Dear Experts,

If a property is transferred by Husband to wife without consideration and necessary stamp duty is paid and agreement registered, how will this be treated in Income tax? Will there be any minimum consideration to be considered for computing capital gains? Also will this be treated as Gift under Income tax?

Regards,

FOR FY 2020-2021 - TDS SECTION & RATE REQUIRED FOR TDS TO BE DEDUCTED ON HAZARDOUS & WASTE MANAGEMENT SERVICE PROVIDED BY PRIVATE ENTITY ?

ALSO AS I HAVE SEARCHED IN MANY CASE LAWS IT WAS ARGUABLE BETWEEN SECTIONS 194 C & 194 J & MATTER IN CIT (A) & HIGH COURTS FINAL OUTCOME WAS 194C BUT STILL IT REMAINS CONFLICT IN MIND AFTER READING THE CASE LAWS AS THE ALL THE CASE LAWS ARE NOT COMPLETELY CLEAR..

SO WHETHER IS IT ADVISABLE TO GO FOR 194J ON SAFER SIDE SO TO AVOID DISPUTE IN FUTURE ASSESSMENTS

mr a supplies the goods to mr b. mr a is a register person . the bill contain goods and freight charges . but gst charged on goods only, not freight. whether mr b it is liable to pay rcm on freight ? if yes please specify the provision

Dear Experts,
We are buying the material from the Supplier. After manufacturing the product, selling to the same supplier who supplied the raw material. we want to set off the payable with receivable. ITC from purchase from supplier whether eligible or not with 180 days conditions.

Extraction from "Consideration" definition as - in relation to the supply, any payment made or to be made, whether in money or otherwise...............(So on)

Whether can we consider setoff the liability with receivable under payment in otherwise.

Hi,

I am a partner and a director in an LLP. I do NOT derive any salary or interest from the LLP. My sources of income are rental income from more than 1 property ( one of these properties is rented to the LLP), interest from bank, Capital Gains from mutual funds. LLP made loss in FY19-20. What ITR form do I need to file for personal income tax and is there anything I reflect the loss of LLP in my personal ITR ?

Thank You
Raju

I HAVE SOLD A PLOT IN JUNE 2017 HAVE CAPITAL GAIN THAT DEPOSITED WITH BANK OF INDIA IN CAPITAL DEPOSIT ACCOUNT. CAN I PURCHASEN IN JANUARY A FLOOR IN NEW BUILDING AND GET TAX EXEMPTION IN MY ITR 21-22.
IS THERE ANY OPTION OTHERWISE TO EXEMPTION
CAN U SUGGEST ANY EXPERT IN THIS FIELD IN DELHI
HOPE EARLY REPLY

sir
i am raised a po from ahmedabad to delhi to supply me material and i am received goods against that PO From Ahmedabad branch of my supplier and also received invoice against that PO from ahmedabad branch of that supplier but the prob. is that my PO address and invoicing address is differ with eachother so do suggest it is ok to accept the invoice against the PO even though po address and invoice add. is differ or i have to request to supplier to issue invoice from delhi and cancel the ahmedabad barnch invoice bkz both are showing different different gst no.

Whether turnover for Q1 of F.y. 2017-18 will be included in aggregate turnover for checking threshold (100cr/ 500cr) for applicability of E-Invoicing. As specific clarification is issued for GST audits, whether any such clarification issued for E-Invoicing, if yes, please share for the reference.

Thanks in advance.

A composition dealer sales turnover rs:15 lacs in f.y 19-20.
assess sales turnover rs:15lacs profit@8% rs:1,20,000/-.as per sec 44ad

But assess profit decalre @32% rs:4,80,000/- show income tax return in f.y 19-20.
Question:
Assess high value profit decalre future any problem and same profit ratio decalre compulsory next year under i.t.act

we purchased a bus from tata motors through X-finance company is rs.20,00,000. The X-finance company paid the total amount of rs.20,00,000/- to tata motors. After Next month tata motors give a discount of rs.1,00,000/- and deposited into our bank account. so, how to post the ledgers? please