Dear sir,
We have sold Land and Building of a factory on building we were claiming depreciation. The Factory is closed Since 2008. WDV of the Building as on 31/03/2008 was Rs 5 Lacs. Now the Problem is the registry does not contain bifurcation of Land and Building. Can we arrange for Valuation of the Building and take it as its sale consideration and balance for Land. Or We have to Take RIICO DLC rate for land and balance for Building.

We have to make daily cash payment as of Rs 5,000 to one our supplier. Please let me know the slab of revenue stamp and how much payment can be made in cash to a single person during the whole year.

I went to the Abu Dhabi office of my company ( Head office at Delhi ) in July 2019. I returned temporarily in Jan. 2021 and joined Delhi office. I spent 83 days in India in the FY 2020-21. Now, again I will be going back to Abudhabi office ( under same visa ) in June 2021 for a short period.

Will my trip to India in Jan.2021 be considered as a visit ?
The year of return in this case will be FY 2020-21 or FY 2021-22 ?
If so , my residential status for FY 2020-21 be considered as NRI ?

Dear Sir,
If a Banquet hall owner opts for composition then what what would be composition rate for following activity -
1. Provided only building for marriage and other functions.
2. Provided building and catering service.

One of my supplier has uploaded invoices in GSTR1(July-Sep 2019) and submitted but did not filed that return ,the same was showing in my GSTR2A and ITC of same was also availed by me at that time .
Supplier have filed all later and previous GSTR3B and GSTR1 returns till date but missed filing for this quarter only .
Due to this I was having ITC difference in column 8 of my annual return 2019-20.
He finally filed SEP,2019 GSTR1 in MARCH,2021 after me filing annual return in Feb,2021. Will I be allowed to keep the ITC I have availed ? or do I have to reverse it along with interest ?
I haven't received any notice from GST regarding the payment of difference in ITC yet.

Govt. work completed under Agreement in 2014. Some disputes arose. Sought Arbitration for preferred claims. Arbitration Award which includes interest payment announced in 2018 after GST in force. 12% GST on works contract payment.
Whether GST applicable to the award amount, including interest ? Who is to pay the GST , govt.? If yes, When will GST amount become due to be deposited , I hope after receipt of the amount from Govt. as award is liable to be challenged in various stages till Apex Court?

suppose in a search, an undisclosed investments and money were found.
department charged penalty @60% of amount because no explanation was received.
also imposed tax u/s 115bbe @78% (60%+25%+4% cess).

is it correct as per law?
because total of tax+penalty is more than the income.

TDS deducted for 1st holder PAN. Whereas the bank FD is owned equally by both 1st and 2nd holder. Both holders has filed ITR with 50% interest income each from FD. If entire TDS is deducted for 1st holder PAN then how 2nd holder will get refund of his TDS. Kindly advice.

Hi Everyone,
Kindly share the check list and draft Report of Third party audit of PF Trust .

ThanQs in advance.

hello, in my proprietorship business (services) to some employees I allow to get stuff from Fashion, Apparel, etc. websites basically as gifts for their good performance. Payments are made directly from Current Account and bill with app/website is in business name.

Is that considered as business expense and can be shown that way? please help.