Easy Office
LCI Learning


MOTILAL PUROHIT
04 September 2019 at 03:53

Long term gain

SIR MY CLIENT HAS PURCHASED TAX FREE BOND AS ON 02-06-2018 AND NOW AFTER 31-08-2019 THEY WANT TO SELL PLEASE TELL ME IT WILL BE TREATED AS LONG TERM CAPITAL GAIN AND WHAT IS TAX LIABILITIES COMES AND THERE IS ANY SCHEME IN SECTION 54 FOR TAX SAVING


DIVYA
03 September 2019 at 23:27

Regarding sale of property

Dear All,

I came across a case wherein a person (Salaried person) had entered into an agreement with a Indian Company and purchased a piece of land many years ago. The Company is into cultivation of crops, etc. However at present the Company is under litigation. Today, the person wishes to sell his share of land. The first question is can the person sell his share of Land without the consent of the company? If Yes, which law governs this and the specific provision of the law. If no, the law which governs this and the applicable provisions of the Law.

Request assistance on the above subject matter.


Ajay Sharma
03 September 2019 at 23:02

1st bank

First Bank Means


Deepak Bissa

Hii,
Respected Experts
Kindly provide to me affidavit for free of cost property on rental.

Thanks
Deepak Bissa


KISHORE SOMAN
03 September 2019 at 22:46

Gst exemption for co-op housing society

So there are 2 categories in our building depending on the configuration of the flats. 2.5 bhk (A) and 3 bhk.(B)
So the monthly amount collected from category A is ₹7900/- which includes water bill contribution of ₹265/- and common electricity contribution of ₹2200/-
Similarly the monthly amount collected from category B is ₹9000/- water contribution being ₹375/- and common electricity contribution of ₹2200/- in this case which of the category has to pay GST
Whether water and electricity will be exempted to arrive at the limit of ₹7500/-


P. SHARMA
03 September 2019 at 20:31

Input credit

Please inform me ,GST Output Liability (As per Reverse Charge Method) can be adjusted agst Input credit of GST.


PRATIKKUMAR
03 September 2019 at 20:16

Gst registration

A PVT. LTD. COMPANY registered with ROC and applied for GST Registartion on 10th June 2019,approved GST regstation certificate granted on 13th June 2019. Now in August 19 I received a message from GST department containainig another GST Number and not filled any return. We search on GST portal we came to know that we have two different registartion number in same state and we have loging credential of only one (which we applied)...please help me in this regards how to get another registration cancelled.


Gopi Bharatkumar Tanna
03 September 2019 at 19:02

Section 269ss

Mr. X is a Partner in XY & Co.

A fixed asset worth Rs. 80,000/- is purchased, whose payment is done in the following manner :
1. Mr. X paid Rs. 20,000/- via his Debit Card &
2. Balance Rs. 60,000/- was paid via Debit Card of Mr. X's Relative (Say 'Mr. Z', who is not a partner in XY & Co.)

So Mr. Z loaned Rs. 60,000/- to XY & Co. but funds were directly paid to the seller of fixed asset using Mr. Z's Debit Card. The loan of Rs. 60,000/- is shown in books by passing a Journal Entry.

Later the firm XY & Co. has also repaid Rs. 60,000/- via Account Payee Cheque to Mr. Z

QUERY :
Are the provisions of Section 269SS violated while taking loan of Rs. 60,000/- from Mr. Z ?


C.A. Mayur J. Raiyani
03 September 2019 at 17:46

Notice u/s 142(1) - online response

Is Letter of Authority or power of attorney required for online response to income tax department for notice issued u/s 142(1) to respond on behalf of client ?


Suresh Tambe

how to cancel deduction of professional tax from salary of govt employees