I want to know about finalization accounts like entries

Gst finalization entry

Me and my brother had purchased one flat in Pune- Maharashtra by taking a housing loan in the joint name. The loan is completely repaid and now we want to sell the flat. Before selling, I would like to remove my name as an owner so that my brother can purchase a new residential flat in his name. There is no dispute and I would like to volutarily transfer it in his name.
How we can execute this so that we can pay minimal stamp duty or fees to Govt

Dear All
I have to pay annual professional tax to Assam commercial tax departyment.
Kindly guide how to topay the tax

Thanks and Regards

Panduranga

Hi Experts,
I was doing business as Proprietor for last 1 year and I had bought some assets for business like AC, Furniture etc. and I had availed ITC on purchase of the same.
Now I want to surrender my GSTIN. Thus, please guide on what Value of assets, I have to reverse gst? In other words, how to calculate value of fixed assets as on today for the purpose of reversal of ITC?

Question 1:-
Suppose an assesse has sold out a residential property (long term asset) and invested the full amount of long term capital gain u/s 54 i.e. for purchasing the new residential property.
However, the exemption under section 54 is available in respect of rollover of capital gains arising on transfer of residential house into another residential house. However, to keep a check on misutilisation of this benefit, a restriction is inserted in section 54. The restriction is in the form of prohibition of sale of the new house.
If a taxpayer purchases/constructs a house and claims exemption under section 54 and then transfers the new house within a period of 3 years from the date of its acquisition/completion of construction, then the benefit granted under section 54 will be withdrawn.
Suppose the assesse has sold out the new residential property within a period of 3 years from the date of its acquisition which was purchased u/s 54 within a period of 3 years from the date of its acquisition to save the long term capital gain tax on transfer of long term capital asset.
So as per section 54 of the income tax act the tax benefit granted u/s 54 will be withdrawn, but what if the assesse does not harm the main objective of inserting the restriction u/s 54 i.e. the misutilisation of this benefit and reinvest the sale proceeds or gain arising from the sale of new residential property purchased u/s 54 for purchasing another new residential property. Whether than also the benefit granted u/s 54 will be withdrawn?

Question 2:-
If answer to the above question is yes i.e. the benefit u/s 54 will be withdrawn than whether their is any other way by which the capital gain arising from the sale of new residential property purchased u/s 54 and sold within a period of 3 years from the date of its acquisition can be saved from tax implications?

Regards,
Shruti Agarwal

A INDIAN COMPANY HAS RENTED A OFFICE PLACE ABROAD IN KENYA , THE RENT IS TO BE REMITTED FROM ACCOUNT IN INDIA , FORM 15CB IS REQUIRED FOR THE REMITTANCE . THE HOUSEOWNER WANTS THE REMITTANCE TO BE MADE TO HIS ACCOUNT IN FRANCE , INDIA HAS DTAA WITH BOTH COUNTRIES

QUERY
1 TDS LIABILITY ON THE RENT TO BE REMITTED
2 CAN WE REMIT TO FRANCE AS THE PROPERTY IS SITUATED IN KENYA
3 WHICH DTAA NEEDS TO BE STUDIED FOR ISSUE OF FROM 15CB

MY INTERPRETATIONS
NO TDS WOULD BE APPLICABLE SINCE THE INCOME ACCRUES OUTSIDE AS THE PROPERTY SITUATED OUTSIDE INDIA
ALSO WE CAN REMIT TO FRANCE ONLY IF THE HOUSEOWNER IS TAX RESIDENT OF FRANCE

If I purchased the horse in my personal effect and later on I transferred the same to my partnership firm at fmv and in such case i had a gain of rs 1000000 .whether tha gain will be taxable in my hand.

As the the movable asset in the nature of personal effect is not a capital asset and ifos says that any income which is not taxable under any head is taxable under ifos but personal asset is included in capital gain then whether the same will not be taxable in my hand?

Is there any restriction in claiming ITC on staff health insurance

Dear Experts! We do provide outdoor catering service .
inclusive meal and only service! Pls let me know the HSN code and GST rate of both the variant, in 2023 GST rate 5% ya 18%

Regarding GST registration Re-opened after GSTR-10 filed ?

If yes can tell us the process.