Dear Sir,

One of our client had transferred his residential house to a developer to construct four flats on it. Out of which one flat is to be given to the developer and rest of the 3 will be owned by the owner.

As per Section 45 (5a) as inserted by finance act 2017, such transfer of land or building ir both will be chargeable to tax in the year in which certificate of completion will be provided by the competent authority.

Section also specify the total consideration to adopted for this purpose. But it nowhere talk about cost of acquisition in such case.

But my question in this case is
1."Will it be considered only Transfer of Land" or "transfer of Land & Building Both"?

2. "Whether the cost of acquition be the cost of Land only or the cost of land or old building both"?

3. "What will be the nature of resultant capital gain (LTCG or STCG) on transfer of building because the transferred building will be new after develpoment"?

4. "Whether share of owner in the resultant new building will be eligible for deduction under section 54"?

5. "section 45 (5a) also provides that where the owner transfer his share before completion of the project, this section 45 (5A) will not apply there"? "Whether it should be whole the share" or "partial share also be considered for such purpose"?

Please answer my query point wise

We sold an agricultural land 4 years ago and built a house. Is it taxable under the income tax, anywhere under section? Does 54B section apply to me?

Dear Members,

Greetings....

I have an issue regarding inclusion of turnover: I have a Proprietor firm doing dealership business and registered under GST, I am also in receipt of income in my individual name.

so my query is that whether my individual income is liable to be added in my business income or not under GST??

Thanks & Regards,
CA Antriksh Mishra

my client has 35k loss from F&O , stcg 59k, n commission u/s 194h 220000.
1.my query is he needs to file itr 3?
2.which category of business need to be selected?
3. commission is from other source income, so can we claim expenditure against it?
4. Do we need to maintain books of accounts.
plz guide

Hi,
I got a query about place of supply for renting of immovable property (Building).
A company is having head office at Bangalore and it's registered under Karnataka GST. if it takes a building on rent in Gurgaon and there's no registration available under Haryana GST; what will be the "place of supply ' in that case? And if the landlord of that building is registered under Haryana GST then what should he charge in invoice (SGST & CGST or IGST)?

Please reply with respective GST Provision Act....

Thanks!!

A public limited company have two Joint venture company holding 16% and 20% shares.whether consolidated FS is prepared by the public ltd.

https://taxguru.in/income-tax/tax-audit-turnover-1-crore-net-profit-8.html Is this real?????

Whether TDS is applicable on Membership Fee, Fees and Subscription and Sponsorship fee?? If yes under which section?? If no TDS to be deducted where the same has mentioned? Kindly clarify.

Sir
My client has sold property for Rs.60,00,000/- in June 18 and the indexation cost is Rs12,00,000/- and the capital gain is 48,00,000/-. And he purchased the property in lieu of it in March18 for Rs.46,00,000/- excluding stamp duty of Rs.2,76,000/-.
My question is here that whether he has to deposit the balance amt of Rs.2,00,000/- in capital gain bonds or the purchase price for him will be Rs.48,76,000/-.
Pl guide .
Regards
Sanjay

Dear sir
I have filed GSTR 3B of May month. But I wrongly included a bill for
100000/- on which i have paid 9000/- GST of each CGST & SGST.I have
opted for quarterly filing for GSTR - 1.
So still now I did not filed GSTR - 1 in F.Y 18-19
Can you please Guide me how to rectify the mistake