abhay kumar

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.


TARIQUE RIZVI
15 April 2021 at 13:40

E-invoicing for domestic sales

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.





DIVYESH JAIN
15 April 2021 at 13:02

Taking out money from Pvt Ltd company

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


sankar ponnan
15 April 2021 at 13:01

Contract - GST TDS

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


Nitesh kumar
15 April 2021 at 12:59

DPT-3 Form of MCA

Is it mandatory to file DPT-3 every year


Krishna Joshi
15 April 2021 at 12:44

HOW TO TAKE INPUT TAX IN GSTR 3B

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


Amandeep Singh
15 April 2021 at 11:58

Annual Income

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


srinivasan
15 April 2021 at 10:31

TDS,GST,ESI,PF

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.


SV POWER TOOLS

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


mahan
14 April 2021 at 23:44

Advance tax assessment

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





CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query