C R

We have purchased a flat in ahmedabad which had three owners( my wife, myself and my mother in this order).
My mother has agreed to remove her name voluntarily without any financial consideration.
Which process I follow to ensure that I avoid paying higher stamp duty and other charges ?
I was told that gift deed route will still attract stamp duty in Gujarat ( and the rate of which is around 3 to 4 %).
Not sure about the actual process.

Can I try relinquishment deed for my mother to give away her rights in the flat as co owner? Is such deed applicable only for ancestral property or it can be used for non- ancestral property ( as in my case) ?

Also - while executing any of the above , is mother's presence required for the process in ahmedabad ( she is a super senior citizen residing outside Gujarat and with restriction on her movements due to age related leg issues )
Please advice.

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CA Ashish kasera
16 November 2023 at 11:43

Obsolete Invebtory

Inventory and Capital goods purchased before the GST regime and Cenvet credit has taken now Company declare this items as obsolete inventory my question is that Cenvet credit taken before GST regime needs to be reversed in GST Regime.

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Kowsalya
12 November 2023 at 12:16

Scn u/s 144 of the income tax act

Is the issue scn u/s 144 of income tax act in nov 2023 is valid if the escaped income of capital gains sale consideration is more than 50l and after taking the indexed cost of acquisition is less than 50L for the AY 2016-17. Notice u/s 142 is issued in MArch 2023 and is not responded. Kindly clarify

Thanks in advance

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Daya

What is accounting group of income tax paid on demand or GST.

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Bhavik
10 November 2023 at 13:17

Depreciation on Sound Box

Dear Sir / Madam,

Kindly advise on depreciation rate on Soun box machine connected with QR code.

Can we treated it as Computer and apply 40% Rate?

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ISMAIL G.A
09 November 2023 at 17:19

Payment of SBC (SWACHH BHARAT CESS )

Dear professionals,

The Karnataka Electricity Board has sanctioned a power supply to a particular industry and has levied some conditions to it and one of the conditions prescribed is payment of GST on supervisory charges and the SBC(SWACHH BHARAT CESS) in respect of GST we can now pay by logging into the GST Portal and now the question is
How do I make payment of SBC?
Further I tried to log in to the portal https://cbec-easiest.gov.in/EST/ but it has become redundant
Hence I request you to kindly clarify the issue.

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neha

Dear Sir

By mistake in our last year few import invoices( basic amount before gst)shown under in purchase GST head and tax show under IGST. Now return file has been submitted so in future we will face any circumstances due to this reason. Please guide us.

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mohamed ali & co
04 November 2023 at 20:29

DISPUTED TAX IN GST APPEAL

While filing GST appeal, the disputed tax is not appearing in the DISPUTED AMOUNTS/PAYMENT DETAILS. How can i pay the disputed tax? I am not able to pay the disputed tax. The appeal can not be filed without paying 10% of the disputed tax.Can the experts throw light on this issue please.

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Anjana Shelar

An Individual having Income form all heads of income other than from Business and Profession does he require to file Balance Sheet and Profit and Loss account. for all the investments and incomes

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Sabita Sahoo
30 October 2023 at 21:49

Creditor writeoff

Creditor's writeoff is shown as income in profit and loss account.
Whether the corresponding ITC needs to be reversed as per sec 17(5)(h)

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