Respected team
I have a question that medical allowance given with pension to the retired judges is exempt from tax or not ? If exempt from tax please clarify under which section . Thanks
Can exemption u/s 54 be claimed for sale of multiple flats and purchase of One residential house property?
Our product falls in 3% GST rate. We recover courier charges from our client by mentioning the same in the invoice itself.The issue is that- courier company charges 18% to us.How should we charge the same from our client and at what rate??
Hello,
I have paid total 50 lakh rs for sanctioning building plan. My query is will these charges come under capital expenditure or revenue expenditure. And can i show as a expense in income tax return
Sir,
Sir i have made 1500 entries in Tally ERP 9 Indian Rupees. Now i need to convert these entries to Omani Riyal ( Ex. INR/216). Is there is any easy way to convert these entries to Omani Riyal. I tried to export the Day book and divided the entries by 216. Then converted it to XML format, and import it to a new Tally ERP 9. But It's not working. Please help me in this matter.
is it mandatory to keep invoices for all the expenses incurred in business and should i pass journal entry before payment for every expense regardless of amount?
Hi
One School is organizing Students National Conference. For this conference students will participate national wise and paying registration fee to the Organized School.
In this scenario any GST attract for collecting the conference participating fee from outstation students?
Sir,
while filling the CA firm closure form, the "date of closure" section is not accepting future date of closure ,it is displaying the following message "Date of firm closure should not be on or before the firm constitution/reconstitution date".
What is the meaning of above message, and what should I do further. Please guide me in this regard.
I have two flats now.
Old One purchased in 2004
and one purchased in aug 2023 against sale of equity ( section 54 f benefit claimed) in fy 23-24.
If I sell my old 2004 flat for 2 cr and sell some equity ( long term) rs 80 lacs this FY 24-25, can I claim full cap. Gain tax exemption if I invest the proceeds in a new flat costing 2.80 cr.????
In such a case the LTCG u/s 54 F claimed last year will be added back this FY 24-25 at the new tax rate of 12.5 % ????
At any point of time i will have only two flats
GST output for FY 2023-24 filed nil return, but actually there was 18% GST rate, what i can do,
whether GST out put can be adjusted with GST input for the period of April 2024 to September 2024. while filing Annual GST Returns.
or I have no input during FY 2023-24. whether I have to pay fully GST output with interest,
Medical Allowance to retired judges is exempt from tax ?