Displaying all posts within 1 days


shashi kiran
30 January 2025 at 18:53
Posted On : 30 January 2025

Capital gain on commercial building

Hi,
Mr.X wants to sell his commercial property and wanted to buy residential one, he doesn't have more than 1 residential property.
He is selling old for Rs.75L and the cost of new residential plot is only Rs.50 L., so can he use the balance amount for the construction which will take another 6 months and claim the total sale proceed for capital gain deduction.
Further he has 2 sons, A and B.. so can he purchase the new property in joint name of all 3, without any contribution of Funds from his sons.
What would be the tax impact
Please clarify

Nikhil Kaushik
30 January 2025 at 18:46
Posted On : 30 January 2025
In Reply To :

GSTR 9 not file

please read the notification once again and do tell me if it really includes waiver for GSTR-9 or just 9C?

Chetan
30 January 2025 at 18:16
Posted On : 30 January 2025

Conversion of Public Company into Private Company on MCA

Dear Professional Colleagues, I needed guidance on one particular issue regarding conversion of Public company into Private company. We are converting public company into private company. We have complied with the required compliances such as advertisements, filing of MGT-14, sending notices to the creditors etc. We have submitted application to the Hon.Regional Director also. However query is generated regarding sending proof of notices to the creditors. My question is whether we have to submit actual notices sent all the creditors on letter head of company or only acknowledgements of register A.D. are sufficient because there will be much volume of all the notices sent to the creditors.

Dhirajlal Rambhia
30 January 2025 at 16:32
Posted On : 30 January 2025
In Reply To :

Clubbing of Wife's Income from FD Investments

File the return of wife without the interest income. Declare the TDS deducted as that belonging to her husband.

Praveen
30 January 2025 at 16:15
Posted On : 30 January 2025

Composition scheme annual return Gstr-4

One of my friend has changed auditor two time so he has not filed Gstr-4 annual return under composition scheme whether it is compulsory to do and he has not filed for 5 consecutive years what is the solution without paying penalty


 



 

VIKAS KUMAR SHARMA
30 January 2025 at 15:55
Posted On : 30 January 2025
In Reply To :

Can apply for gst registration on residential

Ok sir
should be tag gsp photos of place of business and banner outside is compulsory?

Adv SHARAD SURYAWANSHI
30 January 2025 at 14:59
Posted On : 30 January 2025
In Reply To :

GSTR 9 not file

Nikhil Sir as per notification No 8/2025 dt 23.01.2025, no late fee required to file GSTR 9 from the year 2017-2018 to 2022-2023

sameer joshi
30 January 2025 at 14:51
Posted On : 30 January 2025
In Reply To :

Clubbing of Wife's Income from FD Investments

Thanks for the reply.
How to file wife's return. Should she file nill return? How to show interest income in wife's ITR?

Nikhil Kaushik
30 January 2025 at 14:44
Posted On : 30 January 2025
In Reply To :

Dr. and cr. balance on 31st March

1. depends on the terms set out the loan agreement.

2. Please do go through basic accounting concept. I really suggest this to any one very basic questions about the nature of income/expenses/asset/liability. If are not clear about such basics, avoid doing anything beyond them.

Nikhil Kaushik
30 January 2025 at 14:38
Posted On : 30 January 2025
In Reply To :

Regarding transfer of Mutual Fund to Charitable Trust Account

does it come with the condition that you need to continue holding the portfolio as is?

CA R SEETHARAMAN
30 January 2025 at 14:32
Posted On : 30 January 2025
In Reply To :

GST REGISTARTION FOR EVENT MANAGEMENT

Register in the state and take local GST.
Request to charge igst to claim ITC without registration in the state.

Nikhil Kaushik
30 January 2025 at 14:27
Posted On : 30 January 2025
In Reply To :

TAN-Proprietor

only if your turnover crosses the tax audit limit, you would be required to deduct TDS under 194J

Nikhil Kaushik
30 January 2025 at 14:18
Posted On : 30 January 2025
In Reply To :

GSTR 9 not file

need to file with late fees.

Nikhil Kaushik
30 January 2025 at 14:15
Posted On : 30 January 2025
In Reply To :

I need ITAT appeal drafting services

Hi Deepak.

You can contact me on DM. Happy to collaborate on this.

Dhirajlal Rambhia
30 January 2025 at 14:10
Posted On : 30 January 2025
In Reply To :

DOWNLOAD OFFULL ITR FORM FILED FOR A.Y. 2024-25

If the link is not available in download section after 6 to 8 hours, you may retry it. If the problem persists, better call helpline.