Flat purchased from builder
Date of Registration - Mar-2023,
Expected RERA date of possession - Dec-2025
While date of registration is Mar-2023, property is still under construction
Current Home Loan (before possession) has been taken to pay the builder
I plan to sell a residential plot say that materializes in Jan-2025 or Feb-2025
I have 2 queries :-
1. Can date of possession be considered for exemption on LTCG tax (as property though registered is not under my possession) for LTCG tax exemption of residential plot.
2. Can home loan principal payment will be considered for exemption on LTCG tax
Please advise
The Ministry of Education has issued guidelines that prohibit coaching centers from enrolling students under 16 years of age.
a) Does that apply to Private Math tuition center also providing Math tuitions to class 1 to Class 5?
b) a) Does that apply to Private tuition center also providing private tuitions to class 1 to Class 5?
My banker has deducted TDS on cash withdrawal at 20% and filed the same under No PAN furnished case eventhough my PAN has been properly linked with my bank.
Now the bank branch says they raised a complaint on this to correct the issue and advised to file the ITR without reflecting TDS in 26AS and bank will provide necessary proof on further enquiry by income-tax.
Is that a good option to do so... please share your valuable advices.
R/experts
1. Is RCM applicable on shop rent paid by Composition dealer to unregistered person as per latest amendment.
2. Is RCM applicable on Shop Rent paid by Regular Taxable Person to unregistered person/partners of firm.
3. if RCM applicable, Rate of GST
Thanks
Sir,
We Imported Machinery in 2018 and was used in our business and Depreciation claimed. Now we need to sell the machinery within India . How much we can charge GST & how can arrive the basic value.
Plz guide
ASSESSES HAVING A TURNOVER OF RS. 2.19 CRORE HAVING RECEIVED ALL PAYMENT VIA DIGITAL PAYMENT SYSTEM (LIKE RTGS , NEFT, UPI) WANTS TO FILE RETURN UNDER SECTION 44AD CONSIDERING REVISED LIMIT OF RS. 3CRORE ??
REVISED LIMIT IS APPLICABLE FOR A.Y. 2024-25??
IS IT POSSIBLE ??
In which schedule will the partner report salary profit and interest capital income in his income tax return form? And on what schedule will the show be held?
How many limits of AD code's to be update in this Icegate portal ?
please share the Notification if any relates to this.
Sir,
MR.A land leased 25 years to Mr.B after Mr B land place construction godown few years sales of godown along with land to Mr.c
Question:
Above transaction tax applicable in it act.
Business Between a LLC in US and Partnership Firm in India