Hi There,

I have a question related to capital gain on my property sold.

I purchased a flat by entering into an agreement of sale (Notarised) in Nov 2013 for 28 Lacs and got the possession in Oct 2016. The sale deed was not registered at this time but was done in Jun 2018 (Stamp duty paid 3 Lacs).

I sold this flat in Dec 2019 and the sale deed was registered for 40 Lacs.

My question is what will be the nature of capital gain here- Long/Short term?
Amount of capital gain tax for AY 20-21.

Thanks in advance.
Regards

Dear all

Mr. X is a builder
Flat value 50lakh
Semi finished flat was sold for 35 Lakh
for remaining work 15 Lakh he entered in to construction agreement with buyer on same day

Doubts
Now builder has to pay GST 5% on 35 Lakh and 18% on 15 Lakh
Or
5% on 50 Lakhs

please clarify me

Dear Sir/Madam

credit Note and Debit Note raised by vendor and it is reflected in 2A, In GSTR3B where should I report these.

A GST registered taxpayer is filing return for Jan 2020. He is having RCM liability. He files the return on 20.05.2020 for Jan 2020.

He discharges his RCM liability and takes ITC in Jan 2020 return.

Whether he is eligible for the ITC in Jan 2020 or in May 2020.

dear sir,
supply of live fish is exempted under gst. whether live fish cutting and cleaning charges, transportation charges exempted under gst or not? If taxable which rate is applicable.

We issued a e way bill to deliver the material but the buyer denies to accept the goods and 4-5 days have elapsed now the E way bill can not be cancelled and hence Sale bill too can not be cancelled..Buyer also denied to issue any debit note..
What is the remedy of the same Sale has not taken place in actual so i suggested to issue credit note ...is it ok?

Dear Madam/Sir

Whether sale of scrap (like TMT Scrap, Structural Steel Scrap, Cement Bag Scrap etc.) in construction sector attract TCS U/s 206C(1H) ?

Regards,
Dilip Baranwal

Dear Sir/Madam,
Please suggest following queries:
GST on CRYPTO (BITCOIN) TRADING and ICO:

1. What's on impact of GST
2. Income from Bitcoin (Crypto) is Taxable or Exempt from GST
3. Incase if Taxable , on which things need to pay.
i) Tax on profit (Sales- Purchase= Profit)
ii) On what I received in Bank.
4. HSN /SAC Code of Crypto

Thanks

If the Gross Receipts from Profession is less than Rs 50 lakhs , loss arising from Profession which is less than 50% of the Gross Receipt and the Total income does not exceed the basic exemption limit i.e Rs 3,00,000/- (in case of senior citizen). In this case , Tax Audit is required or not ? Please guide us.

SIR
We are exempted GTA. We are incurring the repairing charges for the trucks. As service units are very small units, they do not issue GST invoices regarding the repairing charges. We also accounting them.

We have to face any problem sir?

thanks in adv