Backup One
05 February 2025 at 11:37

Offset LTCG on property sale

Hello,

My LTCG from selling a house is INR 1.8 CR. To save tax on this LTCG, I have done the following

1. Bought CG bonds for 50L
2. Bought apartment for 1.2 CR (base price). I have also paid Registration fee, Stamp duty, Surcharge and Cess totaling to 7.92L

Can I include 7.92L in offsetting the LTCG or not?


VIKAS KUMAR SHARMA

Sir one of csc centre(individual) deals in money transfer and get cash payment from customers and transfer from his current account to others. And withdrawl money from aasdhar also. IRCTC ticket booking. Now his transaction in account exceed 22 lac in previous year and he earned Rs 328000
should he need to take gst? if yes than his liability becomes more than earning. For every Rs 1000
transfer charged Rs 10 as service charge
how to deal account for ITR and gst?
please suggest


Srimannarayana
05 February 2025 at 10:37

If ITC not claimed is there any issue

ITC availed but not claimed in previous years is there any issue


D M

Hi Team,
I would like to ask If property jointly hold by Mother & Son's name is it possible to make the Rental Agreement in just Mother's name?

Thanks,


kanchan

Dear All,

I need guidance in regard to filing of required letters format and documentation but without help of agent or lawyer. Please 🙏 guide me...

Thank you and Regards,
Kanchan
Kulkarnikanchan1988@gmail.com


Hafiz

I am a contractor involved in construction of residential houses.
Most of the work has been assigned to sub contractors on works contract and completing accordingly.
If my sub contractors are not covering under GST, whether am I need to charge GST to my clients (whether gst is applicable)?
I think in Works contract we can take input only in case of furtherance of business only?
Please advise.


Priya Jain
05 February 2025 at 07:57

Leaves on article ship

I am currently serving my articleship which is set to complete in april 2025. Due to an excess leave of 120 days, I am seeking clarification on the possibility of serving the remaining extension period with a new principal.


PURUSOTTAM PANDA
04 February 2025 at 22:35

Updated return u/s139(8A)

Can a nil tax return be filed u/s 139(8A)?

Please share your views with reference to filing experiences.


sachin Alwadhi

HI

UNDER SECTION 54 ANY REBATE AVAILABLE FOR SHORT TERM CAPITAL GAIN FOR AY 2025-26
FY 2024-25?


Nagaraj

Hi,

As per the the JDA, the builder has given payment of rs. 10 laksh to landlord as non refundable security deposit and in his books as payment to landlord under profit and loss account.

Whether this amount is included or excluded for calculating 80% : 20% rule for RCM payment ?






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