Under which head should the maturity gains be shown- capital gain or other sources. specifically under 56(xiii), ulips are excluded for determining income from other sources so it should be treated as capital gains only, but definition of capital asset does not explicitly cover these kind of ULIPs. They only cover ULIPs not exempt under 10(10D) because of fourth and fifth proviso.

One entity having turn over as cleaning charges from school rs.7.0 lakh per month, not registered in GST. saying that the Cleaning service to school is exempted therefore they not register in GST. is it correct?

Dear Sir

I am appearing for CA Inter exams in May 2024. Please suggest me any good book which should be practised for upcoming exams in Cost Accounting.

Regards

Dipak

As part of business group consolidation process, the investors are decided to form a holding company and transfer their shares to the holding company. The transferred number of shares includes shares acquired by them via bonus allotment, in this case as part of share transfer to holding company is there any capital gain impact for investors

A Non-Resident Indian (NRI) and a person residing in India form a private company in India. The NRI pays the subscription money in INR in India. Is this considered as Foreign Direct Investment (FDI), and is the transaction legal?

Sir,

If total income exceeds Rs 50 Lakhs,, it is mandatory to disclose the details of moveable and immovable assets in AL Schedule of ITR-2 along with liabilities incurred in relation to such assets. Hence following queries :-

1. Is this schedule refers to only those assets and liabilities which are located /existing/situated in India and is mandatory to disclose , if income exceeds threshold limit of RS 50 Lakhs ,irrespective of residential status of an individual ?

2. Is schedule AL of ITR 2 is mandatory for individual NRI, to disclose his Indian Assets and Liabilities even if his total income is below threshold limit of Rs 50 Lakhs ?

3 Is Total Income limit of Rs 50 Lakhs , is only applicability condition of this schedule AL .irrespective of residential status of an individual .

Pls guide urgent.

Sir,
Assessess P2P trader buying and selling 1 lacs transaction daily for crypto currency trading.
Question:
Assessess tax applicable on profit or selling transaction.

Hi all
if property sold out in the month of mar 2023 but tds on sale of property deducted in current year (FY 2023-24) and reflecting well in AIS under FY 2023-24
so in which year should we report capital gain to avoid any kind of notice

Dear Sir,

I have just made the bill but the goods will be sent after 15 days
Can it be made E-way bill after 15 days on previous invoice number & date.

RESPECTED SIR
HIGH VALUE TRANSACTION ALREADY INCLUDED IN TOTAL INCOME IN ITR 3 AY 23-24 BUT NOTICES CAME. IN NOTICES MENTION THAT IF HIGH VALUE TRANSACTION PROPERLY ACCOUNTED THEN IGNORE THIS MASSAGE . SO, IS IT NEED TO FILE HVT COMPLIANCE. PLEASE ADIVCE THANKS.......