Hello all
Pl tell the accounting entry for adjustment of floor sale to the builder in collaboration in the Books of owner of the property.
Kindly reply.
Regards.

WHAT IS TAX IMPLICATIONS IF DAUGHTER IN LAW GIFTS SHARES TO HER FATHER IN LAW ?

WHETHER TAX WILL BE IMPOSED ON DIFFERENCE OF PURCHASE PRICE AND TRANSFER PRICE TO DAUGHTER IN LAW ? OR TAX WILL BE FULLY CHARGED TO FATHER IN LAW WHEN HE WILL SELL THE SHARES ?

An individual gets PF withdrawn amount of Rs. 70000. TDS deducted u/s 192 @ 10%. There is no breakup of employer and employee contribution so he is reporting the entire amount as taxable.

While filing Income Tax Return, income reported under salary. The form is deducting standard deduction of Rs. 50,000 from it. Whether this will be applicable in his case?

what is the GST % on exporting non basmati rice from india?

I am a merchant, I am trading between manufacturer to buyer.
What are the taxes applicable on exporting non basmati rice exclude gst? and its %?
what is the custom duty on exporting nonbasmati rice?

please guide

My wife is working in Apollo Hospital. She was a DNB (Doing Masters) here from April 19 to October 19. Then after completion course she joined here as Employee in Dec-19. During April 19 to Oct-19 she was getting stipend and from Dec-19 to March-20 she got salary. During ITR filing April-19 to Oct-19 is considered as 194J being professional fee and Dec-19 to March-20 is considered as 192 being Salary. So please guide me how to file ITR as 192 and 194J is coming in same assessment year. I have to file ITR in ITR-1 or ITR-4.

please give me gst rate for cream roll

Respected Sir,

As under which section of income tax lapsed gst claim is allowable in Profit & Loss Account ?
Please guide me & oblige.

My sister's daughter is working abroad and got her account changed to NRO and power of attorney was given to her widow mother who is staying in India.
My sister was not aware of her daughter's NRI status and keep filing her daughter's itr through Form-1 and got refunds also on the interest deducted on her NRO account . Her daughter didn't stay in India for more than 30 days in any financial year since last 4 years.
What is to be done to rectify this error? Please advice.

A Became owner of property in April 1996
A died 14.01.2018 living behind legal heir wife two sons and daughter
Both sons and daughter Relinquished their rights in favour of mother on 30.01.2018.
Therefor mother become sole and absolute owner of the property.
Mother sold the Property on 10.09.2020
Question? Whether it’s a long-term capital gain or short-term capital gain

R/sir,
As of now,GST Regime has several amendments but now this time gov. has given bracket to claim ITC from NOV.20. Actually a little confusion raise in my mind while i m trying to file GSTR-3B. The problem is simple as many taxpayers facing like me.

One of Client is trading in Electronics goods he purchase 7 lakh rs. goods @18 & @12% , ITC almost generated 126000 in rs. in Nov.20 month and he made sale around 6 lakh rs. @18% calculate in Rs. 108000. Its a one part of the story. By Nov.20 month auto-populated or system generated GSTR-2B showing total ITC only 40000/-Rs. till 17/12/2020.
Now tell me how could i set off my (108000 - 40000)= 68000 liabilities in such case.?

thank you so much sir