Dear Sir/ Madam,

one of client has running developers business , He sale a flat for Rs 35,00,000 for which he has received Rs 10,00,000 as advance , remaining amount to be paid by purchaser at the time of registration kindly confirm whether my has to pay gst on advance receipt or not , and also confirm its reflection in GSTR-3B , where i have to show , kindly guide me

I have Short term Capital gain on Sale of Debt funds. Can I set it off against short term capital loss on Sale of exbonus shares. Like I purchase cum bonus and sell same quantity ex bonus.For ex. I purchasse 1000 shares cum bonus @ 1500/ and sell 1000 @ 750 ex bonus and book a loss of Rs.750 per share. Can i do this ?

There are two partners in an LLP which had been incorporated in 2018. The LLP had acquired a property (Capital Asset, say Land) in its name.

Now in 2019, two new partners are introduced to LLP and after few months, the old partners retire. Would it amount to transfer of property or not in such a case?

Dear Expert,
As per notification 22/2019 , Rent a cab falls under RCM .
My query is that

1. We are giving bus transportation for pick up and drop to employee. And we recover nominal amount from employee for providing this service. So we have to pay GST on the same to government also after this notification we need to pay RCM on the same.
So if we pay GST at 5% , are we eligible to take GST benefit on the same (after paying RCM).

Please help

I have a joint bank account with Either or Survivor mandate with my married sister (sister by blood). There is about 31 Lakhs in the account (15 lakhs in savings and 16 lakhs in joint FD with either or survivor mandate).
If I die (I am sick), the bank will make my sister the sole SINGLE account holder and she will come to own the 31 lakhs singly.
I have 2 questions in this regard:
1. Will my sister have to pay ANY TAX on the 31 lakhs (principal amount) after my death?
2. If yes, what will be the rate of tax ?

Snehashish

Sir,

As per Indian Standard , Why will separate Accounting Entry of travel Exps & Hotel Accommadation ?

Any Govt Notification as per Indian Accounting Standard. Please Notification No. detail - If available

What is the Impact of separate entry in Tax Matter?

In our manufacturing plant we have hired 700 nos. of labour for manufacturing purpose through labour contractor and for diwali bonus as per the agreement contractor has raised Tax invoice and charged GST. Invoice amount -50 lacs and each labour been paid by Rs.10000.

Whether GST Will be applicable on bonus in this case or not.

Dear Sir,

We are engaged in Proprietory Business of Electronics Goods. We have Purchased one Commerical Shop and gave on Rent that shop .& Shop is in Personal A/C of Priopriteor .we have purchased shop through Loan From HDFC Bank. Bank has Charged us Franking Charges , Processing Charges. We should debit all this in P& L A/C or we should Capitlised Theses Expenses.Pls Suggest us with correct Answer.

Thanks

Can a student passing ipcc group2 wil be eligible for articleship

I'm a salaried employee paying tds u/s 192b. Is that i'm liable for the payment of advance tax if my salary is 200000 p.m