Pl clarify
1.whether cost of purchase/ development for indexation can include periodic property taxes paid till disposal.
2. Whether only capital gains can be invested in capital gains account with bank before due date for filing IT return by the seller individual.( i.e, before 31st July)

An office premise was purchased by a partnership firm consisting of 3 partners (later 1 new partner had joined). After some years, the partnership was dissolved mutually and it was agreed that 1 of the original partners would continue business under the same name at the said office premise acquired previously as a proprietorship concern i.e he would take that property as his share of the partnership business – A Deed of Dissolution was made and signed by all partners agreeing to this.

No registration in the land revenues was done for the same and for about 30-35 years the business continued as proprietary concern. Recently, on death of the said proprietor, the legal heir has applied for transfer of office in his name (under Probate of High Court) but the society lawyer has contended that office has not been registered in the name of the continuing partner post dissolution which is required to be done now.

He has suggested to do the registration at the current date by paying full stamp duty @ 6% on the current market value as per ready reckoner rate and post that go for transfer under Probate of Will. Kindly help as on reading of various cases I have found that registration, transfer, stamp duty is not required separately on dissolution of partnership firm even where immovable properties are involved.

Thanks!

Dear Sir,
Whether unbranded honey is exempt ?

Please clarify

Dear Sir

Proprietor withdraw some money from bank ( Current account ) by ATM for personal need and some business purpose Can he withdrawal cash by ATM Card any problem face in future please suggest

During FY 17-18, we paid Excess outward Tax liability and we are not able to adjust in subsequent returns taken as ITC in 3B of Sep 2018. we have all the support and we have on the opinion that there was no loss to the revenue, except the procedural laps

Can anyone suggest how to overcome this situation..

Dear Sir

My Supplier filed his GSTR-1 on 11 March 2023 Invoice reflect in 2A and 2B. But tax value of invoice not included in All other ITC. 2B Tax Summary Rs.123400/- but when we seen Tax and Comparison tools its Rs.122850/- its show less ITC please suggest what to do in case.

Dear Si

I am uploading CSV file B2B to file GSTR-1 its processed with error 19 B2B invoice where 17 invoice successfully upload and 2 show with error after Checking found that 2 invoice , GST Number is active so please suggest what to do in case.

Please provide whether NRI be appointed as Managing Director of the Company without Central Government approval.

Dear Professionals,

As per the ICAI and ICSI norms members can't hold COP's of both the institutes simultaneously, which means they will have to surrender one of their COP to get the other. So, I would like to know whether such members can take COP of ICAI, sign tax and statutory audit reports to some extent, surrender it and take COP of ICSI, sign secretarial audit reports, surrender it and repeat the process again.

If they can do so, let me know whether such member who signed the tax and statutory audit report of a company can sign the secretarial audit report of the same company.

Your inputs are welcomed. Thanks in Advance for all your inputs in this matter.

One of my client (partnership firm) applied for the pan & received on 23/03/2022 so I want to ask whether they need to file return for the same as a updated return or not required to file the return as there is no business in that 7 days period and actually business commence from 30/04/2022 means next financial year. should I file return for F.y.2021-2022 of that partnership firm or not?