A person want to form a trust with a property where a huge immovable property has to be transferred into it. The person transferring the property has no known relatives. How can he make sure he secured the property after his life time. In case he transfers it by way of creating the trust in his life time. How he makes sure the transfer does not attract section 56 x and he avoids paying capital gains
Hello,
Under Section 54, there is a period of 3 years from the time of sale of property during which the new house property is to be constructed.
My query is: The time limit under Section 54 was extended till September 30, 2020 (for the period being completed by March 31, 2020). But in case the period of 3 years is ending in February 2021, is there any way to claim exemption till March 2021 or later? Given the fact there was a force majeure event like Covid, and that an extension of 6 months has been given in 2020 (so could it apply to a period expiring beyond September 2020)?
Thank you in advance for your help.
Dear All,
my tally TSS Expired on 31.01.2021 What should I do for renewal...
Kindly guide me
thanks & regards
what is the additional fee for late filing of DPT-3?
one flat booking
amt received on march with gst
after same time July we again paid same gst amt same party double entry done
the amt paid twice
then what happened in gst
the amount refund back or what
Dear Experts,
If a dealer purchases agriculture produce from farmers and sells in parts to end customers, in this case if he pays lumpsum payment to farmers, then will this cash payment be allowed under income tax provisions?
If yes , is there any limit?
Also will any declaration be required from farmers that he is a farmer and eligible to receive cash if allowed to farmers?
Please advice
Regards,
Read in an article related to GST on Real estate that GST is 1% only for affordable housing in metro areas that are less than 90 SQM and 45L in cost, is it true
Dear sir,
tds is applicable for purchase for extended warranty & RCM is applicable.
Dear Experts,
Will GST registration be required in following example?
Dealer in raw mangoes from one state to another and turnover crosses Rs 40 lakhs.
Are raw mangoes exempt from GST?
Also what if dealer deals in goods other than raw mangoes
Please advice
Regards,
WE ARE ENGAGED IN MANUFACTURING AND SUPPLYING UNMANUFACTURED BRANDED TOBACCO. FALLING UNDER 24011090 OUR DUTY RATE STRUCTURE AS FOLLOW
SGST 14%
CGST 14%
COMPENSATION CESS WITH LIME PACK - 71 %
AS COMIMG UNDER FOURTH SCHEDULE OF CENTRAL EXCISE ACT 1944. BESIDE WE HAVE TO FILE MONTHLY RETURN ER1 FOR COMPENSATION CESS ON ACES GST PORTAL.
ANY CHANGES IN NEW BUDGET ?
NEEDS FOR FILING ER1 MONTHLY RETURN ON ACES GST PORTAL ?
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Section 56 x deem gift in case of formation of a trust.