mahi devta

Profit From trading in MCX income tax Rate & which income head?


Somnath

Dear All
What are the list of Exampted Allowances or Head of income for salaried employees after 2025 budget (New Tax Regiam) ?
Local conveyance @ Rs 1600/- PM is still exampted for FY/25-26 tax computation or not ?
Perquisit value for rent free accomodation outside from home town location is taxable or not ?

Plz reply with notification.


Venkateshwarlu Pulluri

can we transfer or claim refund of Input tax credit of deceased proprietary business, actually this case is a lodge installed by ACs and other electrical transformers etc. (ITC claimed) and GST paying on rental income on running of lodge, all of sudden the proprietor demised, there is input tax credit in the business Her son is taken over the charge of said business, can we transfer said ITC to him and what is the process


ARCHANA

Sir/Mam,

Our office services taking in bangalore(from GST holder Bangalore ) and our billing address in Hyderabad, which tax applicable IGST or CGSTand SGST

which tax applicable plz suggest

Thanking you


Backup One
05 February 2025 at 11:37

Offset LTCG on property sale

Hello,

My LTCG from selling a house is INR 1.8 CR. To save tax on this LTCG, I have done the following

1. Bought CG bonds for 50L
2. Bought apartment for 1.2 CR (base price). I have also paid Registration fee, Stamp duty, Surcharge and Cess totaling to 7.92L

Can I include 7.92L in offsetting the LTCG or not?


VIKAS KUMAR SHARMApro badge

Sir one of csc centre(individual) deals in money transfer and get cash payment from customers and transfer from his current account to others. And withdrawl money from aasdhar also. IRCTC ticket booking. Now his transaction in account exceed 22 lac in previous year and he earned Rs 328000
should he need to take gst? if yes than his liability becomes more than earning. For every Rs 1000
transfer charged Rs 10 as service charge
how to deal account for ITR and gst?
please suggest


Srimannarayana
05 February 2025 at 10:37

If ITC not claimed is there any issue

ITC availed but not claimed in previous years is there any issue


D M

Hi Team,
I would like to ask If property jointly hold by Mother & Son's name is it possible to make the Rental Agreement in just Mother's name?

Thanks,


kanchan

Dear All,

I need guidance in regard to filing of required letters format and documentation but without help of agent or lawyer. Please 🙏 guide me...

Thank you and Regards,
Kanchan
Kulkarnikanchan1988@gmail.com


Hafiz

I am a contractor involved in construction of residential houses.
Most of the work has been assigned to sub contractors on works contract and completing accordingly.
If my sub contractors are not covering under GST, whether am I need to charge GST to my clients (whether gst is applicable)?
I think in Works contract we can take input only in case of furtherance of business only?
Please advise.