Hi All,

I had sold some mutual fund in April 21-(AY-2022-23) and unlisted shares( received as part of ESOP) and invested the proceeds in Purchase of residential flat. However the flat is still not ready for occupancy and OC has not been recevied.
Can anyone guide if the capital gain on sales of shares / mutual fund would be exempt if its invested in proeprty?
If yes what should be the criteria to claim the same?
And to what extent the amount would be exempted.
Please guide in a bit detail to arrive at some conclusion on exemption u/s 54.

Thanks,
TS

I filed my ITR (belated or after due date) for AY 21-22 in march. Filed my return as per new tax regime and also filed form 10 IE. Today I got intimation order in which tax was calculated in old tax regime. And also no deduction U/s 80C were considered. There was no clarification from department about belated return for new tax regime. Please guide. Thank you

We have furniture manufacturing unit. Due to more work order we are not a position to produce more product Intime. Wish to appoint a third party may be contractor or subcontractor to finish the product for our requirement by giving his / her employee.

My queries as below.
1. Whether a formal Contractual agreement is required or not?
2. Is TDS & Service Tax applicable on the transaction if yes how much.
3.Outr Firm is registered under PF & ESI Act . Benefit of these are to be given to the manpower hired by us or his / her?
4. If the Contractor having no income beside whether he will be file his tax return as Individual or other way.

Please let us know.

Regards.

Pramod Nayak

hello sir,
Government given an old building to a society for residential school purpose for which the concern school made renovation which includes false ceiling in the dormitory.
can we capitalize it or it can be treated as expense?

As per companies act new Sch III amount are to be rounded.

Suppose I have a figure Rs.189,593 in Balance sheet and I wants to round it off to nearest hundreds.

What is the amount in Balance sheet? Rs.1895.93 or 1896 or 189600 ?

Also if balance sheet schedule have no figure whether I wants to disclose Empty schedule?

Pls reply

My client is a seller of goods on amazon and flipkart which he imported at haldia port in West Bengal. He is registered in West Bengal and recently registered in Maharashtra. Now, he transfers the goods from west Bengal to Maharashtra under a sales invoice as per the rules for further sales. He uses amazon's warehousing facilities. Now, he wants to register in Delhi and Karnataka for he will utilize warehousing facilities of amazon in those states. My question is whether it is required to register in those states or simply add these warehouses in existing registration?

Also, how will the final accounts of these registration will be prepared at the end of the year? He uses tally for maintaining accounts and thus have 2 companies in tally for both the registrations. How will the accounts be consolidated and presented?

I will execute an Affidavit from USA and send the papers to India, will arrange to pay stamp duty within 3 months. I have my postal address in Gujarat and the RTA in Maharastra.

Please guide whether I attract the stamp duty per Gujrat (Rs 20) or Maharastra (Rs 100).

I have to execute about 15 such documents,

Thanks. My email Id is bkpjoshi@gmail.com

Thanks once again..

Sir

Petrol pump dealer at the time of purchasing petrol & diesel getting tax consession.
I want to know why this tax consession and what purpose.
and under what head in tally it will come.
Plz advise

Sir,
A Gst registered dealers purchase of goods value show in it returns.
1.purchases of goods value rs:50 lacs as per books
Purchase of goods value rs:55 lacs as per AIS/tis information
2.purchases of goods value rs:55 lacs as per books
Purchase of goods value rs:50 lacs as per ais /tis information.
Question:
Dealer above mentioned two options purchase value show amount books or ais/tis information in it returns.

Hi

In case of Export Sales if the commercial invoice date is 31.Jul.22
but the final shipping bill LEO copy is recd on Late night 31.Jul.22
and so if E-Invoice is uploaded on 01st of AUG 2022, mentioning invoice date as 31.Jul22 & shipping bill date as 31.JUL.22

Q- What that be correct way of uploading E-Invoice ?
Q- Will the above Sales invoice reflect in July Month GSTR-1 or Aug Month GSTR-1 ?