The assessee received a Gift of immovable property(Land) from friend worth Rs 29,00,000. during the Ay 16-17.
He pays gift tax on property received as gift under income from other sources.

After six months the assessee sells the Land received as Gift for Rs 35,00,000.

What will be his Capital Gain Tax ?
Will his acquisition cost be taken as Rs 29,00,000 on which he paid tax or the cost price will be the one paid by his Friend when he purchased the land.?

What is the treatment of gas subsidy received by individual? thanks in advance

Dear experts

I required service tax rate for the financial year 2011-12,12-13,13-14,14-15 .Also provide the rate interest for non payment of service tax and penalty for non filling of service tax return for the same years

My Query is about Availing Cenvat on Capital Goods.

We purchased 6 Capital Goods in March 2017 and 3 accounted in our system in March itself. Another 3 is not accounted since bill is not reached us.

After ER-1 returns on April 10, we received another 3 pending bills and accounted for March itself since material received in March and bill date is also in March 2017. But these three bills are not reflected in ER-1 since return was already filed.

Now can we avail 100% Cenvat credit in April 2017?

Because 50% credit is already showing in SAP since accounted in MARCH 17 and another 50% is supposed to transfer now.

Please advice.

calculator tricks for depreciation calculation??

One of my client deals in Bio diesel.he took VAT no.in april 17 recently.on login to the rvat portal it was seen that he was not alloted provisional id and password to migrate to gst.and hence the date of migration lapsed. my que are 1. what is the consequance of non migration to gst? 2.yesterday Hasmukh adhatiya said that petrol and diesel dealers need not to register under gst so is bio diesel covered there?

Dear Sir,

Kindly let us know we are in compound Feed Manufacture in Association. . is it required us for GST registration

Thanks

dear sir if total sales during the year 2016-17 is 8656189 in then audit is applicable or not .

Dear Experts,
while booking package , can I assume air travel booking as pure agent services and those are out of service tax ambit.

ex. I book a package of Rs 5 lakh, out of this 3 lakh is booking cost, hotel booking cost is 1lakh, Rs 50000 is local tour & sight seeing. This 5 lakh package is of inclusive service tax component as well.

My question is should i reverse calculate service tax @9% on Rs 2 lakh amount or whole amount of Rs 5 lakh.For AIr travel can i consider myself as pure agent. If pay service tax on whole amount my margin would become zero.

If it is on whole amount, there will be no margin available to me.

our company have 3 director i.e. A, B and C and their date of appointment is 01/04/2013, 06/08/2010 and 06/08/2010 respectively. In F.Y. 2015-16 B who was liable for retire by rotation re-appointed by members in agm.
Now my doubt is who will be liable for retire by rotation in upcoming agm?
Thanks in advance