123456
30 June 2020 at 19:58

Propterty Tax

Sir
I have a property at Lakdikapul Hyderabad. I want to know how much capital gain tax is applicable on this property. these are the details. kindly update me

Date of Purchase 22nd November, 1999
purchase price: Rs.2,60,000
sale price : 22,00,000
planning to sell in a week.
Thank you,


MOHD SHAHID
30 June 2020 at 19:39

A Y 2017-18

Pl suggest how can acknowledgement or ITR form for AY 2017-18 cab be downloaded from incometax website, if return is submitted in Local income tax Office.


Amit
30 June 2020 at 19:19

Consolidation of financial Statement

1. If the Holding Private Limited Company inot mandatorily required to folllow Ind AS for standalone and Consolidated Financial Statement ?

2. If The Consolidated Financial statements are required to be prepared on line by line basis ?
3. As per last page of Division I of Schedule III of The companies Act 2013 in table under General Instructions for the preparation of CFS it is required to mention Minority Interst (Investment as per Equity Method). What is this Equity Method ?


Pranali Bhandari
30 June 2020 at 18:49

PTEC CHALLAN CORRECTION

Hello Everyone,

By mistakenly selected wrong period on PTEC challan, kindly advice how to re correct the same.

Thanks


nazneen k
30 June 2020 at 17:26

Tax

One of my friend stayed last year In F.Y. 2019-20 for 110 days.the she got a a job and left india on 15 July 2019 first time employed outside India from the company in which she was working earlier in india.The company send her and she is getting salary from that company in NRI account outside India.and she is paying tax of that country. and has not come here yet. she sends money to india sometimes.what would be his residential status for A.Y.20-21.And will his return be filed under NRI or Resident but ordinary resident.and what about his salary taxed there.Does she have to file return compulsorily for working in india or income earned outside india.


Pawan
30 June 2020 at 15:21

Itc availability

Mr. X is registered in Delhi and got a manpower supply contract in Maharashtra from Y. He subcontract the contract to Mr. Z of Uttra Pradesh. Now Mr. X will raise the Invoice to Y. He will receive the invoice from Z for the services. Weather Mr. X is liable to take ITC in this case.


jaspreet
30 June 2020 at 14:46

Head of income

I have a query regarding the income earned by a junior resident doctor during their MD/DNB course of post graduation.I wanted to know whether their income be taxable or not.If taxable then in which head of income it is required to be shown.No Tds is deducted by the hospital where he is doing his post graduation.His income is Rs 600000. Thanks in advance.. Please respond as soon as possible.


Deepak Rawat

Dear Sir/Mam,
Please clear below mentioned points:-
1). Is there any threshold limit on short term capital gain on shares ?
2). Can we claim any expenses like brokerage, SEBi Charges, STT, Stamp duty against this short Term Gain / Loss under cost of acquisition ?
3). Is method to calculate of short term capital gain is same for all natures of short term capital gain like Gain from Shares, gain from sale of property ? I heard that cost of acquisition and other expenses are allowed only on sale of property.

Please guide.


CHUDASAMA PRUTHVIRAJSINH R
30 June 2020 at 13:18

Required GST registration

1. Assessee's FY_18-19 Total receipt is 22 lac .(required registration in fy 19-20_after completion of fy)
2. FY_19-20 total receipt is less than 40lac.(govt. Extend threshold limit from 20lac to 40 lac. )

As per govt notification for extend limit from 20 lac to 40 lac in fy19-20.

Whether assesee required GST registration In FY_20-21.


Amandeep Singh
30 June 2020 at 12:44

Insurance premium refund

Dear Sir

In the month of March WE have paid Insurance premium but due to some issue we have cancelled the same in march month. but now in this month june we have received insurance premium refund after deduted Rs.981/- Please suggest entry in the books of account.





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