Sir,
Assessess purchase of godown storing goods for value rs 2 crores
Question:
Assessess depreciation claim on Full value rs 2 crores or land cost separately

The period of holding to determine LTCG/ STCG is reduced to 24 months from 36 months in respect of Debt MF. In case of transfer made before 23 july 2024, what will be the period determining STCG/LTCG - 24 months or 36 months? The tax rates have also been changed for STCG/ LTCG . Will old rates apply to transfers effected prior to 23 july?

Sir

I stoped my CA Journey after qualifying my CA FONAL 1ST group in May12.

I want to complete it. But I don't I start from where. Need help to guide me to show me right direction.
Please advice what to do.
I will be thankful.

Thank you.

How much PENALTIES if ITC-04 not filed ?

A LLC in US can do IT business with a Partnership firm in india?

Flat purchased from builder
Date of Registration - Mar-2023,
Expected RERA date of possession - Dec-2025

While date of registration is Mar-2023, property is still under construction

Current Home Loan (before possession) has been taken to pay the builder
I plan to sell a residential plot say that materializes in Jan-2025 or Feb-2025

I have 2 queries :-
1. Can date of possession be considered for exemption on LTCG tax (as property though registered is not under my possession) for LTCG tax exemption of residential plot.

2. Can home loan principal payment will be considered for exemption on LTCG tax

Please advise

The Ministry of Education has issued guidelines that prohibit coaching centers from enrolling students under 16 years of age.

a) Does that apply to Private Math tuition center also providing Math tuitions to class 1 to Class 5?
b) a) Does that apply to Private tuition center also providing private tuitions to class 1 to Class 5?

My banker has deducted TDS on cash withdrawal at 20% and filed the same under No PAN furnished case eventhough my PAN has been properly linked with my bank.

Now the bank branch says they raised a complaint on this to correct the issue and advised to file the ITR without reflecting TDS in 26AS and bank will provide necessary proof on further enquiry by income-tax.

Is that a good option to do so... please share your valuable advices.

R/experts

1. Is RCM applicable on shop rent paid by Composition dealer to unregistered person as per latest amendment.
2. Is RCM applicable on Shop Rent paid by Regular Taxable Person to unregistered person/partners of firm.
3. if RCM applicable, Rate of GST

Thanks

Sir,

We Imported Machinery in 2018 and was used in our business and Depreciation claimed. Now we need to sell the machinery within India . How much we can charge GST & how can arrive the basic value.

Plz guide