Assessee has claimed exemption u/s 54 in capital gain (i.e to purchase house after 2 year and in the meanwhile assesee has expired.
so now can his legal heir can invest in purchasing the house?

can i claim deduction u/s 80C for assessment year 2017-18 if return filled after due date

What will the GST for the body building like tanker , tipper , container etc on Customer's vehicle chassis. We are purchasing steel items for 18% wooden items @18% Alluminium @18% but it's informed 28% GST for body building it's correct, if so how ?

Please provide procedure for registration of partnership firm.

I received an intimation for payment of interest on late payment of TDS. I have paid it accordingly. Do I need to file a correction or what is the further course of action?

One of my client engaged in Export of Goods and import of goods.During the year ended company has purchases a goods from America and it was in transit. so company has recorded it as "Material in Transit" on 31/03/2017 at on prevailing exchange rate of Rs.50/$.
the entry has been made as followed by the company

Material in Transit A/c Dr. Material Value*50
To Party Material Value*50


On 15.04.2017 the company has received goods. and on that date foreign exchange rate prevailing Rs. 55.
The Company again recorded the goods as follows:

Purchases A/c dr. Material Value*55
To Party Material Value*55

and after receiving of Goods the company has reverse the Entry which was posted on year 31.03.2017
The reversal entry was as followed:

Party Ac/ Dr. Material Value* 50
To MIT Material Value*50

Whether this treatment is correct or wrong?

Dear All,

Can anyone please assist with the journal entry for rent paid by a partnership firm to a partner.

In Last month we deducted TDS U/s 194C because his bill amount exceeds Rs.30,000 and in current month we received bill amount of Rs.10,000 but his aggregate of all bills not exceeding Rs.1,00,000. in current month. Shall I deduct TDS for current month?

Whether GST input can be claimed for buying furniture and fixture. by registered service provider.

While calculation expected income on account of pension/salary, it it compulsory for the deductor to take into consideration of all source of income of the deductee? If any deductee do not wish to inform his income from other source (like interest on bank FD etc.) to the deductor, is the deductor held responsible in any way?
Thanks in advance!!