I would like to clarify the following

Whether exemption U/s 54 available in case reinvested in housing plot (Vacant Site) ?
(to the extent of capital gain arrived Out of the sale proceeds of Vacant housing plot )

i.e. Ms. Kavitha got some Vacant land through inheritance in April .2018 (Which was originally bought by her Grandfather in 1986) and the same has been sold out in Dec.2019 . She reinvested the Capital gain portion only in Housing site and start the construction of the house through another one builder in Dec.2020. Whether this can be claimed as an exemption U/s 54?


What will be the impact in case she just reinvested the capital gain in Vacant housing site and not start any construction within 3 years from the date of property sold ?

what is GST input set off rule from GST liabilty.

Respected sir/Ma'am
I want to apply for IPCC through direct entry scheme. As per the requirements they asked for 55% with commerce streame and i have 54.52% in my graduation. Now, I am confused whether i am eligible or not. Please do needful.

are unilateral and bilateral contracts a part of an executory contract, and also do only contracts with outstanding obligations are included in them( unilateral and bilateral)

I have sold my restaurant business along with the tenancy right for 2000000 in 2020. I have acquired the business in the year 1996 for 50000 . What are the tax implications, capital gain tax etc. Can I apply for 54ec capital gain bonds ?

Respected Sir,

I want to know the GST Rate on Kulcha, Pav, Burger base material Pizza Bread

We started new fabric supply business. Our old business was steel. Can we purchase fabrics from other states under same gst no. Will there be any issue from gst authorities? Please clarify?

SIR
We are a GTA at Namakkal. We have to send the tyres through vehicle to Pondicherry for our trucks for the purpose of replacing the old tyres.
Plz guide me what are the documents to be given for sending the tyres.
thanks in adv

As per the Notification no :39/2017 - Integrated Tax ( Rate) Dated 13 Oct 2017
“(vii) Composite supply of works contract as defined in clause (119) of section 2 of the Central Goods and Services Tax Act, 2017, involving predominantly earth work (that is, constituting more than 75 per cent. of the value of the works contract) provided to the Central Government, State Government, Union territory, local authority, a Governmental Authority or a Government Entity. Applicable GST Rate 5% ,

My Query is Can a Sub Contractor use the Benefit of above Mentioned notification and Charge 5% GST on Taxable Supply to Main Contractor who are providing Services to the Govt

Person A has earned income
1) from April to September as employee and no TDs is deducted from his employer
2)from September to December he worked as independent contractor and 10% TDs is deducted every month during this period
3)from December to march he again worked as employee tax is deducted here

My question is which itr to be filed ?

Thanks in advance