X Ltd got MEIS scrips from an SEZ port (non-EDI port, say INALF1). Y Ltd buys the said scrips from X Ltd to use it against an import.
Y Ltd got the TRA (telegraphic release advice) in its name and the same is registered in a EDI port (say INCOK1). However, the Y Ltd could not utilise the said scrips and wants to now sell it to ABC LTD.
What is process by which Y LTD can sell the scrip to ABC LTD? How can Y LTD get a TRA issued in favour of ABC LTD from a EDI port (INCOK1)?
AN NRI SALE A FLAT IN INDIA. HE WANTS TO GIVE POWER OF ATTORNEY TO HIS FATHER. I WANT TO KNOW WHETHER GENERAL POWER OF ATTORNEY IS ENOUGH OR SPECIFICALLY MENTION THAT PROPERTY SALE IS NEEDED. IF SO ATTACH A MODEL POWER OF ATTORNEY
Whether Interest Excemption can be claimed if Property owner is mother/wife and repay of loan doing by assesse ?
SUPPOSE, PURCHASE OF RAW MATERIAL IS AT HIGH RATE IE. 18% AND SALE OF FINISHED GOODS IS AT LOW RATE IE: 5%. CAN ITC BE CLAIMED IN SUCH CASE.??
Hi
Please guide in brief accounting treatment of Capitalization of interest.
Thanks
Hello, I am NRI and have just sold my flat. Can i subtract Rs 2.5 lacs from the capital gain before paying tax. I am above 60 years old. Therefore i am eligible for Rs 2.5 lacs tax free income. Please advise on this
I would like to know more about Short term capital gain tax on shares. Can we claim refunds on such deductions if our taxable income is within the limits.
Assessee has earned income from other source and capital gain in USA and paid tax at 10% on each (i.e on dividend income and CG)
Now question arise here as follow:
during the AY assessee is a resident in India and has a taxable income in India also and all the income including USA income briefed with example as follow:
1.Capital gain of USA after converting to INR and giving indexation benefit it is coming loss ( XX)
2.Income from other source including Indian income XX
Questions to be answered as follow
whether assessee is eligible for claiming rebate u/s 91 (DTAA) even though he has taken a indexation benefit while computing capital gain of USA in India?
If taxable services upto 10th of March 2020 Rs. 17 Lacs and Interest on FDR is Rs. 2 Lacs, Interest from outside deposits Rs. 5 Lacs credited on 31.03.2020, What shall be the date of liability for registeration under GST????????????
I need the latest format of XI A, B, C
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
TRA (telegraphic release advice) from Customs