Is is possible to opt for LTCG without indexation for property sale?
A plot bought in 1999 for 50,000 was sold in 2018 for 1400000.
With indexation Capital gain comes approx 1250000 (Taxed at 20% apprx 250000)
Without indexation Capital gain is 1350000 (Taxed at 10% apprx 135000)
Can I calculate LTCG in this case without indexation and pay less tax?
1) Please can any one provide me with the format of Declaration by First Subscriber(s) and First Director(s).... for SPICe Form 32
2) and is it required to prepare for each and every subscriber and Director,
3) is it required to be prepared on Stamp Paper or plain paper
4) notary required or not
Please help me in this regard
Thanks in advance
After obtaining a valid GST Regn no of a Courier Agent during 17-18 , NIL return has been filed till Sept 2018 but later on i heard by someone that he died and i personally could not trace out his residential address for personal communication . And due to non-communication with his family members , i could not apply for his cancellation of gst no . Problem is that he died on july 2018 most probably but Gstr 3b FILED till Sept 2018 ( i.e, three months return has been filed after his deaths also , ok ).
1) After death of a businessman also , three months return ( GSTR 3B ) has been filed but when i came to know the truth that he was dead then i stop filling his return ,
Should i face any problem for the above mistake or Not ? ( totally NIL RETURN )
2) If i could not trace out his address for communication with his family members , then how could i cancel his GST no ?
Regards
Dear experts,
Please guide is it required to show Public Provident Fund maturity proceeds received after 25 years of account maintaining in Exempt Income schedule of Income Tax Return? The assessee has declared interest earned on PPF every year in exempt income schedule of ITR in all the previous assessment years.
If it is to be shown, which amount to be shown- only principal contribution or entire proceeds including interest?
Thanks and regards
If a composition dealer converts into a regular tax payer and he having a stock and capital goods and he wants to get input tax in these but forgets to apply for ITC to avail u/s 18(1)(c) within 30 days in Form itc -01 .
Will he have any other option to avail the itc even if this period is over .
Dear Sir,
I live in a remote place in a District Town. Where There is no Registered supplier of Labour. Labour are engaged casual on the basis of Master Roll on Daily Basis.
Please Let me Know whether GST is applicable on Labour under RCM or Not?
As Early as Possible.
Thanking You.
Bikash Rai
If company is incorporated in F.Y. 2018-19. In that case what to be considered under net worth because under paid up capital head Zero value is not accepting in Form-DPT-3. Being first year of Incorporation previous year net worth is not available. Further, current year audit is also not completed up to 30.06.2019. Kindly provide the solution for the same.
Kindly answer the following queries relating to the Death of Proprietor:-
1. Whether we can continue the business with the existing GST Number till the Succession Certificate received.
2. Date of Cancellation (whether it will be date of death or any other date)
3. Whether there is a time limit within which we have to apply for new registration.
4. How we can file the pending GST Returns of the existing GST.
During the financial year 2017-18, tax invoices were issued to customer. But the taxable services in Gstr-1 were shown to the unregistered person.
In this situation, what can we do so that customer can get input credit ?
DEAR MY FAVORITE EXPERTS,
I MADE A CLERICAL MISTAKE IN GSTR 3B AT THE TIME OF ADVANCE ADJUSTED IN 2017-2018. SIR AT THE TIME OF ADJUSTED OF ADVANCE I INCREASED MY ITC AMOUNT INSTEAD OF ADVANCE ADJUSTED / LESS FROM OUTWARD SUPPLY. WHAT I DO IN THAT CASE. I explain to you an example
MY ITC IN MONTH OF JULY 2017 = 5000
ADVANCE ADJUSTED LIABLITY = 2000
IN THAT CASE AT THE TIME OF FILLING 3B I WAS ADD 2000 IN MY ITC . WHILE THIS AMOUNT SHOULD BE LESS FROM OUTWARD SUPPLY.
THIS CREATING DIFFERENCE IN MY GSTR 3B ITC AND BOOKS ITC.
WHAT I DO IN THAT CASE ?????
KINDLY HELP.
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Ltcg on sale of property without indexation