HI there,
If a person holds two separate residential units at one place converts into one unit (e.g.200 & 201) and at another place one more unit (e.g. 50) and subsequently sold the unit no.50 and invested the amount to purchase one residential plot from the proceeds, please confirm the amount of capital gain u/s.54 will be exempt or not.

Following conditions should be satisfied to claim the benefit of section 54.

The benefit of section 54 is available only to an individual or HUF.

The asset transferred should be a long-term capital asset, being a residential house
property.
Within a period of one year before or two years after the date of transfer of old
house, the taxpayer should acquire another residential house or should construct a
residential house within a period of three years from the date of transfer of the old
house.

Tax payer should not own more than on residential house on the date of transfer.

Dear sir, by mistake i have upload purchase invoice in gstr-1and filed please advice how to correct this mistake?
with thanks

One of my client has 3 house properties. One property has been purchased in April 2022. How will be the deemed rent income on the third property be calculated, on the basis of the municipal rateable value or on the purchase price of the property paid in April 2022 .

Hello, for our Federal Bank account, we got an error while prevalidating it on IT portal. Our PAN, A/C number, mobile, email id, IFSC are all as same with Bank records and in e-filing profile. but the system fails the validation stating "PAN Bank Account IFSC Linkage Failed" . But our Bankers are saying that they have not received any pre-validation request for our account from IT Portal .
Is there any solution for this? Please give your suggestion.

Sir,

I am trader, purchase machinery of Rs 15 lac inclusive gst on 2020 .
Now i want to sell the machinery at same price , whether i have to pay gst.
As machinery already got depreciated.
Please advice

A director of a private limited company, getting Rs-0/- Salary/Remuneration taken on previous year. can I eligible for pay Rs- 2500/- Professional Tax.
i am Non working director in Pvt Ltd company.
Professional Tax is Compulsory for Director Working or Non Working case.

how to retrieve icegate id

Whether delay of submission of return can be condoned to avoid disallowances u/s 143(a)(v) of the IT Act

Sea going vessel comes under agency of the assessee. Port dues etc are paid to port authorities.

Assessee is registered in State of Maharashtra

My question is when vessel comes in Port outside Maharashtra IGST will be applicable or CGST & SGST

if builder has only one project and has used money for it more than realisation from customer, can we give form 5 certificate stating funds are used for project?

my view--.no ca cant give clean certificate, because, although customer realisations hvae been so less that they can be said for project but in same bank , because, borrowings (funds coming in) are so huge, the bank's outflow includes personal use of funds also, not just for project.

just any view is invited,