(1) If I have purchased shares at lower price before 31.1.18 & if I sell the same after 31.1.18 arising into LTCG, then should I take the market price prevailing on 31.1.18 as the cost price or my actual cost price ?

(2) If I have purchased shares at higher price than what was prevailing on 31.1.18 & if I sell the same aftr 31.1.18 giving me LTCG, then which cost price should I take - my actual cost price or price on 31.1.18 ?

(3) If I sell shares next fin. yr, i.e. after 1.4.18, then which cost price to be taken - actual CP or price prevailing on 31.1.18 for STCG & LTCG ?

(4) I have a lot of shares. Want to know where I can get share prices of 31.1.18 easily at one go.

Thank you for your time.

Suppose i purchased 1000 shares of ABC ltd @100 on 1/2/2017 and again on 28/2/2017 i purchased another 1000 shares @ 110. Now, if i do intraday trading in ABC ltd on 1/4/2017 (i.e. bought 500 shares and sold 500 shares) And after that if i sale whole 2000 shares on 4/3/2018 @ 130 then will it be called short term/long term capital gain?
Thank you in advance

A lady has lost eyesight and is also not able to walk. She wants to purchase a flat in her name.

a) Can she buy the Flat in her own name and sign the sale deed through her daughter by appointing her daughter as her Special Attorney for the purpose of signing sale deed of the Flat on her behalf.

b) If so, what exact procedure she should adopt to appoint her daughter as Special Power of Attorney to sign sale deed on her behalf because she her self cannot see and as well as walk.


Legal opinion in the matter will be highly appreciated..

Read more at: http://www.lawyersclubindia.com/experts/modify_message.asp?entry_id=824733

Which ITR to be filed for income from beauty parlour whose books of accounts are not mentioned for the A.Y. 2017-18 and what will be the nature of business code in ITR return? and whether it is a business or profession income?

1) If a football league receives sponsorship money from its related party, how should sponsorship money be accounted in the books of account of the Sponsor and the receiver of the sponsorship ?

2) Under what section is TDS required to be done on the payments made to the players ? Does it make any difference if the players are not residents of India as per Income Tax provisions ?

Dear sir Greetings of the day my brother working abroad he went 4 years backnow IT dept. Sent an email that he has not filled his tax returns for FY2015-16,16-17 but he does not have any income source in india even no FD also do he needs to file IT return if yes which ITR form he has to fill for nill return please advice me. Thanks.

Dear Fellow Colleagues,

I would request your help in the following :

My client has a property in India

The property is in the joint name

both the clients husband and wife are NRI with no other income from INDIA

Their property is rented out to an individual who will be paying a rent of INR 9000 per month i.e. total yearly INR 108,000 to this NRI.

Rent will be paid to NRO account by the tenant.

Please can someone confirm if the TDS ( @30.9%) needs to be deducted while paying monthly rent of INR 9000? OR No TDS required to be deducted?

Alternatively, the property is managed by their PoA Holder who is in blood relation to the family, can this income from rent be taxed in the tax return of the PoA Holder?


TiA
Mahi

The rent would be deposited into NRO account

An assesee is an Indian Origin but is not fulfilling the condition of 182 days of staying in India. So the income earned
from Dubai is Taxable? Since Dubai is tax free country so Income from Dubai will be taxable in India or not? And also whether the assessee has to file his return

Dear Sir/Madam,
1. One of our client is a Diary Industry with Trade Mark.
2. Decision taken by GST Council on 22nd Meeting about Job work service in relation to Food & Food Products falling under Chapter 1 to 22 of HS Code - The rate has been reduced from 18% to 5%.
3. Whether the Milk Pouch Packing Job Work Service fall under above category or It is liable to pay GST @ 18%.

Please Clarify

The source of the receipt of the assessee is as follows:

1) Profit from a proprietary concern of sale purchase of fabrics.

2) Sale of commercial premises as upon which capital gain tax has been paid.

In such case which ITR has to be filed ? Please guide me and oblige.