Hello , my father has a house property which was purchased 3 years back
Now if part of the property is sold, can I claim sec 54/54f exemption ?
And we have no other property at anywhere.

whether the gain on sale of agriculture land situated in rural area is taxable when no crops were grown there on

if someone bought a land in FY 2012 and sold it in FY 2014 arising capital gain. he has been constructing his another residential property since 2012 to 2015,which he bought inFY Oct 2012. Can he claim exemption for expense over construction which belong to the duration before the date of sale of old asset I.e. FY 2014.

what will be the consequence in case of person OTHER THAN COMPANY who is failure to get the books of accounts audited within the time specified u/s 44AB but get audited later on and submit the same to AO along with ROI for the relevant AY. Is the penalty under section 271B is levieable.
please advice me with concerned court rulling, if any.

Regards
Pankaj Soni
CA Final Student

Dear sir

I want some information if someone did some business through saving account that turn over more than 1.5 cr. and he ready pay tax according act 44AD 8% of total turn over then he get any quires or if any get penalty for tax payer
Please guide me

Dear all

A trust Register Under 12AA and received total donation 51 Lakh( 48 General Donation +3 Anonymous Donation & Trust Sale of building 30 Lakh and capital gain arise 13 Lakh. Cost of Building 17 Lakh.
1. which amount included in 85% Limit?

Please provide Suggest answer

Whether the vehicle (Motor van) purchased in the name of owner /proprietor (not in the name of proprietorship business ) can be shown as an asset in the Balance sheet of his proprietorship business ?

Notes:
vehicle (Motor van) is currently using for proprietorship business.

Respected experts, I am very confusing about this, A partner contributed capital Rs.13,00,000/- in the beginning of the partnership firm but at the end of the year showing Rs.17,55,000/- debit balance in his capital ledger due to more withdrawals than contributed. what should i do now? Please tell me...What are the income tax rules on this?

One of my Govt. Deductor deposited all three challans in wrong head under 400 instead of 200 in Q2 of F.Y. 2017-18. Now defaults has been generated for one challan while downloading jurisdiction report.In that report they have shown as short deduction and notice sent to us. So now what is remedy ??? Kindly Guide


Thanks in Advance

Hi Everyone..

Please suggest TDS implication on payment made to Indian branch of foreign reinsurance company.

Our understanding in respect of TDS implication on payment made to Indian branch of foreign reinsurance company.

1. Since Reinsurance branches are treated non-resident entities for Indian tax purposes and in the absence of lower/nil TDS certificates, all the payments which are received by the reinsurance branches would be subject to withholding at 40% (plus applicable surcharge and education cess). And need to file 15CA & 15CB certificate

2. Where lower TDS certificate is provided u/s 197(1), TDS should be deducted accordingly as per that certificate and No need to file 15CA & 15CB certificates. as the rate is already decided by Income tax officer u/s 197(1), so no need to take opinion from CA about TAX rate.


We have obtain lower TDS certificate u/s 197(1) from that company, Please suggest we have to file 15CA / 15CB certificate for the above payment or not.

Ankit Patel
Mo. No. - 8691908859