Hi all. following is the query details
JDA entered on 16.02.2019 for a total of 10 flats construction. The owner got 6 and the builder got 4 flats. My client (owner) has sold 2 flats out of the 6 after getting the completion certificate in the month of November 2023. Here my questions are
1. should I consider the Stamp duty value of the 2 flats as on the date of completion certificate as the FULL VALUE CONSIDERATION OF THE TWO FLATS SOLD or should I consider the actual value of the money received on the sale of the 2 flats?
2. Should I calculate the capital gain as a whole or on an individual flat basis?
Please clarify me. Thanking you in advance.

We make use of the World-Check Information Products subscription service as a corporate client of Refinitiv Ltd. And in order to pay for these services, we need to do Outward Remittance to UK.

Refinitiv Ltd, a resident of the United Kingdom, does not have a fixed base or permanent establishment in India for the purpose of conducting business, making it a non-resident under Section 6 of the Act.

They have provided us TRC, No PE declaration, and Form 10F. In that would like your advice on whether or not TDS is applicable.

Regards,

We have registered office & GSTIN in Gujarat and we purchased goods from a supplier in Tamil Nadu and asked them to send it directly to Maharashtra for job work . Only one eway bill was issued by suplier with bill to us ( Gujarat) and ship to Maharashtra . But the transport vehicle is being detained in Karnataka on its route towards Maharashtra , as they are saying two eway bill needed to be raised.

An explanatory statement under section102 for obtaining dormant status

As a proprietorship, I am selling digital products and service e.g. ebooks through my own website not from any marketplace platform ,so do i have to take separate state wise GST registration for each and every state or just one single GST registration in my state is enough ?

Thanks in Advance

Dear experts,

I currently hold two ICICI insurance policies, Life Time Classic and Future Perfect & I have been paying premiums of Rs 5000 & Rs 2556 respectively since November 2019. However, I am now considering the possibility of discontinuing these policies and redirecting the funds towards partially repaying (Principal amount) my housing loan.

Your expertise and perspective would be invaluable in helping me make an informed decision about my financial planning.

Thank you in advance for your assistance.

Best regards,

one of my client has restaurant business - there are sales through swiggy and zomato. In GSTR1, where have I declare these sales in Table 14 or Table 15. Please let me know.

R S Sai Kumar

I have entered into agreement for purchase of flat on24.02.2020 and amounts are paid through bank loan.Flat is not registered in my name.
Occupancy / possession taken on 08.06.2022 .
I have sold the flat on Sept 2023.The sale deed shows my name under "Consenting witness"and not as VENDOR.
Buyer has deducted TDS in my name even though flat has not been registered in my name
I have capital gains of Rs.20 L on this transaction
I have entered into other agreement for purchase of flat on Oct 2023 and paid entire cost of flat.
Can it be treated as long term capital gain and can I claim exemption under section 54 / 54F

Hi Sir,
My CA filed return for AY22-23 incorrectly considering only one form16a instead of two ( I had company transfer and so had two form 16s) as a result I got a tax notice.
For correction she filed updated return u/s 139(8A) which got rejected with "Updated return filed not complete hence not valid". After this updated return, there is no tax liability shown in portal but I am expecting refund since I have paid more taxes during that year.
Please suggest how to proceed.
Thanks,
Sonal

FACTS:
There are some house properties and vacant lands that are jointly owned by myself, my sister, and my mother. Rent is being credited directly to my mother's account based on the NOC given by my sister and myself. We don't want to claim anything from that rent. These properties were inherited equally by all three of us from my Late father based on Hindu Succession. TDS where applicable is also being deducted by the tenant only in my mother's name.

DOUBTS:
Whether the income from rent need to be shown in the ITR of all co-owners or only in my mother's returns? Is this a case of diversion of income by overriding Title or merely an application of income?