we are exporter need to sale rodtep scrip so it is nil rated GST or exempted HSN CODE IS 4907

Dear Sir,

One of my client has sold his residential house property as X in February, 2023 and has long term capital gain on sale.

1)Can he claim capital gain amount exemption if he purchases a new commercial property as Y

He had purchased another residential house property as P on loan around 1.5 years back before selling the above mentioned residential property X in February 2023.

2) Can the capital gain amount of X be adjusted against the loan repayment of the property P.

Please help me resolve these 2 queries.

Thanks,
Divyesh Jain

Can professionals declare lower profit (below 50%) under section 44ADA without getting audit u/s. 44AB turnover up to 10 crores? Like other than professional u/s. 44AD where gross receipts of more than 95% are digitally received.

let's take an example:

A professional has a gross business receipt of Rs. 2.50 cr wherein cash receipts are less than 5% and profit declared 60 Lakhs under section 44ADA, so is it allowable?

kindly guide me

Sir,
My friend doing automobile shop in cochin.
It's turnover is around 5 lakhs only pervious years. Some of product purchase cost is high in currently. While checking in internet there is Web site Ali express, they offer best price ,but origin from China.
Currently not taking GST and IE code.
Let's me know if its possible to purchase Ali express and any legal problem in this case

Please advise
With regards
Binu

Dear all,

This is extract of section 192 of Income Tax Act:
(1) Any person responsible for paying any income chargeable under the head “Salaries” shall, at the time of payment, deduct income-tax on the amount payable at the average rate of income-tax computed on the basis of the rates in force for the financial year in which the payment is made, on the estimated income of the assessee under this head for that financial year.
In the above text, what does this sentence mean - “rates in force for the financial year in which the payment is made”?
E.g., the salary for Mar 2023 is paid in the next month (Apr 2023), then at what rate TDS should be deducted? Of which FY, rates and estimated income will be considered to calculate the average rate of tax?

How to discharge GST liability on carbon credit.
The same is provided to foreign entity who is acting as intermidiary.
The sale proceeds are booked as income in our books.
How to disclose the same in GST return.
Any LUT should be filed

Dear Concern,

We are in construction business and we are registered under gst in gujarat state. We are providing service in gujarat to person registered in Rajasthan. Whether IGST will be charged in bill or CGST-SGST.

Rajasthan Registered Person asked us to issue invoice charging IGST.
Please advice. Thanks in advance

I am using latest RPU and latest Java After entering all TDS details in Rpu when i tap on create file it was not creating fvu file successfully and it not showing any error. It was creating some log files and uenc file.

Hi,

One of my clients had won lottery ( Dream 11 ) of Rs. 75000 in F.Y. 2022-23. Before the winning this amount he already lost 50000 rs in the lottery in same financial year. I just want to know, how much amount is taxable in this situation. Total net winning or (Net winnings - previous loss).

Hi sir,

I'm trying to file PT return for Feb 2023 but the following errors are occurring.
1. Error while file upload.
2. At least one BRF message of type W, E, A, or X occurred
3. Balance Payable should not be more than zero
We have paid challan on 05/04/2023. Also have paid late fees of Rs.200 too.
Please help me with this.