Ravi

I have a query on interest rebate for under construction property for self use. I booked an under construction property in Dec2017 under 30-40-30 payment plan for which I took a loan in Dec2017. As of today Loan is 50% disbursed. Due to covid there is delay in planned completion to Jun 2023.
1. Would I be able to get any rebate on interest if builder provides possession by Jun 2023?
2. Based on above dates when would my 5 year timeline for completion end?
3. Is there any relaxation to 5 year timeline for completion due to covid?
Thanks


Suresh S. Tejwani
03 January 2021 at 12:33

REMITTANCE FROM FOREIGN COUNTRY

WHAT IS THE SECTION OF REMITTANCE FROM FOREIGN COUNTRY ?


ARUN GUPTA
03 January 2021 at 11:45

Tcs

I received advance of Rs70 lakhs in july 2020 against sales and returned full advance in November 2020.My turnover last year was more then 10 crores. Am i liable to deduct tcs after october 2020 for above transaction. Please advise in details.


Yodhvith
03 January 2021 at 00:19

Articleship rejoining

Sir
I wanted to take transfer ( within 1 year ) . If I rejoin after 4 or 5 months do I need to pay fine ? Or it's regarding after submission of 102 form?


C Thakkar

Dear sir,
I am a retired person having only interest income from fixed deposits and some capital gains from stock market. I am incurring some expenses like transportation, mobile bills etc. for maintaining my fixed deposits. Can I deduct these expenses from the interest income of fixed deposits while calculating tax payable ?
Thanks


S M Basha
02 January 2021 at 20:23

Residential building construction

Sir
One Assessee engaged himself in the construction work of residential building , after completing the house he proposed to sell the house for Rs.50 00 000 /- what is the rate of GST ? What HSN /SAC code is applicable .How can he avail ITC ? please explain . This is for your kind perusal.

Thanking you

With Regars

S M basha


CA VENKATASWAMY

Hi all, one of client ( sole Proprietorship ) doing business and he purchased one immovable property ( Building ) for both the purposes of personal and business and also in near future he want to sale the property then at the time of sale what is the GST implication if he treat the property as business asset ? or if he treat the property as personal asset then what is the GST implication ?

Whether GST is applicable on sale of immovable property used for the business and claiming depreciation ?


anubhav bhatnagar
02 January 2021 at 18:55

Income tax for software companies?

Hi,

I wanted to ask is there any exemption of income tax on export of software services?
I have registered a company and many of my clients are based outside india.
What are the ways software companies can get excemption on income tax doing just export.

Please suggest!

Regards,
Anubhav B


Prem Chandra Thakur
02 January 2021 at 18:34

Liability of Advance payment under RCM

Dear Expert ,

We are service recipient. we are liable to discharge liability under the RCM against payment made in advance to GTA and Advocate.

kindly guide us Whether it will be shown in GSTR-1. Advance receipt is given for FCM not for RCM

Thanks & Regards
Prem Chandra Thakur


roshan
02 January 2021 at 17:46

Membership fees

I am unable to pay Membership Fees on self service portal.
COP status is showing inactive.
I have raised a ticket regarding the same.
What is the procedure for payment of Membership Fees in this case





CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query