Dear sir,
I have sold the flat & long term capital gains have been deposited in Capital Gains Account Scheme (CGAS) in last week
of 6th month from the date of transfer since I was planning to buy the property.
After 3 months I have changed my mind & planned not to buy the property & I would like to invest amount of CGAS in REC bonds (54 EC) for next 5 years.
My query is that can I close CGAS & invest in REC bonds in order to continue availing exemption.
Regards
DEAR SIR,
I HAVEN'T FILE MY INCOME TAX RETURN FOR LAST TWO A.S. 16-17 AND 17-18 AND I HAVE TDS IN BOTH THE YEAR, CAN I CARRY FORWARD THESE 2 YEARS TDS IN CURRENT A.S. 2018-19 WHILE FILLING MY INCOME TAX RETURN.. REQ. TO PLEASE HELP HERE.
While trying to generate XML in java utility in ITR 3, I am getting an error of "Please specify the nature". Please help in solving it. I have already selected code under the nature of business. Pls Help.
I have a query regarding Income tax one of my client. He is NRI in India and working here on business visa,his salary and other payments are done from his foreign company in his foreign account nothing is paid here. but his stay in India for 2017-18 is more than 183 days and he already has paid his Tax in foreign country. Is He required to pay his tax in India for 2017-18 and what if he has already paid tax in his country does he can get refund of that tax paid by him in his foreign country?? what process it will require?
We are having a firm registered in rajasthan providing service of soil removal from construction sites. We carry out our work from various states. We need to purchase heavy machinery for carrying out work.
I need to clear following doubts:
1. Do we need to obtain GST registration in each of the state we provide service to ?
2. How can we utilize input on heavy machinery purchased under rajasthan GSTIN for services provided by same machinery in different states ?
can we avail gst input on bank charges charges by the bank
kindly help
Hello ,
I have completed my 3 year articleship training and passes ipcc group 1.
Now wanted to.apply for atc certificate but i have not paid Rs.1000 at the time of CA course Registration.
Now how can i proceed with ?
Sir, One of my friend received compensation on account of Motor Accident... Is compensation received from Insurance company on Motor Accident is taxable? If yes, what are the tax implications ? Under which head, thease are taxable? Can we claim TDS in respect of that ? He is earning income from Salary and also have business income
A partnership firm newly commenced during may 2017 whose Turnover is 10 laks during fy 17-18 and after all expenditures and partners remuneration (except depreciation) there is a net loss. Is Tax audit applicable ? If not under what section we have to file IT return ?
Hello freinds...
Hi have 2 house old one and new one purchased 9 month ago Which is finance by bank of baroda housing loan,
My query is i want to sell my old house(purchase 10 year back) and want to utilised sale proceeds to repay the Housing loan
Will i get exemption u/s section 54 as im utilising the amount of capital gain arising from sale proceeds of residential property for acquaring new house property
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
54ec capital gain bonds