srinivasan ak
12 July 2018 at 21:52

Capital gains 54f

Already X has one house in his name. He now wanted to sell one land and use that proceeds to construct a new house. Can he claim deduction under section 54F?


RAJESH
12 July 2018 at 20:48

Itc

my uncle has saree business and sitiching business. now he was purchasing a capital asset. Can he get ITC credit on capital asset or not.



Anonymous
12 July 2018 at 20:12

Spice form resubmission

Hi everyone , I have uploaded SPICE-32 with eMOA & eAOA. Those forms got rejected and sent for resubmission with following remarks.
1.NOC should be provided by the owner of registered office premises as per rule 25(2)(c) of the Companies (Incorporation) Rules, 2014.
2.DIR-2 should be provided as per rule 17 of the Companies (Incorporation) Rules, 2014 and its format should be as per rule 8 of Companies (Appointment and Qualification of Directors)Rules, 2014.
3.Copy of PAN, identity proof, residence proof (electricity bill, bank statement, water bill, telephone bill) of all subscribers (not having DIN) should be attached as per rule 16(1) of the Companies (Incorporation) Rules, 2014.
4.As per General Circular No. 2/2012, dated 01.03.2012, company can carry on business of architecture, if it obtains in-principle approval from appropriate regulatory authority. Hence, take approval or remove ARCHITECTURAL/ARCHITECTURE word from the objects.
5.Names of first directors should be mentioned in AOA as per Table F of Schedule I of the Companies Act, 2013.
6.Definition of private company as per Sec. 2(68) of the Companies Act, 2013 should be mentioned in AOA.

Please advise on above and also guide me whether I have to upload only above supportings/attachments while resubmission or I have to upload SPICE -32 again ?? Thanks in advance.


Partha
12 July 2018 at 19:30

Income tax filling

Hello Sir,

I have home loan and paying PRINCIPAL / INTEREST as 84000/81000 and my taxable salary 630000 and then my 80c I filled 150000 , but even though I'm getting tax is around 7300 , So could you please help to reduce or nil this tax amount, Thank you very much for your assist.
Regards,
Partha


ANONYMOUS
12 July 2018 at 18:31

Tax audit under which clause

Turnover: 90 lakhs
Profit : 5% (less than 8%)
Assessee : Individual
FY 2017-18 AY 2018-19

Books of accounts Maintained
Not in presumptive category business
Net income More than basic exemption limit


So, do i have need to get my books audited as per IT act? if yes under which section??



Anonymous
12 July 2018 at 16:50

Interest on fixed deposits

My mother was having certain fixed deposits jointly with me. She passed away in
June 2014 but FDR S have been encased by me in June 2017 as I required funds.
Please advise about taxability of interest. In case I have to include interest from June2014 to June 2017 in my income for payment of tax please advise how I can
claim benefit of TDS deducted in my mothers name.


Jignesh Savaliya
12 July 2018 at 16:44

Itr

One of my client has income from as under:
Salary 280000
Speculation Gain (Intra Day Trading in Share): 38323
Business Loss (Short Term Loss in Share Trading): -105058

So please suggest which Income Tax Return Form is liable to file and where to show loss and gain from share trading in ITR form??


Sanjay Toro
12 July 2018 at 10:40

Ltcg itr filing

I have made certain LTCG in last FY .form sell of long held Shares all of theme were sold before 1/1/2018, this tax exempt LTCG is to be filled in EI section in ITR2

My problem is I only have value of proceedings from sell. I do not have purchase data date and value and hence do not now costs. ( i only aware that most of these were acquired over years through POs , rights bonus, etc. in paper forms (old days were demat dd not existed)

seek advice for ITR filing. Thanking in advance


suhas potadar

Please let me know, which amount should be considered from R.A. bill whether it is gross or net amount for calculating the GST. Also which date should be considered R.A. bill date or payment date.
And how to upload the bill in GSTR 1?
Please give replay as early as possible.


Ramesh S. Kansara
11 July 2018 at 20:53

Input tax credit of capital goods

Retailer of a mobile purchased refrigerator for his shop. It will be used in shop only not for personal use. Can he avail itc on refrigerator?





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