Sir,
Can we claim ITC on VGA, ACD, and On carriage charges levied by CHA to Exporter?
These services are paid by shipping line in foreign currency, shipping line further charged these to Indian CHA, and so on CHA charged to Exporter with GST 18%.
A firm purchased various pieces of adjoining land having different Khasara numbers from various persons at different prices. After a year of purchase, the firm got all the pieces of land consolidated in a single khasara. Post consolidation it converted a part of the consolidated land into stock in trade and another part continues as a capital asset. The portion converted into stock in trade is proposed to be developed in residential plots as per the approved layout after the diversion of such land into non-agricultural land.
Relevant figures are as follows:
1. Total Area after consolidation 100000 sq ft.
2. Converted into stock in trade 70000 sq ft
3. Capital Asset 30000 sq ft
4. Average cost of consolidated land Rs.200 per sq. ft.
5. Saleable plot area after development 35000 sq ft.
6. Cost to be incurred for development Rs.10500000
7. Period of development 2 years
8. Plot sale to commence immediately without waiting for completion of the development
Kindly guide as to the valuation of the stock of plots and also the un-diverted land.
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I have unlisted shares as part of ESOP from my Org.
Can anyone elaborate how we can save Income tax if we are holding shares for >3yrs.
For 54F:
- Can we use for agri land ?
- Suppose I used 54f in current FY against purchase of my 2nd home... Is it possible to again use 54F against new home purchase after selling my first home.
Dear Experts,
We are a Pvt Ltd Company. Need you guidance on how can issue spare parts for our assembly line ? We are using Zoho Books. The Spare Parts are reflecting in our inventory. Kindly suggest ASAP.
Regards
Shriram Deshpande
Please share the Main objective to be mentioned in the MOA for animation & vfx company for incoporation
Could someone please tell for the Form 26QB which is filled for property over 50 Lak, there is a field "Date of Payment / Credit made to seller".
what is the difference between Date of payment and Date of credit to seller ?
Is it something like say for example, I place an NEFT transfer request with my bank to pay installment to builder at May 01 11 PM IST and amount gets deducted from my account but it gets credited to builder account say on May 02, 01 AM IST , then Date of Payment will be May 01 but date of credit will be May 02 and then for this field any of these May 01 or May 02 are correct to fill in or what exactly should be filled in ? Please confirm. Thanks.
At the time of filing the Q4 TDS return, should we also file another return for the annual return?
Please tell me, is it mandatory to get a TAN number and file form 15CA/CB for using cloud hosting services from Digital Ocean or AWS? Payments to Hetzner, Digital Ocean and Backblaze are auto-debitted from credit card.
If TAN is required then why govt allows simple credit card payments from users who do not have TAN to these companies?
Please explain.
If an assessee has paid for mediclaim premium of his father, however the father is the policyholder, insured and proposer of the policy, can the assessee take deduction for the same on the basis of mere payment of father's mediclaim premium or will the father here be eligible to take deduction.
ITC on VGA, ACD, Oncarriage charges