We are a partnership firm. We had filed a suit for recovery of money. But at the time of filing the written statement (18 years back), the respondent did not submitted the Board Resolution. Nor was done for the appointment of Lawyer. But our lawyer ignored it. And at the time of Cross examination (4 years back), Company,s representative when asked about the resolution, he replied that it is Companys office and he will submit it soon. But in next 4 years nothing happened.

Then, few months back my new lawyer raised these points under additional points and the Judge accepted it. But he asked the respondent to submit resolutions. Can he accept these after so many years. If non acceptance of docs or any other technical mistake, what benefit we will get.and under which section ?

Thanks & Reagards

We are manufacturer of readymade garments, situated in Gujarat. We have entered in to an agreement for acquiring a showroom in Madhya Pradesh. The invoices issued for Licence Fees and CAM charges are with IGST. Whether we can claim INPUT of IGST (Services) in Gujarat.
Girish Shah

I AM A EDUCATIONAL INSTITUTE PROVIDING INTERNATIONAL COURSE. I SALE PRINTED BOOKS AND PROVIDE TRAINING TOO. BOTH CAN BE SOLD SEPARATELY AND TOGETHER.

RATE ON SALE OF PRINTED BOOKS IS 0%
RATE ON TRAINING IS 18%

AM I LIABLE TO FOLLOW MIXED SUPPLY CONCEPT? TO SAY I NEED TO CHARGE HIGHEST RATE OF 18% ON BOTH THE SUPPLIES?
THANKS IN ADVANCE

Hello,
Please suggest me that tds will deduct or not on legal expenses for stamp duty and documents for disbursement of loan. I am waiting your best suggestion.
Thank You

Dear Friends,


One of my client has bought land for Rs. 3,20,000/- of 4000 sq. ft. in Apr-2002 and he went to joint venture the same in 2009. In the joint venture the total building built area is 15,100 sq. feet.

The property has been divided 8758 sq.ft. for others(investors) and 6342 sq. feet for my client(only land). Out of this 6342 sq.feet I got the 4 two bedroom flats and one three bedroom flat and have an excess sq. feet of 607. For this 607 sq.feet the builder gave money Rs 2000/- per sq.feet. But, he never gave to my client the money and he used all of this money for the building materials to build the my flats such as Tiles, Teak wood doors, shelves , electricity works, and fans etc.

After finished construction the property value is Rs. 85.62 lacs in 2009 for my client of 4 two bedroom flats and one three bedroom flat.

Now, he is decided to sale his 1 nos. three bedroom flat which is 1950 sq.ft. and guideline value Rs. 63.37 lacs.
So, my question is how would we calculate capital gain tax for this? because, he bought land in 2002 and he went to joint venture 2009. is this joint venture can treated as expenditure cum sale of a part of property or sale cum buying of property?

kindly help me, which is correct and what is the correct capital gain tax amount?

Thanks in Advance,
Vasudevan

I bought a plot for building my residence from a Devwloper in 2007 and the plot was to be handed over by 30 June 2009. The Developer has not been ae to give possession of the plot for last 9 years. Now the builder has agreed to refund my payment along with Compensation .. 70 lakhs original plus 70 lakh compensation on account of loss incurred by me on various accounts such as land cost inflation, cost of construction, distress caused in last 9 years because of delays.
Now my question is.
1. Is income tax applicable on this compensation?
2. If yes, can I apply indexation based on CII?
3. Can I deduct any additional expenses that were incurred by me while agreement for this plot..Like broker fees, etc.?

DEAR FELLOW,
One of my clients is a Real Estate Company. It receives rent on commercial property which is below 20,00,000/- in the entire year. Now it is planning to buy an under construction commercial property with the assured return.

Is this assured return chargeable to GST?
Please explain in detail.

I am dealing in trading of purchase and sale of old car/vehicles, whether can I opt for composition scheme?

One of my client is a Petroleum Dealer ( HSD and Petrol) , LFR (Licence Fees Recovery) is credited to his account by BPCL, HPCL , How to deduct TDS on such amount of LFR and what is the nature of the payment.

194 I Rent
194 C Contract
194 J Technicle Services

Dear Experts,

I've filed TDS return through Income Tax Efiling Portal and the status is 'Accepted by CPC'. But till now in TRACES, it is showing return not filed. Please let me know the possibilities or how long does it take to show in TRACES? Please.