Santhosh
07 February 2018 at 23:21
Hi, Me and my wife jointly owned a apartment and sold it around a year back. 2/3 of the amount from selling was paid towards the outstanding home loan and for the remaining 1/3 amount I am yet to make any tax payment. We planned to buy a residential plot with the gain i.e. 1/3 gain, and I would like to register this plot in my wife's name. If so, will I still need to pay the income tax towards the gain from the apartment? Or should we register the property jointly in both our names
Partha Chattopadhyay
05 February 2018 at 19:58
Please clarify whether a senior citizen is required to opt either 80TTA or 80TTB to get relief of Rs 50,000 but not both.
Aditya Falor
05 February 2018 at 07:15
One of my client has sold goods to dealer from Maharashtra Kerala in FY 2013 - 14 against Form C. However, the C Form received from the kerala customer is on monthly basis instead of quarterly. Is there any circular in kerala allowing to issue Forms on monthly basis as against quarterly.
Thanks,
Aditya Falor
Anonymous
04 February 2018 at 11:15
dear sir,
My query regarding TRNS2.ITC
That we have filled TRANS1 with closing stock about 200 mt (5 items-HSN/goods) within the due date,
“As the rule prescribe to ensure that all the HSN/goods are declared in TRAN 2, in the opening balance in the month of July, 2017, irrespective of the fact that these have been sold or not in the first i.e. July, 2017 tax period.”
By mistake at the time of filling TRNS2 for july17 out of five items HSN/goods (200mt) only one item 50 mt HSN/goods that was sold during the month of july was taken as opening bal and rest four items HSN/goods was not shown in op bal in the month of july, which was sold during the period july17 to Dec17
So please suggest the way how claiming ITC on the remaining 4 items HSN/goods that was also sold during july to dec.
KD
02 February 2018 at 15:43
Compensation paid for damages caused to premises by the tenant. Does it fall under income?
Anonymous
01 February 2018 at 15:23
I am running a garment factory exporting garments to US and Europe. I buy materials after paying GST. Being an exporter I get duty drawback benefit only. I have rental income for which I collect GST from my tenant. Should I pay the GST collected to the Govt or can I adjust the same against the input credit. I have only once GST number for both activities.Please give your valuable advise. Thanks
T.N.REDDY
27 January 2018 at 15:23
Dear Sir,
Tran-2 is to be filed only in the case where deemed credit is asked for in Tran1, but not for the credit that is asked through the excise invoices, in trans-1. Whether my understanding is correct ?
T.N.REDDY
27 January 2018 at 15:20
Dear Sir,
Now, Govt. of India has made mandatory that every assessee should link his/her PAN with AAdhaar. But NRI's does not possess the Aadhaar, in that case, what to do ?. Whether Govt.Of India, has prescribed any other procedure for such category of assessee's
T.N.REDDY
27 January 2018 at 15:16
Dear Sir,
We have deducted the TDS from the foreign entity which does not have the PAN. Now, we have to file the eTDS returns, but without PAN of the deductee, we can not file the eTDS returns, hence kindly let us know as to is there any other procedure laid down under the Act, in this regard.
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Charge 18% GST By Mr. Brown.
Today I purchased a cake worth Rs.444.92 and Mr. Brown charged me SGST 9% and CGST 9%. As far as I concerned now GST on food items is only 5%. Plz tell me do they charged me the correct GST i.e. 18%.