G.Soundararajan
05 December 2017 at 10:54

Capital gain

SIR,
MY CLIENT IS A NRI HE IS GOING TO SOLD A HOUSE PROPERTY SITUATED @ CHENNAI THE VALUE IS MORE THAN ONE CORE. THE BUYER IS GOING TO PAY IN INDIAN RUPEES ONLY. THE BUYER IS ALSO NRI.
IN THIS CASE MY CLIENT IS WANTS TO PAY LONG TERM CAPITAL GAIN FOR SALE OF PROPERTY.
KINDLY CONFIRM HOW MUCH HE WANT TO PAY TDS FOR THE A.Y.2018-19 ON BEFORE REGISTRATION.
AND ALSO HOW MUCH HE WANT TO PAY LONG TERM CAPITAL GAIN FOR SALE OF HOUSE PROPERTY FOR THE A.Y.2018-19.
THERE IS ANY SPECIAL EXEMPTION FOR NRI PEOPLE IN LONG TERM CAPITAL GAIN FOR SALE OF HOUSE PROPERTY .


CA Mayur Todmal
05 December 2017 at 10:35

Export of service

Dear All,

Need clarification
I am little bit confused w.r.t compulsory registration for export of services, as per notification https://cbec-gst.gov.in/pdf/integrated-tax/10_2017_IT.pdf interstate supply of service is exempt up to 20/10 lakhs. But as per opinion of senior speaker at seminar he is saying , export of service needs registration from day one.

Please clarify whether registration is must or not?



Anonymous
05 December 2017 at 10:08

Income from profession

Dear Sir/Madam

I want file a ITR for a person, his income comes under "Income from Business and Profession" head . He is not maintained books of accounts. Here Computation of Income required for him

Regards


subbu123
05 December 2017 at 10:05

Gst applicable on conveyance

Dear all,

Please tell me GST Applicable or not on Conveyance.

One Service Engineer Pvt Ltd provided Machine Service he is submitted bill like this.

Basic Amount of Repair Rs.4,700/-
Conveyance Rs. 3,000/-
IGST 18% on (7700*18%) Rs.1386/-

Total Rs.9,086/-

As per my knowledge

Basic Amount : 4700/-
Conveyance : 3000/-
IGST On (4700 * 18%) : 846/-
Total : 8546/-

Please give me replay which one is correct.


Tirth

How to file GSTR1 for the quarter of July to September ? System is throwing error , while selecting the months of July, August, September. Anybody have any clue for this issue ?


Fawaz Malappuram
04 December 2017 at 23:51

Provision for tax in fs

Helo Experts
Pls help me to clarify the below given doubt
I will explain with example..
TDS-25000, Tax -20000
In the given case..how much will be the provision.. full tax liabilty 20000 or net tax liability 5000
Is Amount to be shown under BS is 5000?

What will be the answer if TDS is 25000 and tax is 30000


Rajendra Hegde
04 December 2017 at 20:58

Return of job work goods after processing

Dear sir/madam, what should be the documents to send while returning goods after work is completed? Whether should I prepare my own job work return delivery challan by mentioning principal's DC no & my job work charges tax invoice?





Anjan S Mehta
04 December 2017 at 20:51

I t c

Dear All,

This is my general query to all, pls tell about eligibility of Input Tax Credit. In any business which I T C can be taken or which is related to only business.

thanks



Anonymous
04 December 2017 at 20:03

Capital gain sec.54 & 54 ec

Dear sir,
Suppose Mr. X having two houses in which one of them was received as gift. Now he sold these two houses.
Ex:
House A- Rs.1crore Jun-17
House B- Rs.30lacs (sale date Dec-2017
He invested the money in NHAI bonds of Rs,50lacs and purchased a flat of Rs.30lacs. Can he invest the amt received from house b in NHAI bonds in next year Apr-18?

Calculation
Sale Value : 1cr
Indexed COA :11lacs
Balance amt 89 lacs
Invested in : 50 lacs
Nhai

Invested in
Property :39lacs
Balance amt : 11 lacs (Can he invest in another asset or he has to pay CG tax)

House B:
Sale Value :29lacs
Indexed COA :10lacs
Balance : 19 lacs (Can he invest these funds in NHAI in next year)




Anonymous
04 December 2017 at 20:00

Regarding tds adjustments

Hi sir,

Please confirm If X Company id Deducting TDS of Rs 1000 for Y Company. Y Cmpany is Deducting TDS Rs 800 for Z company.
can we adjust & submit the rest amount of TDS of Y comapny like 1000 - 800=200.

If yes than what is the way & if no than why.

Please clear us. 7027616000






CCI Pro



Answer Query

Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details