Sir , i purchased shares of a company for rupees 100 per share. Now the rate is 120 within 3 days. If I gift the shares to my wife what should be tax implications

Hi Sir,

I purchased some assets and other items from an E-commerce operator on behalf of my company. Due to some fund release issue, I paid out of my pocket to purchase these items. Now Company is going to pay the amount to me as reimbursement .Whether the company requires to deduct TDS on this ?

In which Month GSTR 3B claim pending last year GST ITC?

a company received SCN u/s. 276B for prosecution for delay in deposit of TDS. We have replied to SCN giving reasons for delay and expecting proceedings to drop.

company is thinking of compounding application incase 276B proceeding is not dropped.

I have following queries
1. when to file compounding application - now or later after after our request is rejected ??
2. Also does issue of SCN mean initiation of proceedings u/s. 276B ? if yes then compunding charges would be 2% pm else 3% pm if yes then will apply for compounding now

I have purchased a property of worth 90 Lkhs from DRT Auction.As per TDS On Sale Of Property above 50 Lakhs i have to deduct 1 % tax and deposit to IT department on behalf of Seller.Banker(DRT also) is not allowing to deduct 1 % tax from auction price.

is there any exemptions for 1% income tax deduction under TDS On Sale Of Property by DRT Court.

Thanking you in advance.

Hi Experts,
Need your views on the following Case :
Facts : One of Our client is a Partnership Firm engaged into the business of Real Estate Development. They have started Construction and in the mid of the project. Now they wish to Convert Partnership Firm into Limited Liability Partnership with the same Partners becoming Designated Partners/Partner in the LLP.

Issue :
1. Will this Conversion be treated as Transfer of Business ?
2. What precautions need to be taken during and after Conversion with respect to the direct/indirect tax and accounting treatment ?

Thank you in Advance for your valuable views

what is method of valuation of investment while preparing balance sheet according to scheduled III.

Freight expenses incurred to bring raw material, whether it should be added cost of raw material or should be shown separately.

Client is coming under RREP, they can avail ITC for commercial hotel and residences. The commercial and residence ratios are 28% and 72% respectively. ITC belongs to hotel will be utilized only after 4 years of construction time. Now in GST portal, we must utilise all IGST ITC first against output taxes. Due to this, ITC (IGST) belongs to hotel will be utilized now itself. How shall we overcome this? Kindly advise.

If I have taken property on rent @ of Rs. 25000 per month and their is joint ownership of Husband and wife. Is TDS applicable under section 94I. If i am giving two cheque 1 in Husband name and another on wife name 12500/- each