I had sold a flat and bought a new flat and availed LTCG tax benefit in 2013-14.
Now, I have 2 houses rented out and one is under construction. Staying in a rented house.
I want to sell under construction house (may be eligible for LTCG as contractual due date for possession was 2016 but still not completed) and 1 house for buying a new bigger and better house.
Can I avail LTCG tax benefit for second time or will have to pay taxes with indexation benefits.
Respected Sir,
Rgds
Please let me know the below given issue and oblige.
On 8th March 2021, the CBIC notified that e-Invoicing will be applicable from 1st April 2021 for businesses with a turnover of more than Rs. 50 crores (in any financial year from FY 2017-18 onwards, as intimated in Notification No. 5/2021 – Central Tax. ... 61/2020 – Central Tax).
Our export turnvoer is above Rs 50 Crores but domestic sales turnover is less than Rs 50 Crores.
Whether e-invoicing is only and only for domestic sales turnover.
Dear Sir,
I have a Pvt Ltd company which has a profit of roughly around 1 lac during the year. There is tds deduction of around Rs. 3 lacs which I want to take it out from the company.
How can I take this money out from the company. If I pay Salary to directors it will lead to loss of Rs. 2 lacs to the company. Is there any other way to take this money out from company.
Regards,
Divyesh Jain
Sir / Mam
We are GTA and having Contract with a Govt Company. It deducts GST TDS at the time of payment as the Value of Contract exceeds Rs.2,50,000/- p.a.
In case if they fail to pay GST TDS on behalf of us in the current financial year but pay on the next financial year, Can we avail it ?
In case if they pay full amount to us without deduction of GST TDS, How to treat it?
Plz guide us
Thanks in adv
MY SUPPLIER GENERATED E- INVOICES FOR THE MONTH OF MARCH , THE E-INVOICES SHOWN IN GSTR 2A BUT THE STATUS OF GSTR 1 IS SHOWING IS (N) , AND GSTR 2B IS ALSO NOT GENERATED TILL 15/04/2021 .
SO HOW SHOULD I FILE GSTR 3B . CAN I TAKE INPUT TAX CREDIT IN THE BASIS OF GSTR 2A WHICH REFLECTS E-INVOICES.
PLEASE HELP
Dear Sir
In April 2020 I have Filed 15G form in Bank to avoid TDS on FDR. FD interest Rs. Less then 13000/- Where i mention my annual income Rs.180000/- ( Private School teacher Salary+ Tution fees) But my annual income increase due to tution fees school closed during Covide-19 So Can i face any issue Please suggest
Can i fill Income tax return earlier i have never filed income tax return
Sir
One of the my client is a public limited company. We are supplying Forklifts spares and service. Our company is Sole proprietor company not having permanent staff instead migrant. No once covered unders ESI & PF as we have less than 10 staff altogether including migrant mechanic.
The company deducted ESI ,PF and TDS without any notice.
TDS deducted including Spares supply portions.
Please advise legal validity points to have a discussion as well how to get refund. We took Star Health Medical policy for migrants and eligibility mechanics covering their Road Accident,industrail accidents.
please send me clarity for making sure.
Namaste,
We are shifting our warehouse to a newer place in same city, we do not have perfect stock list to make a delivery challan or e waybill, can we take as a lot while preparing a DC and e way bill.
Regards,
Raju
For time deposit for one year period, interest payable on maturity, runnig across two financial years.
Then, as at March of first financial year, interest is not paid to depositor; there is no passbook for time deposit indicating accrued interest amount.
Qn 1. Then, how the depositor expected to assess his interest income for first year to pay advance tax.
Qn 2.is it ok if the depositor declares the interest income on actual receipt in 2nd year on maturity and pays tax only in 2 nd year
Applicability of LTCG tax benefit on property second time