I got a commercial office in Mumbai under my ownership from Tenancy by paying @ 1350/- per Sq. Ft. in 2008. Now i am selling same space for 10,000/- per sq. Ft. What is the implication on Capital Gains Tax ? Indexation benefit can be claimed ? Is there any way to save the Capital gains Tax by investing or buying a commercial space ? Kindly guide ?

Sir/Madam,

In 2018-19 we had purchased building construction materials under GST invoices worth rupees 2 Lakhs and above, can we account the above invoices in our Plant & Machinery accounting head and claim depreciation.

Dear Experts
Whether BEN-2 is applicable on Private company having only individual shareholders
please reply as soon as possible

Dear Team,
our company purchase the golf cart for Visitors for plant (factory) visit
can i take on ITC on golf carts
pl suggest ....

Dear Expert,

Our final goods are exported and we make invoice without export and will claim refund of the GST.
Now my question is that we are sending some material out of India for testing (Final Goods + some spares),
so weather we need to reverse the ITC on the said items or we should pay GST on the same items and adjust with out GST credit balance.

we are thinking to pay GST and adjust with our GST credit and the value will be as declared in the face of invoice.
Please advice.

Dear Sir,

How do i reply to this type of notice.
the error code is 999.


Regards
Dilip Parte
Accountant

Good morning Sir,

In my Husband Payslip all allowance under section 10 are given under flexible benefit plan (FBP Residual) head and in Form 16 no split up given regarding allowances under section 10

While filing his ITR can i claim exemptions under section 10 or not

Please reply me as soon as possible

Dear Expert,

Our final goods are exported and we make invoice without export and will claim refund of the GST.
Now my question is that we are sending some material out of India for testing (Final Goods + some spares),
so weather we need to reverse the ITC on the said items or we should pay GST on the same items and adjust with out GST credit balance.

we are thinking to pay GST and adjust with our GST credit and the value will be as declared in the face of invoice.

What is the maximum exemption for Gratuity receipt in the case of employees covered under payment of Gratuity Act,1972.

Kindly advice me on the following...
1. Salary income is Rs. 3,00,000 for FY 18-19
2. Intra day net result is Rs. 15,000(loss) but total turnover is Rs. 9,00,000/- (total turnover here refers to sell value and not sum of profit & loss in absolute terms)

My query is can i file Itr 4 on presumptive basis in this case by taking 8% of Rs. 9,00,000/- i.e, 72000 as income from speculation business and Rs. 300,000 salary income...

Kindly suggest whether to use itr 4 or not...Or should i use ITR 3 as I'm ready to show more than 8% of share trading turnover.