Dear Sir

I have purchase a flat in the year 2012 with Rs.600000/- and now I want to sell the same at Rs.4600000/-
But the flat was mortgaged with bank ( I have taken education loan from Bank for my child)

My Query is if i pay the bank loan from profit of sale of property is taxable in my hand or not.

Please help me

Sir/Madam,
We have a manufacturing company and Insured its Building, Plant & Machinery etc under "The New India Assurance Company Limited". In March 2019 I had renewed my policy and received a GST Invoice with my GSTIN and clearly mentioned Insurance amount, CGST and SGST, can I take Input of this invoice.

Respected sir
we have developed app for payment & discount purpose for that we have incorporated business in dec month
we have appointed it team of 7 person & paid salary for oct & nov month
i want to know whether salary for oct & nov month will be allowed as deduction as preliminary exp or it will not be allowed in income tax


thanks & regards
jignesh daiya

Dear sir, My grand mother is going to sell her rural agricultural land by which she will gain 40 lakh.
Now my grand mother will gift me 40 lakh by cheque via banking system. I do earn 25 lakh per annum. And If I will get this 40 lakh gift from my grand mother.
I am deeply worried about any sort of tax liability of gift on me. I want to be perfectly sure about the event of any tax before selling agricultural land so as there would be no fear after receiving the gift.
Please sir specify the clause of Tax Laws
1- What is tax liability on me ?
2- what is tax liability on my grand mother ?
Thanks in advance

If transport service provided by an GTA to an unregistered personal, then GST is applicable or not?

& if GTA provides transportation service to a Registered Dealer for transportation of Non GST Goods(liquor) then what is the GST implication on it? 

One of my client undertaken a building construction work for a Trust, the trust is registered under 12AA registration.
My client is raising bill on the Trust for the work without GST as per the instruction of the Trust management.
Is it the correct procedure raising bill without GST ?

One of my client wants the property of his father as his registered office.. The property is in name of his father.
1)Do i need a rent agreement to be made for the use of property?
2) Do i need NOC of his father for the use of the property as registered office.
Kindly let me know

We are in the business of offering services sports club/gym etc. our yearly turnover touches around 1.40 cr annually. We have been GST @ 18% upto 31.03.2019

From Apr 2019, Can we avail Composition scheme, wherein we can pay only 6% GST.

Is that facility available to us?

Hi, I am working remotely or say from home as an independent contractor with a company registered in the US. There as no deductions on the monthly salary I receive.

Please guide as to what deductions, if any, the company is supposed to make from the payments made to me and under what part is my salary taxable.

Dear Sir/Mam,

I am facing problem in filling Form INC-22A Active. As I click on Pre-fill icon for Director details, all the director details get pre-filled but the Auditor details are not getting auto pre-filled.

The auditors of the company were appointed in F.Y. 2014-15 upto a period of 5 years ending in the year 2020. Please reply if anyone has the solution to it.

Regards,
Divyesh Jain