under which major head of challan 20% amount of penalty against CIT appeal is paid?

Hi
IF we pay some capital advance to purchase any assets or mobilization advance for any contract for next year and paid in this year. Will it be treated as application of income
Niraj Kapoor
Thanks in advance

Mr. X is one of the Partners in an LLP which has invested in making a residential complex with a few shops. He has sold his own house to invest in this project of the LLP and in return has received an Allotment Letter of a residential flat in the same complex the LLP is going to build. Will he get the LTCG deduction u/s 54 ???
Points to be considered: 1. Mr. X has not directly purchased the flat, he has invested in the LLP which needs the funds to build the complex and in return will get a flat which has been pre-booked in his name.
2. As per Mumbai High Court, date of allotment is considered as date of acquisition of Asset.
Requesting you to provide relevant Section/judgement/notification justifying the answer to the same. Thank you.

One of my friend(Accountant) raised this query.A person made supplies to SEZ developer(with payment of TAX) and in gstr-1 it has been mentioned as export sales and now the person wants to claim refund of IGST as supplies were with payment of tax.

What is the solution and how can one claim refund of the same.

Sir
I couldnot upload the corrected data through system .Only manual can be done .how to overcome this.

We want to buy residential property situated in Gujarat from NRI. If we puchase at Rs.70 lacs and purchase cost to NRI is Rs.60 lacs then how & on what amount to deduct TDS u/s 195?

We want to participate for exhibition held in Delhi.
Our one Machine display for exhibition and moved from Maharastra to Delhi and after complition of exhibition return back Delhi to Maharastra.
In eWay Bill system which GST TAX Charge.
CGST & SGST @ 9% OR
IGST @ 18%

Please guide

SIR,
MY TURNOVER FOR FY 2018-19 WILL BE RS 85 LAKH. I WANT TO KNOW WHETHER I WILL HAVE TO GET MY ACCOUNT AUDIT FROM A CA

There is one property which were divided into three portions , one portion is of My wife and his brother, this portion they got after the death of her mother around 5 years back , her mother get this property from her mother in law so many years back .

Now the property was sold last year and sell money were devided in to three owners .

To sell the portion alloted to my wife and his brother, My wife gave power of attorney to his brother to sell and use the money recive, however the money received(1/3 of total property sell amount) to my wife and his brother in equal amount in there respective bank accounts , my wife transfered that amount to his brother's bank account as she dont want any money from this property(she already gave power of attorney to his brother to sell and use the money received) .HIs brother purchased a new house from this money.

Now i want to know is there any capital gain tax need to pay by my wife and if yes how to calculate the tax amount.

Also i and my wife has a joint homeloan can my wife claim pre emi's loan interests in her ITR however all the emi's paid through my bank account.

Ours is an export organisation and our total export is under LUT Bond. Please let me know the procedure for claiming GST Refund against the purchase of packing material.