Dear sir,
I have a very old property (before 100 Yrs old) & now want to sale it.
I want to know that what will be tax treatments regarding sale of this property ?
Whereas
I have a court Judgement dated 1960 against income tax department regarding my another old property which was in my favor telling that no any tax will be calculated against sale of that old property.

Is this Judgement also apply on sale of my current old property ?
thanks

I am trying to upload the MSPT return. I have downloaded the return template from New Automation and duly filed in all the details. However, while uploading the return, i am getting the following errors: 1) Error while file upload 2) At least one BRF message of type W, E, A or X occured 3) Balance payable should not be more than zero. (Please note: the balance payable is not more than zero) Kindly help me to understand the above errors so that I can upload the return at the earliest.

A GST Registered Company's Principal Place of Business is in Maharashtra and has a branch office in Hyderabad.
Land lord of Branch office is URD and rent amount is exceeding 5k. Invoice is raised by landlord on hyderabad's address. So is the company laible to pay IGST RCM on rent?

Sir,

The government has raised the limit of deduction for health insurance premium or medical expenditure from Rs 30,000 to Rs 50,000 under Section 80D. All senior citizens will now be able to claim the Rs 50,000 per annum in respect of any health insurance premium or any general medical expenditure incurred.

kindly clarify the point " any general medical expenditure incurred". Is it possible to claim the benefit by submitting medical bills for purchasing any medicines or any conditions is applicable.

Thanks.

Dear All,
We have pending workers loan since from last 2-3 years & there is no possibilities to recover from them. Which entry we have to pass if we
want to write off the said workers loan. Is there any statutory formalities are there? or any legal formalities?
Kindly advice me
Thanks,
Anjan Mehta

Dear Sir,

Will the excess GST paid during FY 2017-18 be carried forward to next FY i.e. in FY 2018-19 or its refurnd to be taken ???

Dear Madam/Sirs,

As a society Accountant, discovered an error in Reserves & Surplus opn balance FY2016-17 of 5L short, which affects closing bal. This is offset by Investment A/c of equal amount in asset side. Now since closing takes place in FY 2017-18, this error noticed, and need to know what action needs be taken ? Income tax return filed from income statemet which is somehow correct. Error only in audited balance-sheet 2016-17. Financial statements not yet filed in Registrar of Societies FY2016-17

What are the implications and what needs be done in FY 2017-18 closing.

Thanks n regards Alex G.

Read more at: https://www.caclubindia.com/forum/error-in-audited-balance-sheet-of-fy-2016-17-quot-res-amp-surplus-458691.asp

I run a small restaurant in which I sell biscuits, snacks and other sweets purchased from outside. In addition, I also prepare tea, samosa etc., and sell/serve the same to customers. Whether I can be assessed as Manufacturer under GST composition scheme ?

A. When is E way bill is compulsory? 



B. What is limit of the invoice?

If my value of invoice is less than 50K and i sell in 

1. Interstate and E way bill is required?

2. Intrastate and E way bill is required?

If my value of invoice is more than 50K and i sell in 
1. Interstate and E way bill is required?

2. Intrastate and E way bill is required?

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