My client wants to sells his one residential house in this month (march-18) and wants to buy new one in next year (after april-18), as I know that LTCG can be deposited in capital gain assets account to get an exemption but he already owns more than one property.
So is it advisable to firstly gift this house to his spouse (wife, by completing gift deed) and then his wife sell this one and deposit LTCG in Capital gain assets account (to claim exemption in this year) and buy new house in next year ??
Please advise me....
And is any other opinion on this ???
Dear sir,
We have received contract with material supply form Ghaziabad and our firm has situated at delhi but we are purchasing goods from Haridwar then can it is possible to bring goods from haridwar to Ghaziabad.
sir this is too much urgent so please reply must.
Pl suggest, Depreciation Rates as per Income tax for Office Equipment
Sir,
I have pay Rs. 110000/- P.M. rent for Gowdown. From Aug 2017 I paid Rs. 99000 rent after deducting Rs. 11000 TDS amount.
From the Aug 2017 I have not paid TDS amt and returns also not filed. So, How to file return and what is the TDS Interest and penalty and TDS filing late fee amount
XYZ, a goods manufacturer and supllier company has made an agreement with a distributor to provide turnover discount (post-sales) if distributor achieves quarterly targets as mutually decided by both. Thereafter, Credit note is issued by suplier for this turnover discount. My question is that do distributor needs to pay any gst on such credit note issued against turnover and if not, do they need to be mentioned in GST returns
Hi. sir,
I am Vinay I need INCOME AND EXPENDITURE (LOSS) ACCOUNT FORMAT
My Friend has 200 workers for his business. the workers are divided into 4 groups. each group comprises 49 members and a "head person" for that group.the head person communicates with the workers and get them to work daily, for that the head person gets some commission and the workers get wages.at the end of every month my friend transfers Rs.2lakhs(workers wages+headperson's commission) from his "Current Account" to the head person's "Savings Bank Account". the amount will become RS.24Lakhs at the end of the year.my question is "will there be any problem for "the head person" from "Income Tax Department" because he/she has "Savings bank account" ? Please give a solution for this. Thanks....
Assessee invested Rs.1500000 in Bajaj Alliance Life Insurance Company LTD. He received Rs.2226982 at the end of the policy. TDS deducted U/S 194 DA for Rs. 2226982. under which head of income difference amount Rs.726982 will be taxable. Capital Gain or Income from Other Sources.
Hello everyone, icai is refunding the fees paid for certified copies of nov 17 exams. They asked me about my bank details. While giving the same they asked me to *Upload Scan image of Cancel Cheque * i don't understand what does this mean.
Can anyone pls help me
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Capital gain & exemption