paresh parekh

Please let me know whether TDS needs to be made in case of payment to be made by non resident indian on purchase of immovable property in India from resident individual? If yes under which section &at what rate? Property value as per deed forty lakh. Thank you


Monika
05 June 2019 at 19:51

Transportation of gst goods

Hi i hv registered in gst in delhi, i purchased goods from delhi n sold it to a party registered in gst in uttar pradesh. But that party in UP, wants goods to b directly sent to haryana to his working site. Is it possible to get transportation of such goods from delhi to haryana, as most transporters are asking for gst registration of haryana. Please advise


Arpitha Kamath
05 June 2019 at 19:46

Article transfer

Hello Sir,

Im Completed 1 year of article and i gave the one time transfer but my marriage is fixed so i have to shift there .

so can they provide me to transfer of article to 2 nd year just 2 days before i completed my 1 year article

so please tell me sir how im get transfer



thanking You.....


Shakthipro badge
05 June 2019 at 18:43

Udin

DEAR EXPERTS
FROM 1ST JULY, UDIN IS MANDATORY FOR ALL ATTESTAIONS ,CERTIFICATES, GST AND TAX AUDIT REPORT. WHETHER UDIN IS MANDATORY WHEN WE SIGN THE BALANCSHEETS FOR NON TAX AUDIT CASES WITH TURNOVER LESS THAN 2 CRORES.


Lowrence

Dear All,
A firm is selling agricultural lands at Hubballi.
This is black soil land and 1-1/2 feet deep we can find that the land is solid, so that it can be fit for construction.

The person who took us for site visit, says he will register the Land on my name after I credit the 5000/- (per month) EMIs to His bank account starting August 2019, which he said he will Whatsapp me his A/c number. This 5000/- I need to pay him for the next 5 years (approx).

He has given the receipt of the said land, and the Non-Judicial agreement paper. I have paid him 25,000/- advance towards Development fee (he says needed for electricity, drainage work, etc).

My first doubt is he says he will register the land on my name after I pay him all the nearly, 60 months EMI.
Says he will take the amount for registration of the land at the cost applicable at that time.

Kindly advise me if this guy (S.S. Developers, Hubballi, karnataka) is a fake one or genuine firm.








Krishna Joshi
05 June 2019 at 17:35

Gift from relative

a land received as gift from mother -in-law is taxable or

registration charges is rs 79856.
please guide me.


anonymous

Whether rebate received from credit card company on payments made through the card considered supply under GST. Whether GST needs to be paid on it?


KEVANG SHAH

DEAR SIR,
I HAVE PURCHASED 3 HOUSE PROPERTY NEXT TO ONE ANOTHER. AFTERWARDS I HAVE DESTRUCTED PROPERTY AND MERGED THEM INTO ONE PROPERTY FROM MUNICIPALITY. NOW I WANT TO SELL IT. AM I ELIGIBLE TO SECTION 54 EXEMPTION..?


K.G.Shah

Sir, I am Sr,Citizen and I have received 100 shares from ancestral property.before 20 to 25 years. Due to allotment of bonus every 3-4 years, the market value of shares now become more then 40 to 50 Lakh. I wish to sale 3 lakh value of shares every year . My quaries are as under.
1) Suppose in June-2019 if I sold 1000 shares @ 300= Rs. 300000. Since the cost value is zero to me. So I wish to consider the cost as on 1st Jan-2018 ( as per the last budget amendment) which was also Rs. 300 . So long term capital gain is zero or say very negligible . If their is gain i will pay tax @ 10 % as long term capital gain. Whether my stand is correct ?
2) I have to file income tax return every year? Shares sold 3 Lakh, but capital gain is almost zero in 2019-20. and I have interest income of Rs. 3 lakh which is under taxable limit .
3) MY son says instead of sales of shares in open market, the 1000 shares be transfer to him at market rate, for which he will pay the amount so as to avoid borkerage on purchase and sales . Is it possible ? Then what will be tax impact on me as well as when he will sold the shares in market. The rate at which he will pay amount will be consider his cost of acquizition ? ... SO their some cofusion. I have contacted here some income tax advisor but they are not sure . Since i am not getting pension, I wish to liquidate the entire shares in next 10-15 years. What advise you will give. Please advise me here or send reply to my email id shahkg@rediffmail.com


Gaurav
05 June 2019 at 13:57

Exemption in gst

Respected Seniors,

Request you to please update, is there any exemption in GST to any Govt. dept contractor?
is there any documentary proof of the same. any certificate issued to any individual or local body by GST council to take Exemption from GST ?





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