I purchased a flat in 1982 with area 500 sq. ft for Rs.1.00 lakhs. The property was redeveloped and I was allotted a flat with area of 700 sq. ft. in the new building as per agreement signed and registered in October 2015. The possession of the new flat was received in February 2017. This flat was sold in February 2018 for a consideration of Rs. 1.40 crore. Will this transaction attract LTCG or STCG tax and what is the caculation of the same.

In Gujarat for the purpose of fulfillment of Sauni Yojna, government installing very huge pipelines through government contractors.

Compensation is paid by the contractor in respect of

- Growing crop
- Any Building
- Bore-well or Deep-well etc..

or against any damage to the person to whom any such damages occurred.

What will be tax treatment for such amount received for compensation only and not for acquisition? Will it be taxable or non - taxable?

Dear all

We are a manufactuer of company. We export goods through DHL to out side india.DHL and we located in maharashtra under GST Act but DHL charges IGST on every services
Please advice what types of GST like. IGST OR CGST/SGST will be charge by DHL?????
Regards
Praveenkumar Varma

XYZ(Manufacturer) withdrawing samples of raw material, semi – finished goods and finished goods for Q.C. testing within factory. The samples get consumed / destroyed during testing. Is XYZ required to reverse proportionate input tax credit / pay GST on such samples?

Dear Sir,

My sister thinks I keep an eye on my father's property. But I have neither the intention nor any desire of any property.

So, What Document do I need to execute to relinquish my right in any of my father's property? {My father wont remove my name from his will}

Hello CA Club members,

In my 26AS form, I noticed an unknown entry. A company in Kolkata has used my PAN and has shown that they have made deposit in my account. However, no such transaction has happened. How can I contest this dubious entry. Thank you.

Regards,
Pinkesh

Hi,

A company which name is ABC Ltd. booked a hotel for a conference , inside which also book hotel rooms and after that
provide some rooms to its client , and charge some amount .

should this company issue tax invoice for rooms which it provide to its client or adjust received amount with hotel
accommodation cost which company occur out of its pocket.

Provide your answer for a GST registered company .

Thanks

Respected Experts,

We have wrongly availed ITC of Rs. 4112 as IGST in m/o of July-2018 instead
of Rs. 2056 as CGST & Rs. 2056 as SGST. Today we found this correction.

Sir, We are manufacturer of Footwear & we have sufficient balance of GST in Credit Ledger
in all the months of 2018-19.

Sir, my query is that can we adjust this correction in the m/o Feb-2019 by taking less IGST Rs. 4112
and add CGST & SGST by Rs. 2056 each or we have to deposit IGST through cash ledger with interest.

Please advise sir.

Regards,

Rakesh Sharma

For experts opinion please:
Does SEBI Rules invalidate shares held in physical form after 31-March,2019.
Can holder of physical shares DE-materialize after 31-March 2019
Does that mean the restriction applies to transfer and not holding physical shares.

I had invested in a particular ELSS Direct (Growth) fund lumpsum 3 yeara ago to save tax u/s 80C. Now, on completion of the lock-in period that fund has given good return (56% absolut). Would it be advisable to invest again in that fund this year after redeeming the old units?