Firm ABC has 3partners it has a leasedhold land since 1990 for 99 yrs .. firm constructed a shed on it with costed around Rs.120000 in year 2003 in fy 18-19 firm sells the shed @ 12lac .. in accounting books the cost of construction is fully depreciated ..please tell me what would be the capital gain tax on the said property??

One of my senior guide me that officer has much more power than counsel,
Counsel has no power to overtake an officer.
If officer wish he can spoil your case, if he is happy with you he can overlook weakness in case.
My question is counsel is really at mercy of an officer?
If officer not convinced with a counsel, there is any power with counsel to convince officer on merits?

XYZ (Manufacturer) receiving Coal where the supplier is charging CESS in the Tax Invoice. Can XYZ take input tax credit of the CESS charged in the invoice? If no, is there any specific provision under the law to deny the credit?

I understand that pensioners are eligible to claim std deduction of Rs 40K for Ay 2019-20 if pension is paid by employers as it will be treated as salary. I am a pensioner drawing pension under EPS scheme and also receiving super annuation annuity from LIC under the policy taken by my past employer. Am I eligible to claim standard deduction as pension is not directly given by the employer? If I am eligible, should I report both the income in IT returns under the head SALARY since all along I have been showing it under the head OTHER INCOME?

As per sec 43(1) of Income Tax Act, if I purchase a asset of 12,000 the same shall not be added to the cost of capital asset (My interpretation: it will not form part of the block) and thus in effect depreciation will not be charged on it.
My interpretation is depreciation on it can be still claimed under Companies Act, and thus it will affect my deferred Taxes. Is my interpretation correct or there is a flaw in it?

Dear Experts, My client had dealing in real estate i.e., purchase land and converted it into number of residential sites (Not Buildings or Plots) and sold it to others. As per GST Act Exemption is upto 20 Lakhs. But my client crossed the said limit. Whether he take registration, If yes please guide me the GST Tax Rate for the same or it is exempted from GST Tax. Thanks in advance.

Dear Experts, My client had dealing in real estate i.e., purchase land and converted it into number of residential sites (Not Building or Plots) and sold it to others. As per GST Act Exemption is upto 20 Lakhs. But my client crossed the said limit. Whether he take registration, If yes please guide me the GST Tax Rate for the same or it is exempted from GST Tax. Thanks in advance.

hi experts,

i have converted my ca final course from old to new by paying Rs 1000.
what type of acknowledgement i will receive to my mail id to confirm the same.
how to get study material

Regards,
Aishwarya

Sir, I wanted to clear the how will we can deposit the TDS for contractor
we paid to contractor RS.25000 in 09/04/2018
2. payment Rs.20000 in 09/05/2018
3. payment rs. 30000 in 09/07/2018
we have deducted in Rs. 30000 tds 300 in july payment becuase its limit exit from july . some person told we have to deducted tds from staring date but how could we do it we have submitted the return also what is the meaning of limit s then

Good Afternoon to All Expert,
Sir ,
We received a CHA bill Sir in this bill following mention

1-Tax Invoice Mention
2- Reimbursement Exp Mention like DO Charges, Airline Charges,Etc mention in bill
3-Not Received any related document
4-Agency Charges not mention.
Sir Will i deduct tds on that amount
Kindly Help