Sir I received 6 lakh worth of property from my aunt (her paternal property) as gift deed. Now I wish to sell the same at the rate of 50 lakh. Please advise my tax liability
Mr.K has paid new EB line deposit for his agricultural land. Is it is added to fixed asset value directly? will it increase the value of asset?
How to post entry for this
Whether GST RCM is applicable on Selling commission paid to a unregister vendor.
I was completed Group 1of Final , in old syllabus, Now how many papers I need to write in Group 2 Final?
Sir,
Date of Purchase sale deed value 69000/- in 2003 (Stamp Duty 9500)
Construction ground floor value 750000/- in 2004
Construction first floor value 1200000/- in 2007 Total Sq.Ft 1245
Approximate Sale Value 120lacs
How to calculate long term capital gain tax
thank u
Vinod
I mistakenly claimed ITC on the Car Tyre in GSTR 3B, and now I want to reverse it. In which column of GSTR 3B is it to appear?
Tyre cost is to be included in home delivery expenses and only ITC is to be reversed.
sir,
What to do if return filing is delayed for any reason and 31st December passes.
Whether we can do centarlized billing in gst if branches located in differnet states and want to do billing from onlY one state where head office is situated (GST number is taken only for that head office )
Can a HUF earn commission income and show it in its return of Income.????
Hi,
I booked a flat in 2018-2019 total amount of 90 Lakh.
I have paid upfront about 60 Lakh. Somehow project got delayed and to date, the property has not handed over.
Now in the same project builder is offering a Villa at 1.5 CR and I want to upgrade. In this case, they will be signing a new agreement in February 2024 and will transfer the 60 Lakh paid earlier in to villa account.
And as per CLP (Consturction link Payment) I have to pay 20 Lakh.
Should I deduct TDS on 20 Lakh or 80 Lakh (20 Lakh payment now + 60 Lakh Paid in 2019)?
PS: In 2019 there was no requirement to deduct TDS so I haven't deducted that time.
Old Flat booking was neither registered nor possession was given.
Tax on sale of inherited property as gift