My father purchased land in 1999-2000 for Rs 1,20,000 with agreement to sale. He constructed a house spending approx. 4-5 lacs (but no bills as a proof). There was an agreement finally in 2017-18, where agreement was done, stamp duty of approx Rs 3,00,000 paid on then current value of 42,00,000 (calculated by govt approved valuer)
My father passed away in 2018-19 and my mother inherited the property. She sold the house in 2019-20 for Rs 45,00,000.
Probably, my mother is liable for Capital gain tax, but not sure how the indexed cost of acquisition will be calculated considering no proof for the cost incurred for construction at that time is available. Please help.

which is the coloum for input of 2017-18 but availed in 2018-19 in annual return of 2017-18
point no. 8C or point no. 13 or both

GTA (WHO HAS NOT TAKEN INPUT) PROVIDE SERVICE TO UNREGISTERED PERSON
WHAT IS THE TAX RATE FOR THAT TRANSACTION AFTER The Government cancelled Notification No. 32/2017- Central Tax (Rate) dated 13th October, 2017

A PERSON IS ENGAGED IN TRADING OF SAND AND GRIT, HE ALSO DOING WORK OF TRANSPORTATION.
HE IS PURCHASE OF TRANSPORT VEHICLE WHICH IS USED IN HIS OWN MATERIAL TRANSPORT AND TRANSPORTATION SERVICE.
CAN HE CLAIM INPUT OF VEHICLE AND ISSUE A BILL OF TRANSPORTATION WITH 12% GST

Hello All,

I have a query what is a Public limited co. and a Limited company

Also whether it is mandatory for a limited company to appoint two auditors , one internal and external

I AM SUPPLY SERVICES TO MUNICIPAL CORPORATION. SOME AUDITOR SAY YOU SHOW IN B2C BEACAUSE MUNICIPAL CORPORATION DOES NOT TAKE ITC BUT MY INTENTION IS MUNICIPAL CORPORATION AND ME ALSO BOTH REGISTERED PERSON THE IT COMES TO B2B. SO WHAT IS CORRECT ONE PLEASE TELL ME

Respected Sir
Please be clarify the 87A under income tax, what is this and how it come to use while in assessing the individual income tax calculation . Just all are saying no income tax up to 5 Lakhs. but in slab up to 250000/- no income tax that is why little bit confusion. request to solve the confusion.
Thanking you
Yours faithfully
Srinivasa Joshi.

Please advise on the below case
If a GST Registered Person ABC (Prop. firm) have sold goods to Reliance Stores all over India on SOR Terms.
here SOR Terms means Sale or Return Basis i.e. if goods remain unsold to end customer then it will be return back to ABC.
Now problem is that 100000 Lac Pcs remain unsold in different stores at different states.
meanwhile ABC decided to quit its Proprietorship firm and willing to start business with Existing another partnership firm XYZ.

Reliance will return back the goods to ABC in books virtually (not actual movement of goods)
ABC will release tax invoice to (XYZ new Partnership firm) for the same goods. (No movement of Goods)
XYZ will release tax invoice to Reliance only in books (no actual movement)
but goods will not be removed from Reliance stores.
if the said virtual transfer of goods is a valid supply in terms of GST and ITC will be eligible for the said transfer of goods.

Waiting for your advise.

Sir my query is 1).CO-OPERATIVE HOUSING SOCIETY LIMITED IN WHICH CATEGORY IS SELECT LIKE TRUST/AOP/BODY OF INDIVIDUAL/LLP/FIRM/COMPANY. 2).TREASURER/SECRETARY CAN SIGN PAN CARD APPLICATION.3).WHICH STATUS SELECT IN PAN CARD (PAN CARD FOR HOUSING COOPERATIVE SOCIETY LIMITED).

Dear Sir , please explain what's is the existing rules for cash receipts and cash payments in a proprietor concern i.e limits