Rahul
16 November 2019 at 13:12

Stamp duty

what is the rate of stamp paper for Partnership deed in maharashtra if capital is 5 lakh


Vikram Bishnoi
16 November 2019 at 12:50

Required tax audit or not

A partnership firm total turnover in f.y 18-19 is 60 lakh from pharmacy business and maintaining proper books of accounts and profit is 2.90 lakh. And he started business last year when he file return with loss of 35000/-. Now the question is that shall he required tax audit when he had not opted presumptive tax scheme in last year and also not want to opt this year.


thotasrinivas

We installing lift when we doing installation done civil work there which are labour payments , welding works etc.. can we capitalize expenses >10K & <10K. civil and welding work to lift asset.


Balkar Singh

One of friend is a Pro Kabbadi Player. He was hired for a consideration of Rs. 20 lakhs by franchisee. The franchisee paid him Rs. 10,00,000/- as part payment and also paid a gst 1,80,000/- (18%) by taking GST registration on the name of player.
Now my question is
1. whether a Pro Kabbadi Player liable to pay GST ?
2. or it is covered under RCM and the Franchisee will pay GST on reverse charge basis.
3. if Player is liable to pay GST on forward charge, since he will received 20lakhs in year, he is not liable to registration, hence GST should not be there.


CA Parul Saxena online

Suppose on 11th of Nov the itc in 2A is Rs.1000000 and in books is Rs.1500000 we can claim Rs1200000/-(Rs.10 lakh+20%) in GSTR3B of Oct 19.
Now on 15th Nov the itc in 2A is Rs.1500000 but we have claimed Rs.12 lakh then what about balance Rs.300000 (15Lakh-12Lakh) itc.? How this will be claimed.?
If in next month this Rs.300000 is more than 20% of eligible itc of next month then would it be lapsed?


avrandco
16 November 2019 at 10:25

Long Term Capital Gain U/s 54F

Long term Assets of 3 Properties were sold by an Individual the whole Net Consideration was invested in Construction of Residential building. Whether exemption can be claimed U/s 54F of Income Tax Act. Is there any restriction for number of properties sold Other than House Property and invested in one residential Property.


KUNDAN SHARMA

TDS deducted by deductor on 31.03.19 on provision basis but when invoice received invoice date is 17.04.19. Is against TDS will be deducted due to invoice date is 17.04.19 or no need to be deducted?


HARISH BHATIA
16 November 2019 at 09:46

Reverse charge mechanism

rcm applicable to composite dealers from oct 2019 onwards


Vijay Mohan
16 November 2019 at 09:37

Yes on rent

My client is paying rent Rs.58000 pm.he is paying rent monthly.till date he has not deducted any TDS. Shall he deduct tax in the month of March 2020 and pay to Government


N.Murali
16 November 2019 at 09:35

AOC for 4

Sir

Can a Statutory auditor certify the AOC 4. Is UDIN required to be generated? There is no provision for using the UDIN in the form

Regards

Murali N