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03 July 2024 at 13:24

DIN NUMBER IN GST NOTICE

When it is compulsory to quote DIN number in GST Notice and other related communications ?


Kamal Pal

Dear Experts, We are based out of Gurugram, looking forward for service of merger between two small scale company.
1. Both having same ownership/ shareholding.
2. Holding company do not run business and all compliances are being maintained.
3. Subsidiary company have business of business consulting services only and is in the business (turnover less then 2 cr. in preceeding 5 years)
4. Holding company owns over 86% of shareholding in subsidiary company.

We are interested in fast track merger between the two and want to know the time and professional fee (other then govt. chg. exp.) will be for the purpose.

Interested member, please leave your link of your profile where we can reach you by phone or email.


Ravi B L Gowda
03 July 2024 at 11:29

Query on Capital Gains taxation

Dear Sir,
My query is as below
My friend had purchased a Land in 2013 for Rs.600000 & house constructed in the same year. House & land sold in 2023 for Rs.33.50 Lakhs.

My query is whether capital gain is to be calculated separately for land & building & whether cost of construction of building is to be treated as cost of improvement.

Kindly advise.

With Regards
Ravi


VAIBHAVI COMMUNICATIONS

Hi sir
Salary Income , Home Loan , as well as Health Insurance and also Sale of securities and units of mutual fund
SFT-18-EMF(M) these are show in ITR Return which ITR used and filed with above all


P.Madhivadhanan

Mr.x gifted a house property to his daughter in law during 2002 guideline value Rs.1150
00. She died in 2007. Her legal heirs consisting of 4 sons and a daughter. In 2007 they made a partition among them and 4 legal heirs release in favour one brother. In 2023-24 he sold the property for Rs.485000. I want to know what is the cost of acquisition taken by the seller for capital gain calculation


Suraj

Dear Sir,
My query is as follows:
Mr A incurred Long Term capital loss of Rs. 520000/- in AY 2022-23. He disclosed all details in the ITR and filed it. However, during AY 2023-24 there was no capital gain or loss and he somehow forgot to show LTCLoss brought forward in the ITR of AY 2023-24.

In AY 2024-25, he has a long-term capital gain of Rs. 125000/-. Can he still show LTCLoss of Rs. 520000/- in ITR of AY 2024-25, which he forgot to show in the previous year ITR? and claim set off against LTCGain of Rs. 125000/-?

Kindly guide.
Regards,
Suraj


Nagaraj
02 July 2024 at 18:21

RCM on Real Estate transactions

Dear Experts,
As per the notification requirement Promoter is required to purchase at least 80% of inputs and input services from registered person.

Promoter is making labour payments for constructions, paint, carpenter will that be included or excluded in above 80%?


nagendran kelath

Sir, kindly inform the provisions/rules under which the TA on retirement to Central Government Employees is exempted from Income tax.Please specify whether all the components of TA like CTG, Transportation of personal effects and Transportation of conveyance are exempted


Kollipara Sundaraiah

Sir,
Assessess rs:15 lacs amount from govt purpose for assessess shop demolish.
Question:
Assessess received amount tax applicable


Ashish Kothari
02 July 2024 at 16:22

DELISTING QUERY

I have 1000 shares of Kwality Ltd , Broker is saying shares have been extinguished . What does this mean ? Have I lost my money ? Is there any way to contact company and trade the share ?





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