Sir, When residential property is sold, i got the capital gain of Rs. 2,00,000, out of sale proceeds of RS. 15,00,000.
In order to get the benefit of capital gain tax, i have to invest the same in another residential property. Now the question is whether do i have to invest only of Rs. 2,00,000 or entire sales proceeds of Rs. 15,00,000 in to another residential house property. kindly advice.

Dear All,

We have export sale in March 2018 without payment of tax and we have purchase goods for making export saleand paid CGST/ SGST on that purchase, we have fill export all details in GSTR 3B & GSTR 1 respectively . but we forget to mention input Tax Credit in GSTR 3B from march to may month then how i can get refund of GST such export.

Dear Sir,

i am a house wife. Have private tuition at my home as and when gets time.
It is temporary in nature and earns around 50 to 60,000 in a year.
Apart from this have income from interest from fixed deposits and capital gains from shares.
My query is, can i show in ITR 2, income from private tuition as income from other source.

Thanks.
SR

Dear Experts, my friend wants to have his fathers' business (sole proprietorship concern) transferred in his own name due to his fathers' ill health. Kindly suggest what is to be done in this regard in the most cost effective way. Thank you!

If the amount paid is above 500000/- but the same is not chargeable to tax as per the provisions of Income Tax Act, then whether there is any requirement of filling form 15CB?

Please answer, weather it is compulsory to send only one ITR V( signed e FILING ACKNOWLEDGEMENT COPY) TO CPC BENGALURU ?

I have some intra day gains in FY 2017-18. Will it be coming under gain Capital gains with the other stocks gain ?

If it will come under any other section, could you please mention intra day gains will come in which sheet?
Thanks.

A steel manufacturing Company has two business units. It has its own iron ore mines. It transfers the ore produced from mines to the other units for production of steel, which is the main business of the Company .
At mines department, the main cost involves are querying and raising cost other other direct and indirect expenses . It transfers the ore materials produced to the other segment at cost of manufacture through the debit note where the other segment shows it as “Raw Materials Consumed” in the process of manufacturing of steel.


My Query:
1. Whether the current treatment is correct to show the querying and raising cost (including other direct expenses) as “Raw material Cost “?? Or else to treat the querying and raising expenses as separate line items of expenses ?

Ref : Guidance Note to Division II to Schedule III:
9.5.1. Cost of materials consumed
Materials consumed would consist of raw materials, packing materials (where classified by the company as raw materials) and other materials such as purchased intermediates and components which are ‘consumed’ in the manufacturing activities of the company. Where packing materials are not classified as raw materials the consumption thereof should be disclosed separately. However, intermediates and components which are internally manufactured are to be excluded from the classification.
9.5.1.6. In the case of industries where there are several processes, materials may move from process to process, so that the finished product of one department constitutes the raw materials of the next. The consumption of raw materials for production of such intermediates would have to be accounted as raw materials consumed and so, it follows that internal transfers from one department to another should be disregarded in determining the consumption figures to be disclosed.

Kindly Suggest

My friend would like to start a new venture as a proprietor. He wants to make the payment to Contractor. For his business, his PAN will be treated as PAN for his business too. I would like to guide him on how he needs to apply for TAN? Please guide me.

How he needs to apply PAN? On which basis he needs to apply for TAN?

I am in 10% bracket. I have some income from LTCG from debt fund. LTCG tax at 20 % after indexation is applicable . since i am in 10% bracket I will have to pay lesser tax if I can include this in my income from OS. is it OK?