My agricultural land satisfies the conditions as specified for the rural agricultural land i.e land is situated at a distance of more than 8 km from the municipal corporation and population less than 10000. But I wanted to know if whether sale of this land would be taxable if some development was done before the land could have been sold to the purchaser.
The recent TCS (Tax Collection at Source) provisions will be applicable on purchases (other than Coal (not used for trading & Form 27C) & Import of goods) exceeding Rs 50 lakh from any vendor wherein they will recover TCS from the buyers and buyers need to account for the same as TCS credit similar to TDS credit. Kindly enlighten on this.
Regards,
Jayanta Bandyopadhyay
Howrah
14/9/2020
Immovable property having Market Value Rs. 33,00,000 and Stamp Duty above Rs. 50000 is received as gift from relative (Father's Sister and Her Husband) , is it Taxable under Income tax?
According to section 88 of the Companies Act, every company needs to maintain a register of members. Failing to do so will attract penalty under subsection 5 of section 88.
For a private limited company, (where the transfers are not very frequent) is there any requirement to file the updated list with the ROC/MCA ?
If yes, then what is the time limit for filing this information with the ROC/MCA ?
Regards
Samik Dhar
Dear Experts,
Ours is a limited company.
Few clients paid advance in the years 2017/2018 but have not paid balance amount nor are responding to our calls to pay the balance amount and take the goods. No GST was paid for these advance receipts earlier.
So, we are converting these advance receipts to cancellation charges (indirect income).
How do we show it in accounting in GST?
Is GST to be paid for such amounts?
Please clarify.
What is procedure for incorporating a new company
Dear Experts,
If I joined a company in December 2019 and received the salary for the previous month on the 10th of the next month, for how many months can I claim TDS for A.Y.2020-2021. Can I claim TDS for 4 months because I receieved salary for 4 months or only for 3 months as the previous month's salary was received in the next month? Only tds for 3 months is being reflected in my form.
Thank you.
Can i file a income tax return for financial year 2017-2018
A gst new registration partnership firm.
1.how much amount stamp paper value for partnership deed.
2.rent agreement time period minimum 11 months accepted.
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Foreign company