if i m individual and i was not director in any company in past but i have unlisted shares should i have to mention in ITR ? or is this only for who were director in company ?

DEAR SIR,

ONE OF MY CLIENT LEASED HIS COMMERCIAL PROPERTY OF RS. 300000/-. NOW MY QUESTION WHETHER GST APPLICABLE ON LEASE PROPERTY. BECAUSE HE IS NOT RECEIVED ANY RENT FROM HIST CUSTOMER.

PLEASE CLARIFY ME

REGARDS

Dear Experts,

One of my client; a partnership firm, Say Firm A, of a husband and wife; had constructed a hotel building. Now another hotel group (a Company Say B Ltd) came with a proposal to run the business in a partnership Say Firm C. Since the partnership cannot enter into another partnership, the partners (Firm A) in their individual capacity had joined in a partnership with B Ltd. B ltd's Proposal is to take the Hotel on Lease by Firm C and pay Lease Rent @2 Lakhs per month to Firm A and equal sharing of profit from Firm C to the partners of Firm A. But B Ltd also proposed the Hotel should be fully furnished. And they want Firm A to take registration under GST now; So that Firm A can take Input Tax Credit of further purchases like Air Conditioners, Beds, Cots, Electrical Equipment and Lights, Generator and other such Plant and Machinery. And Firm A had got themselves registered under GST. And bills were issued for further purchases, but Lease Rent had not started. My doubt is on how to take IPT? Since the goods will form part of Fixed Assets of Firm A, whether IPT can be claimed as IPT on Capital Goods? But B Ltd is of the opinion that IPT can be claimed at a stretch, i.e monthly basis as a whole. I think it can be taken as 60 Months IPT (12*5 Years). Please help me to sort this out

Hi,

I just want to know earlier i have invested of Rs.5,00,000/- at some Life insurance company. after 5 years i had received Rs.6,00,000/- as maturity of policy.

Please suggest me what is taxable amount ?

Regards,
Arun Kumar
Email:arun.rout86@gmail.com

Dear Sir,
Whether medical expenses incurred on wife treatment are allowed as deduction or not ? If yes then how much and under which section ?

Two Business are running with Same PAN No. One is Registered in GST with its Trade name , but other is not registered in GST, due to engaged in Fully Exempt and Non GST Supply. MY query is That For the purpose of GST Audit , Is aggregate turnover includes the turnover of business not registered under GST.

Whether the dividend received from a mutual fund is taxable or not ?

Dear Experts,
Please guide me on the following points for GST.
One of our company had constructed bungalow on lease property. The lease is for the period of 999 yrs. Construction is near to complete but OC is not received from Municipal corporation. Now company want to transfer the lease property to its Director along with bungalow constructed on the lease property. Company want to make two agreement one for transfer of lease property and second is for sale of bungalow. Company had not take any credit for materiel used for construction of bungalow till date.
Please guide us who the GST will be calculated.
1) Will GST applicable to lease property also.
2) What will be rate of GST on transfer of bungalow on the said lease property.

Company say GST should be applicable only on construction cost and should not be applicable to lease transfer.
Please guide me on the subject.
Thanking you,
With regards

HELLO SIR,

MY CLIENT IS TRADING IN EQUITY STOCK MARKET AND IN HIS STATEMENT OF PROFIT AND LOSS I FIND THE INTRADAY ACTICITY AND ALSO TRADING ACTIVITY IN SHORT TERM ,
CAN I FILE ITR 2 FOR INTRADAY AND SHORT TERM TRADING?

in 1st qtr bill value of creditors crossed 30000 in single bill. but its not certain that the business would go on with him.

last year maintain single value Rs 30000 we have deduct TDS . after 4-5 month another bill comes . but total value
not cross limit Rs. 100000. so what should be ? not finding right way . pls help