Hi,
We were issued ESIC number when we got our company registered.
But its not applicable to us.
How can we cancel it or surrender it?

Dear sir

1) One client has land and building purchased in 1974 and 1.4.2001 value as given by SRO adopted. Falls under Sec 54F

2) The landover enters into Joint venture agreement in 2022 whereby total 5 units to be constructed, out of which 3 will go to owner and 2 will go to developer

3) 3 units for land owner got constructed by Developer for a cost of Rs7,80,00,000


4) Developer sold 2 units as UDS of vacant land during oct 2023

5) Consideration for landowner being

a) Monetary consideration Rs ,40,00,000
b) Sale of 2 UDS given to Dev Rs 1,00,00,000

Total Rs 1,40,00,000
6) Investment made

3 units involving construction cost Rs 7,80,00,000

7) Apparently the full value consideration invested in new building hence it would be exempt

8) In Sec 54 , if the entire sale consideration is invested in purchase/construction of one residential house within a period of 1 year before or 2 years after purchase and for construction 3 years.

9) My question is, since the client got 3 units as a consideration will he be hit by one residential house that one can buy/construct under sec54F

Sir
I'm planning to start a jewelry pawn shop in West Bengal and obtain a pawnbroker's license. Can you guide me on the highest allowable interest rate under the license for providing gold loans? Additionally, I'm curious about the tax regulations surrounding the income earned from interest in this business. Your detailed insights would be highly appreciated.

Dear Experts,
My client export some items (100 items in one invoice) in with pay IGST & some items without pay (under bond) When I prepare E_Invoice some error show at the time. Please help me.

A NRI who have capital gain in sale of house in india and purchased an apartment in india and availed exemption u/s 54. NRI assesssee's father originally purchased the house in 2000 and by family partition during 2016 the NRI assessee got the above said house and sold it during Fy 2022-23 and same year purchased an apartment and claimed exemption u/s 54. He is a resident of United kingdom. He wants to file return of income in uk, He wants market price of sold house to file return their and compute capital gain in UK. During partition in 2016 the stamp valuation of the proprty is 25,00,000. I want to know cost of acquisisiton to be adopted in UK 2500000 or market value to be arrived by fixing registered valuer and find the value in the year 2016. In India we take previous owner value. The assessee says in UK the cost of acquisition to be considered only on the date when the assessee is owner of the propery.

Sir/Mam,

we are proprietor concern we required Tan No. What are requirement of documents to apply Tan and what is procedure, plz kindly explain

Thanking you,

I have booked a flat Jaypee wishtown Noida in 2010 for basic cost of Rs 47.5lakh. Subsequently, in betwen payment GST made applicable. Till date I paid approximately 49lakh in phases till 2017.(Say equal amount each year for simple calculation)
It is still not complete. I want sell it for appx 100lakh. What will be in incom tax liability.

I(having professional income) had opted for 115BAC for FY 21-22 by filing form 10-IE but the scheme was rejected due to return filed after due date.For FY 22-23 the return was again filed under 115BAC and the details of form 10-IE were also provided in the return.However we received the intimation calculating the tax as per old scheme and now have a tax payable.Please provide guidance

Sir/Madam

If a GST registered person has ITC showing in his GSTR 2B and this figure is getting auto populated in GSTR 3B Part 4 (Eligible ITC) .
But this ITC is not to be taken in accounts neither claimed in GSTR-3B as it does not pertain to the business of Taxpayer.
How to depict this amount in 3B.
Should ITC available (whether in full or part) figure in Part 4. Eligible ITC be reduced by the amount not to be claimed or do we show it in some other part of Return 3B

Please Guide
Thanks in Advance

I have registered under GST and my turnover of business exceeds Rs 40 lakhs for which i collect gst. Now i am letting out Residential property to an unregistered person who intends to run Paying Guest. Should i have to collect GST 18% on rent received from that person. or Am i exempt to collect GST as it is my residential property but now giving letting out to a person who intends to run paying guest.