Hello Members,

Client purchased a new residential flat. He sold off the shares he had in this private ltd company, apart from his self shares he also sold shares held in HUF.
Query: There is Long Term Capital gain coming from the sale of Shares in HUF, while the proceeds received from this was directly used for the purchase of the flat, Can HUF claim deduction us 54 as flat was purchased out of such proceed which is evident from bank statement also.

Regards
Gaurav

The GSTR1 was submitted with a negative turnover since the sales returns surpassed the sales turnover for the month. However, when it comes to filing the GSTR 3B, there isn't an option to report negative turnover. How can this challenge be addressed to prevent inconsistencies between GSTR1 and GSTR3B filings?

Hi Experts how to take /register exams under self study papers like Set A - Corporate laws . Please guide me

Hi Team,

Sometimes during corporate actions like demerge, bonus, split etc an amount is received for fractional shares. Could you please advise how it is taxed? Is it SHORT TERM CAPITAL GAIN? If yes it is taxed at 15% or as per income tax slab rate?

Kindly let me know if query is not clear.

masjid -e -mamoor in karnataka very much need pan card to open bank account

Dear all,
for last 4 months, I have been trying searching activation link or pan account where I never find any link........please help me.....

I can pay but I need it pls

Hi
If a housewife saves money from household expenses is that saving taxable? How much of the savings can be deposited in the savings account in a financial year without attracting tax. Note housewife has no income source only savings from household expenses upto 30000 a month.

Sir,

My company was a traders of building material and providing health insurance to all employees working in the organization a part of corporate policy. But there is no statutory requirement to compulsorily provide insurance to the employees. Policy was taken from star health insurance and invoice was raised in the name of the company with GST invoices. Whether, my company can avail ITC in respect of the staff's insurance.

Can we claim exemption u/s 54F when the first floor is constructed above the existing house ?

if yes does this require registration as a separate house ?

is there any case law or notification or law which exclusively allows this. ?

request the learned ones to answer this on point

I have purchased a RIICO Commercial Plot in RIICO Auction and paid 18% GST to RIICO on the premium value. Now If I want to re-sell the plot (without any construction), I will have to charge 18% GST on it, will the ITC of GST paid to RIICO be available to me or not on transferring the plot further.