Purchased a property, constructed some flats on that property now selling individually.

Query 1 . How to calculate capital gains on it?
Means what will be the cost of purchase as plot was purchased and now we are selling in part.
Lets say 100 rs property was purchase and now being sold @30*4, some will be sold now some to be sold later on. So how to arrive at capital gain for the purpose of Income tax.
Query 2. Is cost of construction allowed if paid in Cash, runs in several lacs.

Thanks

Sir,
we are raising invoice to our customer vide Inv No.0001/21-22 Dt.09.12.2021 value of Rs.42716/-(Value-Rs.36200/-+C-Rs.3258/-+S-Rs.3258/-(18%).GSTR1 also filed.Now the customer asked and argued to us, it is actual GST rate 12% we will accept the same and they want to raised credit note for the difference tax only (Value-Rs.36200/-+C-Rs.2172/-+S-Rs.2172/-).How to we made the credit note for difference tax amount in tally .pleas anyone suggest me

Excess paid Interest .5 can be claimed for Next delay of Deposit Of TDS because we have to calculate interest @ 1% instead of we deposit Interest 1.5%.

Dear Experts, some GTA have not filed their return, so auto population of RCM liability has not come in GSTR 3B. We have to fill it manually in liability column, but when we fill it in ITC Column, its tile become "RED". Every time we are facing this problem.

Kindly guide us how to get it permanently resolved.

Regards,

Rakesh Sharma

Hi All

One of my clients is a private limited company with a turnover of Rs. 9 Crs. They do not have any loans. Their share capital is Rs. 1.20 Crs. Is CARO provisions get applicable to them ?

Thanks in advance.

Dear Experts,

Please tell me , what is the monthly limit of cash expenses

We are a registered partnership firm having an Investment in a private limited company. We have sold the shares and capital gains has arisen to our firm. Kindly provide the ways through which we can save our capital gains tax.

Share certificates are in the name of the firm only, and not with any individual

SIR / MAM
Our client is a director in a Pvt Ltd Company
He has also started a proprietorship firm and a Partnership firm in the address of PVT Ltd Company
If all the registered office addresses are in the same place, any issue for business?
Please advice us
Thanks in adv

Hi, I have filed GSTR-1 of September 2017 of SEZ supply with payment of Duty but filles GSTR-3B in column No. 3.1 (a)outward taxable supply other then zero rated instead of 3.1 (b) outward taxable supply Zero rated. so email received from ICEGATE that Invoices not transmitted to ICEGATE because of Negative ledger balance. You may use table 3.1(b) of subsequent GSTR-3B to fulfil this difference and the GST System shall transmit invoices upon successful validation.

this transaction is f.y. 2017-18 how to solve in this year

Turnover = ₹ 4,07.000
Net Profit as per P/L before appropriation = ₹ 49313.5
Share of Profit of Partners after allowing Interest on Capital & Remuneration = NIL
Assessee = Partnership Firm engaged in Business
Whether Firm is liable for Tax audit? Which Profit has to be treated as Profits & gains from business- Net profit or Share of Profit after Interest & Remuneration?