Hi,
What will be the Tax effect on Money Gift from Father to Son or to Daughter-in-law.
Is it taxable or exempt?
Please guide.
Thanks
Umesh
Dear Sir,
Case detail:-
if i am purchase a property to some one of Rs. 1.80 Cr
Circle rate and stamp value Rs. 2.03 Cr
Sales Consideration Value Rs. 1.80 Cr
TDS Deduct on 2.03 Cr-Circle Rate Value
But Seller reject circle rate value and tds accept only Sales Consideration value Rs. 1.80 Cr
Now as a purchaser we can use tds further in any other section.
I am selling a property in Bangalore. My real estate broker says that I have to pay GST of 18% on his commission for the services rendered? Should I pay this GST? or is it the broker who has to pay the GST on his income?
Sir,
Can we file revised return after process tax return due to deduction under section 10 forget to claim in return.
Dear Experts
Can you please help me to know when these penalties are applicable 234 A, B, and C
Thank You
Vijith T K
Sir,
I have Business of GTA (Goods Transports Agency) under FCM and Paying GST @12%. But now I'm hiring goods from unregistered persons to provide GTA service. Hence I want to know, Should I need to pay GST on that hiring amount under RCM, If Yes then what is the rate of GST.
Kindly help in this regards.
Sir,
While calculating of cost of flat for fixing the %age of ownership among the parties, can we add : interest on loan taken for payment to builders
Bribe given for approval of loan
Bribe given for getting the flat register
as adding these expenses, the %age of one partner increases and others reduces. Previously there was no agreement between parties on %age issues.
Hello everyone,
A ltd has received an invoice from consultant - professional fees 100000, out of pocket expenses-15000 (food, travel & accomodation ) total 115000
He has provided evidence of accomodation.
should we deduct tds on 100000 or 115000
if suppose he issues two seperate invoice one for 100000 and one for reimbursement of OPE then what would be implication on TDS ??
Thanks
Private Limited company
Paid up share capital 1.74 cr
Reserves - 2.65 cr
Turnover - 47 cr
Is CARO applicable on this company
DRC-01 Tax Penalty Payment