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Rithik Anchalia
27 September 2022 at 00:51

Termination form 109 Rejection

Dear Sir,
My CA terminated my articleship but at the time of uploading form 109 he uploaded wrong document which is not form 109.
Now I want to know till when my termination will be rejected.
Will it get approved or not....?
Please let me know because it's too urgent and I don't know anything about it.

Thank in advance


Shrikant V

I intend to purchase a flat in a high rise building. The building construction is expected to take 5 years. 30% of amount is payable upfront. 70% of amount is payable after 5 years at the time of taking possession. I will be raising funds for initial 30% by selling equity shares and equity mutual funds on which I will be accruing LTCG. I will investing total consideration from sale of equity shares and equity mutual funds for initial 30% payment towards the said flat within a period of 2 months of accruing LTCG and intend to claim capital gains tax exemption under section 54F in the current FY. After 5 years, for the payment of balance 70% of amount at the time of taking possession, I will be selling my current residential flat after 5 years and invest the total consideration for purchase of the new flat within 3 or 6 months of sale of current residential flat. I will be accruing LTCG on sale of current residential flat after 5 years. In the 5 year hence FY, I intend to claim capital gains tax exemption under section 54. My question is arising from the fact that, since the building will take 5 years to construct and then become ready for possession, can I claim capital gains tax exemption under section 54F in current FY for initial 30% payment and also for the balance 70% payment under section 54 in five years hence FY?


VIKAS KUMAR SHARMA

AY 2022-23 DEMAND NOTICE RAISED BY DEPTT. BUT DEMAND PAID AGAINST SELF ASSESMENT TAX HEAD (300)
WHAT TO DO ? PLEASE SUGGEST


ankit
26 September 2022 at 16:38

ITC Claim on Sales Promotion Item Purchase

Hello Sir,

Can I Claim ITC on purchase, which is purchase for sales promotion exp.


RUCHI SHARMA
26 September 2022 at 15:58

Capital Gain from House Property

Hello Sir/Madam,
My father-in-law had constructed house property in 1990, which my husband received through WILL this year (2022) after his sad demise.
My husband gifted this property to me, if I SELL this property within a year; what will be considered as Acquisition Date (1990 or 2022) for capital gain calculation? Will it be LONG TERM CAPITAL GAIN or SHORT TERM CAPITAL GAIN ?


G Prathiba

Dear Sir/Madam,

1. To Whom the Marginal relief is applicable?
2. Is it applicable to senior citizen and non resident person?

Please, reply.

Thank you.


SARATH KURIAN

Dear Sir/Madam,

We started a new private limited company. We also transfer few employees from partnership company to new private Ltd co. But both are different entities. May I know the legal compliance of  both GST and Income Tax issues regarding this transfer.


Thanks & regards

CMA.Sarath Kurian


CA Shailesh Urdhwareshe

A fir had four partners. One died and the other three decied to continue the firm with revised sharing ratio. Is there any capital gain attraction? there is a commercial building registered in the name of the firm


azad bhalla

Hello everyone
I want to know that whether TDS is deductible for an amount paid to a Examination Conducting Agency (i.e. Private Agency conducting exams in Schools and declares ranking of the student / Science Olympiad Exam) The amount paid on the basis per student @125/- and total amount is more than 2.0 lacs.

The agency will provide OMR Sheets and question papers and will declare result and issue certificates.

As per my knowledge TDS u/s 194J should be deducted.

Please advise.


Bhumit
26 September 2022 at 12:04

EWAY BILL PART B

I have to sell some copper parts, which values are 1-2 Lac & They will be transported by private car. So, During EWAY, what should mention in PART-B, Private Car Number? Is it acceptable?







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