Sir I have Two wheeler sub dealership under which paid me some %as a commission plus I have workshop under which there is spare sale So I want whether I can opt for composition scheme total is below 25 lakhs
A and B sold a residential property in June 2015 and claimed deduction of Rs. 20.00 lakh u/s 54 by investing in a residential plot in August 2015.
Cost of plot purchased Rs. 100.00 lakh. Construction cost thereon is RS. 50.00 lakh from September, 2016 to june 2017. In june, 2017, they got the completion certificate thereon.
Now they want to sell the residential property floor-wise. Total floors are three. They are selling one floor for Rs. 85 lakh in October, 2017. Other floors will be sold in future as per convenience.
The points for consideration are : -
1. As the property purchased by availing deduction u/s 54 is sold within 3 years of purchase/construction, whether, the said Rs. 20 lakh would be deducted from the cost of acquisition for the new property.
2. As the one out of three floors are sold, Whether, total Rs. 20 lakh would be deducted from the cost of acquisition for the new property or only 1/3 would be deducted.
3. What will be the date of acquisition of new property i.e. August, 2015 alongwith construction cost as cost of improvement or June, 2017, as the new property (residential property) came into existence.
4. Is it possible to divide the sales consideration of Rs. 85 lakh in two parts i.e. one towards land and other for building constructed thereon. Thereby, claiming Long Term Capital Gain on sale of Land and treating the capital gain on building as short term.
5. Whether, the long term capital gain generated as above, is eligible for claiming benefits u/s 54 or 54EC or either of two.
Please provide relevant case laws
Will I get 100% of VAT Input credit in GST? I am not an excise dealer and dont have any purchase from excise delaers.
Are retirement benefits (Gratuity & Leave Encashment) received from MSEDCL (Maharashtra State Electricity Distributon Co. Ltd.) taxable ?
More than 51% of the stake is of Government.
Please resolve my query.
IN OUR MVAT TIN NO..........
WE ARE DOING.....3 DIFFERENT TYPE OF BUSINESS......UNDER 3 PROPRIOTERY CONCERN....
IN GST APLLICATION
IN SAME WAY.....ONE GST NO.....WE CAN DO THREE DIFFERENT TYPE OF BUSINESS ????
HOW ALL 3 DIFFERENT.... BANK ACCOUNT ,....,,,,IN GST SUBMITTED,,,,HOW 3 SUBMITTED ???
HAVING 6 MAJOR HSN CODE FOR .EACH BUSINESS...........HOW MAJOR 18 HSN CODE UPDATED ???
CAN WE DO....IN GST
DIFFERENT BUSINESS...IN ALL ...DIFFRENT PROPRITOREY .......IN ONE GST NUMBER
HOW ALL DIFFERNT BANK A/C SUMITTED
HOW ALL MAJOR,,,18 HSN CODE SUBMITTED
ATUL B SHAH--9969069215
EML....... LOOK4U@REDIFFMAIL.COM
sir, My income as below, which ITR is suitable for me,
i) Director remuneration Rs 100000 only (from Company)
ii) Interest, remuneration and Profit From Partnership Firm
iii) Income From Other Sources
iv) Income From House Property
pls Help me Sir Its Urgent... if i use itr-3 where i will show in ITR, directors remunaration from company? and is it prepare P & L and B/s for Director remunartion ?
is it possible without prparation of p/l and b/s for director remunartion ?
Q 1. What would be the rate of tds u/s.195 for for payment towards commission to a German based Vendor Company if he has valid PAN?
Q 2. What would be the rate of tds u/s.195 for for payment towards commission to a German based Vendor Company if he has no valid PAN?
Q 3. If the German Vendor Company doesn't have any PAN, then how will that company get the credit of tds deducted? Cause we are unable to issue them from 16A as it is generated against valid PAN.
Please Suggest Anyone....
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