Dear Sir / Madam, After GST implementation in India, please let us know the taxation details along with percentage values on basic purchase amount. thanking you & Best Regards,

Dear Sir/madam,

I have sold my flat in jul17 for 52 lakh, the total cost of the flat was 39 lakh, i got the possession an year back, however i booked the flat in 2010 and its was delayed at builder end and finally i got it in 2017, please let me know how the tax is calculated for it, will it fall under short term capital gain, but in that case will cost of acquisition apply as per my payments year on year from 2010 to 2017, so though i paid 39 lakh the cost of acquisition will be much higher.
How are what are my options to invest if i want to save tax.

Thanks

I need ur opinion and suggestion in this regard: The assessee manufactures taxable product under GST, has 5 branches within the same state. ( all factory and branches in the same state) In this regard, I would like to know, whether the factory is liable to pay GST on goods cleared to branches.? Incase if factory is to pay gst on supply to branches, it will be like the same person paying and claiming ITC on the same. This amounts to liquid cash being freezed on stock in hand( gst) The business being very small in size, what is the most effective system to follow? Kindly advice

what is the procedure of closing current account and do we eligible to withdraw the money deposited while opening the account since opening of account we have not made any transaction from such account which we want to close. is litigation will arise ??

please guide about the above query,

Can a registered partnership firm be a partner of another partnership firm??

Apart Form filling Form 109, do we need to write I plain paper regarding transfer of articles if transfer is taken before one year? Please suggest me urgent

sir
actually we have a society . and recently we have taken on school under this society. now we want to open account to that school . actually our society have account with axis bank.here my doubt is
1.can we open school account in the name of school with other bank?
2.does we require another pan no for school other than society pan no. to open bank account for school?
3.can we open another accounts with other banks?

Hello experts,

Can a resident individual own 100% shares of a C corporation US based LLC without formalities of ODI?

The individual won't remit a single dollar but would receive money in the capacity as professional for providing services to this LLC owned by him.

Best regards
Shikha

BEING AN EXPORTER MANUFACTURED GOODS AND EXPORTED TO A FOREIGN COUNTRY AND RECEIVED PAYMENTS THROUGH BUYING AGENT FOR EXAMPLE RS.95/- AND INVOICE PREPARED BY THE BUYING AGENT (SUPPLIER) TO THE IMPORTER FOR BANK PURPOSE. WITH REGARD TO SHIPPING BILL, CUSTOMS CLEARANCE AND DUTYDRAW BACK ARE RECEIVED BY THE MANUFACTURER EXPORTER AGAINST RS.95/-THE SUPPLIER ( BUYING AGENT ) PREPARE BILLS FOR RS.100/- AND RECEIVES PAYMENT THROUGH BANK RS.100/-IN THE NAME OF NOSTRO BANK A/C AND THE BANK TRANSFERS RS.95/- TO THE EXPORTER-MANUFACTURER AND TRANSFERS RS.5/- TO THE SUPPLIER ( BUYING AGENT)
KINDLY CLARIFY THE IMPACT UNDER GST ACT , SINCE INVOICE PREPARED BY THE BUYING AGENT AND PROCESS THE PAYMENT AND RECEIVES RS.5/- ONLY IN HIS FOREIGN INWARD REMITTANCE A/C. THE BANKER SAYS ALL THE PROCEEDINGS ARE AS PER RBI NORMS. KINDLYCLARIFY THE IMPACT OFRS. 5/-AS COMMISSION AND FUTURE CONSEQUENCES FOR BILLING RS.100/- TO THE IMPORTER.
WITH REGARDS
CA.P.SHANGAR

I had a cc limit in HDFC BANK LTD at Ludhiana of 185lakh. I take over my limit to Indus ind bank on 16/06/2017 and Indus ind bank paid all otstandings of HDFC Bank. I deposited interest on outstanding from my own source and requested Hdfc relationship manager for closure of limit and issuance of no dues certificate. Hdfc bank is demanding 2% takeover charges by saying that it's been mentioned in MFA and Sanction letter. Sanction letter says that Borrower is liable to be charged takeover charges of 2% in case limit is taken over by other bank during tenor of loan . In my case tenor expired on 15/06/17 and moreover i refused renewal one month in advance by writing to my relationship manager. Now they are consistently demanding charges and not issuing ndc. Pl suggest what to do. Are charges applicable in case of take over of exposure even after expiry of limit.