FACTS :-
1. Land was inherited.
2. Assessee constructed hotel building on it during FY 1995-96
3. Hotel business has been running since then and Depreciation is being charged on Hotel bldg.
4. Now opening balance of Building as on 01/04/20 is say Rs 75.00
5. How to calculate LTCG if assessee wants to sell this Hotel for Rs 200.00 ??

Please help...!!

Sir,
is there any possibility to extend the due date for GSTR9 & GSTR-9C ?

The Memorandum of Association and the Articles of Association of a company were delivered to the Registrar on 10 June for registration. On 15 June, the Registrar issued the Certificate of Incorporation but dated 10 June. The company made allotment of its share on 12 June. The allotment is challenged on the ground that it was made before the actual date of incorporation. Is the allotment of shares valid?

Gstr1 filed time error

CAN ANYONE HAVE DRAFTED GROUNDS OF APPEAL AGAINST THE ORDER FOR DIFFERENCE IN GSTR 1 & GSTR 3B

My father is a salaried employee having 2 house property can he file ITR 1 if not what ITR Form should he file. Kindly help me with the same

Hy All !

Factory rent is direct cost or indirect cost( Proprietorship firm)
If its direct cost, please mention its legal section or As.
I am showing factory rent in indirect exp.

my honourable friends, i have one doubt .
iam going to write my Ca inter exam coming may 2021,if i passed my both group of ipcc and having a articleship 18 months completed can i go industrial training .iam i eligible. as per icai new rules

Can we claim Depreciation on machinery only on the basis of Trial run but no commercial production start as per co-act

Dear sir/Madam,

I have one doubt regarding deduction of TDS .
one of my Vendor Submitted Lower deduction certificate for deduction of TDS upto Rs 5.5 Lakhs TDS Rate will be 0.20%
here vendor is raised one invoice Basic 1.8 Lakhs+gst 32.4K=212.4K.
and another invoice is raised for Rs 4 Lakhs+gst 72K=472K.

while calculating tds amount on how much amount Lower rate will be applied (i.e 0.20%) and on how much amount Normal rates will be applied (0.75% or 1.5% as per sec 194C)

Please Reply me as early as possible
Thanks in advance,
Regards,
Bheema Reddy.