A sold his house 1.5 years back and deposited the money in capital gain account. As he is having time span of two years to purchase a residential house or 3 years to purchase a constructed house from the date of sale to claim exemption under section 54. Suppose his spouse is having any residential property in her name. So can a husband can take a house property from his wife and claim the deduction under section 54? I understand the tax liability would shift to his wife on her portion of sale.But my only point is can we extend the time limitation of two year to further two years by doing this??

I BOUGHT FLAT IN 1975 RS 111000/- NOW I M SELLING IT IN 9 CR..& I M BUYING NEW FLAT WORTH RS 6.50CR..NOW WETHER I HAVE TO PAY CAPITAL GAIN AS I THINK TODAY INDEX VALUE IS 3CR(WHICH IS 111000 IN 1975)

Ge sir,

we received order from mumbai maharastra but supply with in the state ap .They are asking billing mumbai in igst and supply to kakinada with in ap . As per gst act destination of supply with the state cgst +sgst applicable .we rais the waybill to kakinada only ,please clarify us which tax is applicable either igst or ( cgst+sgst) sir.

Hiii Everyone, My query is "A Chandigarh based 2 Partners firm is deciding to resign one partner and further adding two partners". I want to know the procedure for the same and also wants to know that the Pan card of the firm also be renewed or not? Whether on resignation of one partner the partnership firm be dissolve or not? Does the resign of a partner affect firms existence or not?

Dear Experts,

I have filed ITR for A-Y 2015-16 in which i filed proprietor capital balance as nil (I have filled only assets value).

While filing ITR for A.Y 2016-17 i filed proprietor capital as Rs.7,00,000.

Now I have received limited scrutiny for A.Y 2016-17 in which they asked me to submit Capital A/c.

I have submitted the same but again recd notice stating that opening balance of capital is nil for A. Y 2015-16 and in A.Y 16-17 capital account you have shown opening Rs. 300000 ?

How to reply now pls suggest.

hi

lighting showroom(trading) in rental building, we have godown also in the top floor and we fitted one lift extra for goods movement. please let me know whether ITC available

Dear Sir

Please give your opinion on the following subject matter -

our company want to enter into transaction with Limited Liability Partnership in which one of our director is partner in LLP, whether this transactio will be covered under section 188 of the Companies Act, 2013.

Please give your valuable suggestion

Good day sir, I want to release share on property owned jointly to my wife. If sell of property in future, who will deal with LTCG, me or wife? She has not contributed in payment of flat sum. And I have not claimed IT exemption on income under 80C. I am seafarer by profession , indian citizen and NRI tax status....and if I sell flat it could attract 20% TDS. I want to get rid of this issue. please guide. Thanks in advance...can I buy LTCG bonds before agreement and after receiving token money..

Sir

I have received two bills from an advocate one is towards professional charges on which tds will be deducted and RCM will be deposited

Another bill is for clerkage for RS. 10000/- for which no supporting document is given. Kindly confirm the TDS and RCM applicability on the same

Your early reply will be appreciated

Regards

I FILED ITR 5 AS AOP. IN THIS RETURN WE GOT PROFIT FOR RS.80000/-.. SLAB RATES FOR AOP IS 2,50,000. IN THIS RETURN THERE IS NO TAXABLE INCOME. BECAUSE IT IS BELOW TAXABLE. BUT A.O.IS SEND 143 NOTICE, IN THAT HE CHARGES 30%TAX ON PROFIT (MEANS 80000 X 30% TAX). WHAT IS THE AOP
SLAB RATES. PLEASE SUGGEST ME