Hi,

In FY 2017-18, I sold my 18-year old Flat for Rs 21.65 Lakhs. Assume that the correct Cost of the Flat to me after INDEXATION is Rs 14.96 Lakhs. So Capital Gain = 21.65 - 14.96 = Rs 6.69 Lakhs.
Apart from this I only have some Interest Income which I show in Schedule OS.

I have the following queries:

1. Can I use Form ITR-2 to file my income tax return ? Or I cannot use ITR-2 ?

2. If I can use ITR-2, is it correct that I have to fill 'Schedule CG' to show the sale of the flat and capital gain arising ?

3. Is it correct that I have to fill the 'Long-term Capital Gains section' i.e. section B in schedule CG (since I had held the flat for 18 years) ?

4. Is it correct that under the Long-term Capital Gains section, I have to fill the 'From sale of land or building or both' i.e. sub-section 1 ?

Regards,
Snehashish

Sir,

Sir I have Total Income for FY 2015-2016 is 250000 an for the FY 2016-17 is RS 250000 .In the year Fy 2017 -18 i have submitted 9lac rupees .

I want to know how much amount i can submitted and what amount to Tax i have to be Paid for this.

Hi,

If A share holder transfers his all shares after 03 years from the date of incorporation to Other Person, who is director in the same firm . What will be tax liability on capital gain ? and How can we calculate it ?

And if company declares the dividend in the company books, Is it possible that if one share holder can get the dividend as per his share holding in the entity ?

Dear Experts

A owns 5 cents of land. B constructs a property on A's land. Entire Insvestment is made by B only. The property is sold after the construction and the profits are shared on a agreed basis between A and B.

How does the taxability arise. Capital gains is payable by A or B?

Please Guide

Dear Sir,

My client has two business in the same state ( Same PAN).
One is Service segment and other is Trading. Total Turnover put together is below 1.5 Cr per year.
Now he is registered as Regular Tax Payer.
Is it possible to get registered under composition for trading sector and "Regular rate of Tax " for Service Sector ?

Dear Sir,

Is there any notification imposing Tax on advance received w.e.f. .01.04.2018??
Is there any notification imposing GST on reverse charge basis on services or goods received from unregister person??

dello sir /mam,
i have done one of th stupidest thing in my life i have use whitner in my articleship deed , so my question is will my deed be valid or not ?

CAN WE FILED IT FOR A.Y 2017-18 NOW

Dear All,
If a company take a insurance policy of 100000/- in which employees paid 50% amount for insurance then in that case is employee are allow to take tax advantage under sec no 80d .

Best Regards,
Pankaj jena

Sir,

One of my friend is doing servicing of printers and accessories, with a total income of less than Rs. 2,00,000/- per annum,

One of his customer, a company, has deducted TDS, on their payment in the Financial Year 2016 - 17, for which my friend has been served a notice by the Income tax department, asking for his income details.

Unfortunately, he could not file the returns before 31.03.2018.

Now, what is the way out and is there any possibility to get the refund of the TDS amount ? Can he file a manual return ?

What will be the consequences for non-filing of return before 31.03.2018.

Pls, advice.