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Anonymous

We have made an agreement with a builder for development of our land in exchange of flats...now builder is asking us to pay 1,80,000rs GST Per flat as the market value is 15 lakhs per flat...we are not going to sell the flats to any one..my question is does we land owners of the developed property need to pay GST?
Please clarify



Anonymous
01 March 2018 at 17:24

Related belated return filled

SIR I HAVE FILED RETURN AFTER DUE DATE FOR A.Y. 2017-18, DATE OF RETURN FILED i.e. MONTH OF NOVEMBER. IN RETURN, THAT TIME ASSESSEE GIVEN WRONG ACCOUNT NUMBER. SO, NOW THIS RETURN CAN BE REVISED WITH CORRECT ACCOUNT NUMBER IS POSSIBLE?. AND WHAT IS THE DUE DATE FOR REVISED RETURN. IF THERE IS ANY CONSEQUENCES?


haritha
01 March 2018 at 17:01

Speculative income

WHEN TO TREAT SHARES SALE OR PURCHASE AS SPECULATIVE
IF IT IS SPECULATIVE BUSINESS THEN HOW TO TREAT GAIN OR LOSS OF SHARES


rohit
01 March 2018 at 16:42

Gift tax

I have given my friend around 5 lakh rupee for his study....I want to show as a gift. Can I show that as gift. And if yes, how much tax he has to pay. He is student and he has no other income



Anonymous

Dear Sir
Whether Expenses incurred on medical treatment of Heart Daises is allowable as deduction under Income Tax Act 1961 ?


Ashoi
01 March 2018 at 15:41

Job related question

Hello, I have completed my CA Final first group. For some reasons I want to start job now. I will be doing my 2nd group simultaneously. Should I opt for banking job (private sector) or should I apply for internal audit post in MNCs

What would be my expected designation and salary.
Also consider carrer growth.

TIA


Naresh Ravva
01 March 2018 at 15:24

Default in filing form 26qb

Dear sir/ Madam
Actually what happened is my client(Pvt Ltd Company) purchased a Land in 2016 aug. The cost is 89,62,000/-. no tds deducted at that time . registration procedure completed. After knowing the concept of 194IA i wrongly deposited the tax amount in One of director PAN instead of Company PAN. nothing done later.... what are the consequences will i face ? please clarify in detail.



Anonymous
01 March 2018 at 15:14

Audit report for professionals

sir/ madam
i have to submit my audit report for professional bussiness, so kindly let me know which audit report i have to submitted .

thanking you

ishfaq ahmad


Nishad Poonthala

Hi all

I am dealing second-hand car business, suppose I have purchased a used car for Rs. 15 lakh and additionally spend some repairing, reconditioning and insurance expense for Rs.1 lakh and I sold the same for Rs.18 lakh What will be my Margin?

18 lakh - 15 lakh = 3Lakh
or
18lakh-15lakh-1lakh = 2 Lakh



Anonymous
01 March 2018 at 14:21

How can i reduce hra

I am a salaried employee and have taken a rented accommodation for which I am paying 15K per month (my land lord not providing his PAN). The HRA from salary was 3.9 L per annum. How can I reduce the tax liability in this case? Can I provide my mom pan card number and claim the HRA deduction? and transfer rent to her account and provide as proof.

Thanks in advance,