Ankit Sharma
11 January 2021 at 17:52

Tally entry

Bima company 7000 rupaye insurance claim pass kiya


sneha tare
11 January 2021 at 16:59

Sec 54

my friend has contructed a house for 43 lacs in 2019-20. for which he has taken loan of 23 lacs (2019-20) , he paid 28 lacs to contractor 23 from loan and 5 lacs from saving for remaining amount he has put his old house paper with the contractor. now that contractor want that this old house on his name for which he will transfer 10 lacs in my friend account to show the sale consideration (this amount will be return back by friend within a week).

now question is that is the long term capital gain will be exempt ?
what are the documents required for it??
is the 10 lacs which he will be transfer will be right??
what are the documents and paper work required till date no paper work done.


Kollipara Sundaraiah
11 January 2021 at 16:47

Taxable or exempted lic amounts

Sir,
Assess lic policy sum assured Rs:6,95,000/-
Single premium rs:501804/- payment Dt:15-08-2013
Dt:15-08-2013 some Lic amount received rs:104250/-
Dt:15-08-2019 some Lic amount received rs:104250/-
Dt:15-08-2022 some Lic amount received rs:501804/-+ interest.
F.y.19-20 Rs:104250/- Tds Rs:1042 @1% sec 194da show in 26as .
Question:
Assess all amounts received from lic taxable or exempted in I.t. act.


JAMES VERGHESE
11 January 2021 at 14:38

GST/RCM Applicability

One of the Indian company buying a software from out side India for trading in India , will it attract any GST / RCM ???
Kindly guide me


DIVYA
11 January 2021 at 14:21

Capital gains

Hi All,

I have a query with regards to the below case. The facts of the case are:
1. The Assessee, being individual is the owner of 2 residential properties located at the same area the market value of which is Rs. 45 lacs each.
2. He intends to buy a single residential property of Rs. 1.10 crore by investing the entire proceeds received by selling the above mentioned two properties (i.e 45lacs*2= 90 lacs).
3. Can he/she invest the entire proceeds received from sale of both properties in one single property and claim exemption as provided u/s 54
4. Will capital gain be computed on both the properties individually?

Please assist.


Naveen Kumar Jain
11 January 2021 at 11:12

Section 131 (1A)

Can investigation wing issue summons to Legal Heir of a deceased person and call for details in respect of transactions entered in to by the deceased when he was alive? There are no pending cases against the deceased person. Can investigation wing compel the legal heir to provide details for which legal heir has no knowledge and transactions relate to several years before expiry of the deceased assessee?


aayush sharma
11 January 2021 at 10:27

D.O.B mistake in pan or aadhaar card

Dear Sir,
How can i`ll change in my itr ...?
my date of birth is diffrent than my aadhar
an my father Name spelings is change than my aadhar


what can i`ll do now please tell me solution sir....


sankar ponnan
11 January 2021 at 10:23

Lease

SIR
Assume if I am a trader of truck tyres and also having the lease with transporters for a specific period of time say 6 months or a year for supplying the tyres for lease only and not for sale.
If i have the shop in Salem, how to i send the tyres to the place of truck saying 50 km distance?
If delivery note is essential, any GST applicable?
Guide me plz
thanks in adv


SURABHI GUPTA
11 January 2021 at 09:03

SH7

Does SH 7 form requires to mention the proposed issued caiptal and paidup caiptal to be mentioned which the company needs to issuethe the future ?


Shailendra Bansal
10 January 2021 at 20:30

Export to Iran

Hello, I made three software exports to Iran via datacom method one in 2015 (USD 1000) and two in 2018 USD 2000 and USD 7000). Payment in one case came via Paypal and in other two cases came from a third country. I filed the Softex and now when I submit the papers to the bank they are refusing to process staying that export is to Iran. Please advise how to resolve this issue

Thanks..............Shailendra Bansal





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