Can new company apply for lower tds under section 197? if yes then please provide the details.
Dear Sir
Please clear Tax Rate On Rice Under GST Act, Rice Importer Paid GST on Rice Sale.
Regards
Manoj Joshi
Sir, I want to start a sole proprietorship regarding e commerce activity, how to register and tell me the process.
Dear Sir , I had Purchased Commercial Property on 15 Feb 2012.As per following Details
Agreement value :2950000
Stamp Duty Paid:184100
Registration Charges :30600
Broker Charges :67000
Meter Transfer Charges :2500
Society Transfer Charges :12500.
Till Date Maintenance & Repairs :240693
Now i want to sell this commercial property @ 50,50,000/- in May 2017
Broker charges would be - 100000
Society Transfer Charges will be - 25000
Kindly help in Calculating the LTCG for this sale transaction and TDS if any need to be paid Can i save this LTCG tax by paying my home loan of other residential Flat
Regards Dhiraj
Dear Expert,
I seek your help in excise registration in kolkata.A Few months back We had applied for excise registration in Kolkata . After Physical verification the officer has sent one notice to us and to lanlord of Place of business with whom we have made Rent Agreement . In this notice officer is asking from landlord to produce a document which will prove that owenership of place of business is with him. We have produced him an electricity bill which he is not accepting as proof of owenership of landlord.
Landlord is not also supporting in providing a document.
Kindly advise us in this matter asap because officer is going to revoke the registration on Wednesday next week .
Your guidance will be highly appreciated.
Regards
Saheb K Maharana
i had purchased property in year 2010 for 8 lacs and sold in 2014 @ 28 lacs it was invested in capital gain and now i purchased new property in 2016 for 53 lacs in myself/father & mother name. now if i sell today at same purchase price of rs. 53 lacs.there will be any tax liabilty. pls advise
We as biological parents have transfereed the title of our flat (Purchased at Rs45 lakhs in 2009) in the name of our daughter in Dec 2012 through a registered deed of settlement She had in turn given us the General Power of Attorney to do several things on the flat including renting it and even selling it on her behalf The GPA was also registered duly Our daughter was an NRI since 2002 and settled in the USA with her husband and not employed in US too. She has a PAN but not returning any tax return being unemployed while in India before marriage and also in the USA after marriage The rental income since 2014 is hardly Rs11000 PM and as PoA holder I receive this in the joint account.She has become a US citizen in April 2016. Her Indian Passport has become invalid post her renouncing Indian Citizenship She wants to dispose this property now. Whether we the GPA holder sell the flat on behalf of our daughter and after paying LTCG tax of Rs3 lakhs (10% of Rs30 lakhs CG Rs75 lakhs less Rs45 lakhs being the cost incurred by us) using her PAN ,whether we /she can repatriate the balance proceeds to her US Bank account? Is the LTCG is Rs30 lakhs or is it Rs75 lakhs? ( being settled free in our daughter's favour without any consideration)
GST Rates.