Sir,
A Doctor maintained two hospitals two different places in individual status.but 2nd hospital conversation partner ship firm create another two new partners(doctors) introduced accepted in it act
Question:
A Doctor two hospitals maintained own or 2nd hospital create partner ship firm benefit.
list of accounts to be submitted by builder to society.
Also are original bills for purchases made for society to be society ?
Are the challans for statutory payments made to be handed over to society?
Sir,
It assessee (doctor) purchase of site value rs:30 lacs and new construction started hospital building purpose.
Question:
1.loan repayment interest amount business expenses treatment or hospital construction account transfer correct procedure
2.hospital land and hospital construction
expenses account including two seperated accounts or single account maintained.
3.example selling of hospital capital gains applicable on (hospital land and hospital construction both calculated )
Dear Expert ! My client purchased aguriculture land in 2005 and sold in Oct. 2013 and aguriculture product, say rice was used by him for own family. As per census 2011 , population of village is 1400 having panchayat and village is far war away from municipal board about 28 km arially of which population of was about 66000 as per 2011 cenusu, he has claimed it is not a capital assets and cannot be taxed. is it correct ? pl advise.
sir if there r sales returns where sales is done in the previous month and returns in the current month and while filling gstr1 if the sales return made is more than the sales made, can v show negative value in gstr 1?
Dear Experts
Assesee, a salaried individual planning to sell her old house property. It was cosntructed in the year 2002 for Rs 10 lakhs. But no proof is availablw with her now. How to arrive at the cost for computation of capital gains. Can we obtain a valuation certifcate from an income tax approved valuer for Rs 10 lakhs?
In both these cases referred to below, 143(1) intimation has been received granting a refund and the bank account details are showing as verified in IT portal...
However the refund is not getting credited for last 2 months. whom should I follow up with.. do not know if the reason is mismatch of name of the assessee and the bank account holder's name ... the names of the assessee and the bank account holder name are different because I am
a) karta of HUF in one case
b) legal heir in another case
Hello,
I own 90% shares in a pvt ltd company, the other 10% is with my brother. We have just been made an acquisition offer. Now:
- Should we sell the company to the acquirer?
OR
- Should we just sell the intellectual property as individuals? This is possible as the IP is in our personal ownership, although we can change ownership to company if that is more beneficial from the tax point-of-view. It's a digital asset so changing the owner name is no big deal at all. Acquirer is interested in the digital asset only, so they are fine either way.
OR
- Should we sell our shares in the pvt ltd company to the acquirer? We have owned the 90% / 10% shares in this pvt ltd company since inception (10+ years). Would this come under long-term capital gains?
Thank you very very much
What will be the tax implications of each? Please provide percentages for each, and which will be best for us.
A sole propriership organization, in the business of manufacturing and exporting goods sends the goods for export through merchandisers to the ultimate foreign buyer and pays the freight directly to the merchandiser ( e.g. $1000)
The same freight ( e.g. $1000) component is utimately billed to the buyer seperately through a reimbursement invoice later on for reimbursement
1. Whether GST is applicable on the reimbursement invoice sent to the buyer ?
2. What is the accounting treatment of the same in the books of the exporter
I have received inherited residential flat of my father which was purchased at approx Rs. 18000 (Eighteen Thousand) in 1980 in mumbai, area 265 sqft. In 2006 the extension work was done on existing structure of the building and each flat in building got extended by 110 sqft. admeasuring total area of 375 sqft. I have transferred 50% share of my flat on my wife's name and now we are joint holders. If I sell the flat for 37 Lakhs in April 2022 how much tax will be calculated on sale of this property. Request you to kindly guide.
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2nd hospital maintained individual or partner ship firm benefit in it act