thoufeeq
10 June 2020 at 15:19

Long term capital gain exemption

as per section 54F of income tax, exemption can availe on already owned house property improvement (re constuct Additional Space in owned house property)


CA Varsha Jain

Hi,

My husband is on the payrolls of a singapore company since april 2020, but due to lockdown, he has not been able to open a salary account in singapore bank, thus he wants to receive the salary in Indian bank account.

Pls advise how this income would be taxed ? Is it advisable for him to get the salary in indian bank account.


Krishna Joshi
10 June 2020 at 14:27

Gstr1

we have sell a land under power of development and sell , the transaction amount is done through by our bank account, we are attorney here, so my question is what should i show in gstr 1 for this transaction.


Ashim kr Ray

Sir,

I got order to sell product both inter state and intra state. But party toll me he will give me payment after two month.

Here i want to know whether i will generate Tax invoice or other cash memo issue.As i am not getting my payment now.


NARESH

सर
मैंने ट्रेसेस की वेबसाइट पर 2019-20 की Q24 रिटर्न फाइल कर दी है और फार्म 16 पार्ट A और पार्ट B की PDF भी डाउनलोड कर ली हैं | क्या मैं यह दोनों फार्म 16 पार्ट A और पार्ट B को अलग अलग भी अपने एम्प्लोयी को दे सकता हूँ या यह दोनों मर्ज करके देना जरूरी है |अगर मर्ज करके देना जरूरी है तो इन्हें मर्ज किस किया जाए, इस बारे में बताने का कष्ट करें |


Pallavi Tarafdar
10 June 2020 at 01:05

ITC of GSTR 2A in FY 18-19

Hello

I forgot to take available ITC as per GSTR 2A of FY 18-19 in the month of September 2019 while filing GSTR 3B and GSTR 1. As of now filing of GSTR 3B and GSTR 1 is pending from the month of March 2020. Is it possible to take available ITC as per GSTR 2A of FY 18-19 in the GSTR 3B of March 2020? Please let me know at the earliest.


123456
09 June 2020 at 18:28

TDS

Sir, i live in USA but have a property in India at Hyderabad, Lakdikapul. I am selling it this month. i have given GPA to my cousin, she will sign it on my behalf. please let me know if any TDS or capital gain tax is applicable on this. if so how much

purchase date: 22nd Nov, 1999
purchase price : 2,60,400

sellling price : 21,08,000

Thank you very much,


Gopalakrishnan. S
09 June 2020 at 16:54

To apply for 80G exemption

Sir,

A trust, which has been registered in April 2019 and involved in social activities likes to apply for
80G exemption with the Income tax department for the donations it may receive in future.

We came to know that, preceding 3 years' IT return is essential to apply for 80G exemption. Is
it true ? And if so, is there any other alternative for this trust, which is merely a year old, to apply for this exemption.

Kindly advice.

With Regards.


MOTILAL PUROHIT
09 June 2020 at 16:09

Income from house property

sir, i have property registered with me and my son now i want to give on rent can i take rent in only my account and pls tale me what is the procedure of tds


VARMA
09 June 2020 at 13:37

MSME NEW NOTIFICATION

Dear sir,
I need clarification on below points regarding notification from MSME regarding eligibility criteria based on turnover of the company.
1.How turnover of the company is calculated. is it based on previous year for running company.
2. if turnover of the company is less than 250 cr in previous financial year. whether company is termed as Medium enterpises ?
3. if company made 300 cr turnover in one of previous year. whether it will be termed as medium enterprises.
Kindly provide relevant rules regarding the same.





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