Daya

How to calculate capital gain when after issuing bonus share as well as purchased share sold.


Bharadwaj V
09 December 2024 at 15:09

Capital Gain under Section 45(4)

what will be my tax liability under section 45(4) of income tax act , if i have transferred my 20% shares to one of the partner in the firm and my capital balance as on such date is 73 lacs for a consideration of 2cr
As per Section 45(4) capital gain is to be calculated - A=B+C-D
What should be the value of D here? whether it is 73 lacs or Prop. capital 20% of 73lacs ?


binu sukumaran
09 December 2024 at 15:07

Export of service and HSN Code

Sir,
During nov24 we have both local (18%) and export service(0%) .
both service is come under same HSN Code.
in HSN Code area only one HSC has rate can update .
Let's me know how to solve this problem.
Please update
With regards
Binu


Rajkumar Gutti online
09 December 2024 at 14:24

Exhibition service

Exhibition organiser is in Tamilnadu state. Exhibition service recipient is in Maharashtra state.
Exhibition held in Nepal country
Exhibition organizer and exhibition service recipient both are registered
Whether Igst or Rcm applicable

In exhibition service whether in India or Out of India
Which is place of supply


Krishna

sir,
if the assessee sold a property in py 2018 19 & amount deposited in nro bank account. now in current year if the assessee wants to remit the money to abroad then in form 15CB transaction details of 18 19 that is long term capital gain ,TDS deduction details required to be mention ? or nature of remittance is to be mentioned as other ( not in the nature of income) since the transaction relates to py 18 19 & ITR for that year has already been filed ?.

2. Also in case the assessee wants to remit interest received on nro deposits to Nre account. Then tds deduction entry comes in every quarter on bank statement & 15CB accepts only one date of tds deduction then in such case multiple 15CBs required to be filed ?


Suresh S. Tejwani
09 December 2024 at 13:20

REGARDING AMOUNT OF DISPUTED DEMAND

IN FORM 35, AMOUNT OF GROSS TAX LIABILITY TAKEN INTO ACCOUNT OR WITH NET TAX LIABILITY AMOUNT (WITH INTERST UNDER SECTION 234) NEED TO TAKEN INTO ACCOUNT?

IF WE TAKE INTO CONSIDERATION, THE AMOUNT OF NET TAX LIABILITY (WITH INTEREST) THEN 20% IS PAYABLE ON TAX AMOUNT OR (TAX + INTEREST) AMOUNT.


Piyush

Company A sells goods to Company B, Later Company B will Export the goods.

in above case, knowing in advance that Company B will Export the goods,
should company A charge GST 18% on sales or to charge any concessional rate of GST to Company B?


Sagar Panchal
08 December 2024 at 22:16

194NF IN TDS SCHEDULE

Dear Sirs/Madam
In which head Income TDS of 194NF should show ? while filing income tax return the file validation needs to confirm income head of TDS
Request to guide


sudhir chintawar
08 December 2024 at 20:36

Allowability of claim u/s 10.26.AAB

Whether the claim u/s 10.26.AAB by an APMC can be denied in case of belated filing of Return? For AY the AOMC has filed the Return on 06.10.2018. While processing the Return the claim was not allowed by CPC


Lucifer Rodriguez
08 December 2024 at 15:05

Tally Accounting Entry

Tally Entry for the below transactions:

1) Industrial Oxygen Gas purchased for factory metal / iron / steel cutting comes under which group (Direct / Indirect) & which head ?
2) Lubricants purchased for factory machines / manufacturing machines comes under which group (Direct / Indirect) & which head ?





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