House property purchased in F.Y. 1996-97 under GPA. What is the tax (Capital gain) treatment If registered the same in F.Y. 2019-20 in his own name or family member name.

If a capital gain arises in the name partnership firm by selling land (LTCG). The doubt that arises here is that for claiming exemption u/s 54EC whether the partner individually should invest in their name or the partnership firm should invest in its name in NHAI or RECL bonds. What do the Act say in this situation

Kindly reply in details.

HI

WHAT SHOULD THE PERIOD WE HAVE TO FILL IN AT THE FIELD "PERIOD OF ACCOUNT FOR WHICH APPOINTED" AND "NUMBER OF FINANCIAL YEARS TO WHICH APPOINTMENT RELATES" IN FORM ADT-1 FOR APPOINTMENT OF FIRST AUDITOR BY BOARD OF DIRECTORS IF DATE OF INCORPORATION IS 09/02/2019.

KINDLY REPLY. THANKS IN ADVANCE.

Someone please help me on who can be the trustees of a gratuity trust and specifically can the directors of the company be trustees of the gratuity trust?

Dear All

My residential flat in Mumbai was acquired by a builder for the purpose of redevelopment. In return, we received hardship allowance, rental reimbursement, shifting allowance and finally a new flat against the redeveloped one on 3 years time.
I have now decided to sell the newly redeveloped house property and want to understand the tax implications.

Important time frames of the deal -
Acquisition year of the original house property - 1986
Date of registration of agreement with the developer - Dec 14
Date when possession was provided by developer for the newly developed property- May 18

Queries assuming I sell the house property in 2019 (After April)
Will the sale be considered LTCG or STCG?
What will be the Cost of acquisition on this sale?

I have filed GSTR 1 and GSTR 3B for the month of dec-18.I have missed out one B2C Sale bill in GSTR 1 and i have correctly filled total Outward taxable supplies in GSTR 3B for the month of dec-18.Gstr 1.Now showing the difference between GSTR 1 and GSTR 3b.GSTR 1 total out put tax i filed Rs.58.58/-(actual Rs.89.70/-) & total out put tax in GSTR 3B IS 89.70/-.So the difference between gstr 1 and gstr 3b is 31.12/-.How can i resolve this issue?? can i amend the gstr 1 in feb month filing?

Sir, for the month of Jan (TDS deducted on 29/1/19) we made the TDS payment on 7/03/19 but int on late payment is charged only for 2 months ? I would like to know that if we have charged the interest correctly ? and if not then can we make the short payment of int on late payment of TDS now after 7/3/19?

Hello Sir,

I have sold a residential house Rs.70,00,000/- after a period of 10 years from its acquisition, getting a LTCG Rs.51,13,320 after indexed cost formula and purchased a new flat worth Rs.40,92,600/-, still getting a gain of Rs.10,20,720/-, please advice where i can utilize this amount except depositing the complete gain in Government specified bonds and also don't want to pay tax @20% on this gain.

Thanking you.

what is the revenue and profit of a travel booking company?
Do we consider the commissions and service fees as revenue or profit?

Few experts say that it is mentioned in GST law that ITC cannot be claimed for expenses that are incurred and valid but cannot bring any output to the business. Is this true