Dear All,

I have purchase home on 20-02-2001 for Rs. 2,51,000/-

I have sold the same on 25-03-2025 for Rs. 23,00,000/-

I have again purchase new home on 25-06-2025 for Rs. 15,00,000/-

Index cost of old home is Rs. (251000*363/100) = 9,11,130

Capital Gain = 23,00,000-9,11,130 = 13,88,870/-

What is my tax liability on long term capital gain for FY 24-25?

Is it NIL or i have to invest full amount of sale consideration i.e. Rs. 23,00,000 to claim exemption under section 54?

The above confusion is due to change in rule related to long term capital gain from 23.07.2024 budget.

Thanking You
Nirmal Dave

Dear Sir/Madam,

I have received a notice under ASMT-14 regarding obtaining GST registration. I would like to clarify my situation and seek your guidance:

I am engaged in selling vegetables in the local market without owning or operating a shop. My total turnover has crossed ₹40 lakhs, but since the sales are entirely B2C (Business-to-Consumer) and pertain to exempt goods (fruits and vegetables), I was under the impression that GST registration may not be mandatory in my case.

Additionally, I have not filed Income Tax Returns (ITRs), do not issue tax invoices, and do not have a rental or lease agreement for any premises.

Kindly advise:

Whether GST registration is mandatory in this case.

What steps I should take in response to the ASMT-14 notice.

Any possible compliance or regularization process I need to follow.

I am registered on the Income Tax portal and my income is only from interest on savings bank account. The total interest on my savings bank account is 20000 per annum. It is visible in the AIS statement. Is it necessary to file ITR?

My income is only from savings bank account interest. My total savings bank account interest is 20000 per annum.
Is it necessary to file ITR?

In HSN B2C whether exempt income to be reported? like rent received from residential properties are reported in table 8 but HSN of the same are supposed to be entered in HSN B2C?

I am a contractor i got the work order before july 2022 and recieved the payment after july 2022 the department paid me tax @ 12% and i also paid the gst through gstr3b @12% now i recived a notice from department asking me to pay tax @18%
What should i do now

While paying TDS under 26qb if i am getting this message Please enter proportionate share of Stamp Duty Value. What should I do?
I am keeping total value of consideration and total stamp duty value same

sir,
while checking Book of account for auditing 2 march invoice forgot to book in 2024-25 gstr1 return
Can we add this two invoice to june 25return.
is there is last date for updating missing /difference invoice .
Please update
Binu

sir to full fill table 13 period of tax means for for 1qtr 25 for b2b and b2c supply as i am submiting quaterly return using IFF, is i have to furnish detail of invoice for b2c supply too under gstr 1 table 13 (1) invoice for outword supply for p[er quarter or last month of qtr

I have sold my parental house inherited in 2022 after 23/07/2024 in March 2025. The house was built by my father in 2002. Will I get the indexed cost of acquisition or not?? Updated tax utility software is not giving the indexation benefit. Please advise
With regards
CA Pradeep Kumar Garg Meerut