If a house property is in name of mother and son with equal share and they sell the property on which there is a capital gain of rs 22 lakh which is to be shared equally between them. After this a house property is bought in the name of mother only using the amount received on sale. What will be tax implication in the hand of son and will he eligible for any exemption keeping in mind that the new property bought is in the name of mother only??
Our developer (underconstruction property is located in mumbai) is charging 8% gst on agreement value . Is it right ? We have registered an agreement on 11/06/2020
Who will receive the credit ?
A person workcontractor service and mobile selling two business running.
Question:
Dealer two business single gst registered accepted in gst act.
A piece of land was purchased in the year 1966 and sold in 2019-2020. What is the percentage of Capital gain with indexation and without indexation. The capital gain comes more than one lac.
G.Senthilkumar
Sir, my client doing labour supply to one of civil contractor on Sub contract basis and his turnover above 1 crore now is GST registration compulsory to my client ? Is there any Exemption Notification is there on Pure labour supply to contractors on sub contract basis ?
Kindly advise RCM applicable services and threshold limits for Per Transaction in details.
There is petrol pump dealer he wants to purchase tanker for supply of petrol and diesel
Can heClaim GST on purchase of truck
Tanker is used for the purchase of Petrol and Diesel
Respected Sir / Madam,
There are neither outward supplies nor are tax liabilities under RCM during the period April-2020 to June-2020. But, there is only one inward supplies invoice during the said period. Can a 'NIL' CMP 08 be filed for the above mentioned quarter?
Capital gain exemption in case of joint holder