As per definition of "construction”, Construction includes re-construction, renovation, additions or alterations or repairs,to the extent of capitalisation, to the said immovable property.
Here is that The term capitalisation means if it is debited to Profit and Los account of the "Books" then it is not a construction activity ?
An if it is like that than what will be the supporting for such capitalisation other than books of account ?

I am dealing in more than 5 commodity and want to add more list of goods
How can i add more than 5 items under List of Goods?

sir,
Expert can anybody help journal entry regarding provision for income tax and adjustment regarding DTA/DTL Advance tax, self-Assessment tax, Tds Receivable and payment regarding them

sir,
In AY 16-17 my turnover in intraday transaction in shares was 21 crore but I got loss of 4,50,000/- but at that time I was not aware about tax audit,
now I got notice from IT department & AO is saying about to levy the penalty u/s 271B i.e. .5% of turnover or 1,50,000/- whichever is less.

is it possible that AO can wave off the penalty??

Dear all,

Kindly solve my querry Referring to the above subject ,

We have Received advance for future supply of goods B2B the Customer is requesting for Input Credit on the GST paid as Advance.




kindly advise for the same.
Thank You

While disclosing the fixed assets against clause 18 of 3CD generally we disclose Gross value of fixed assets reduced by Cenvat/modvat and any exchange difference to arrive at net block of fixed assets. I need clarification on VAT claimed as input on fixed assets. whether VAT is to be disclosed under Cenvat or not.

There were some purchase from GTA in FY17-18 which is taxable under RCM. Tax has not been paid till date. The return for the month of September has made already. It is now only came to our knowledge that the tax liability by way RCM has not been paid. So if we pay the tax on RCM in the month of october including interest, ( which relates to FY 2017-18) can we claim Input tax credit for the same?

Invoice consists of both material and service i.e. installation. Material received but installation was not done. Vendor requested for payment of material value. Installation charges will be paid after installation. In this case, is it required to charge TDS on service i.e. installation charges?

I have purchased a Flat form land owner after completion certificate receive from Municipality. I have paid ₹ 2.50 lakhs to seller (Flat owner) as Service Tax by crossed cheque and received a Receipt also.
Now, how to recover the Service Tax which i have paid. What section will apply to file a suit at court.

I am M.com., LLB and working with a CA firm from last 10 years as assistant and get salary rs.20k. If i join CA course on graduation basis, Whether i get any exemption in the articleship duration or any other exemption/benefit availed for past experience ? What about my salary/stipend limitation ? Please suggest if any other solution.