Father sale property in 2014 . Amount is invested in new house in same year in name of his son. Is he entitled to claim exemption u/s 54?. He died in 2020 . Receive notice in 2023

What is the SAC code and GST rate for the following services provided to Government Department (PWD)-
1) Painting of bridge
2) Desilting of Road Side Drain
Please suggest, thanks !

Hi Sir/ Maam

My client had purchased shares of Rs 50 lac in 2016, Today the rate of shares are Rs.27.20 Crores. Kindly tell me how much will be the Capital gain.

Regards
Rupinder

MY CLIENT DOING THE RETAIL BUSINESS , THEY PAID THE SECURITY SERVICE CHARGES : 10000+18% GST , ONCE GST IS PAID THEN RCM IS APPLICABLE

Hi Sir,

We have been issued 147 notice initially around 2 years back and then last year finally the closure proceedings were initiated with 0 amount tax payable by me. Infact there is a return/ refund available in the closure statement.
After the closure proceedings were initiated there are 271 notices that are being issued but our tax agent suggested to just ignore them as the closure proceedings were initiated and the tax payable is 0. Please suggest if these can be ignored or anything needs to be done as we are getting reminders for the same notices with tight deadlines. Our tax agent mentioned that these are autogenerated emails and can be ignored. Please advice.

in companies act -- furniture which has detoriated by white ants can be written off
when furniture is destroyed/ dismantled
as per income tax can we write off the above furniture -which amounts to a long term loss
as there are other fixtures also in the block asset as declared as fixed asset in case of a
public company
pls guide how can we take into account the above loss as per income tax rules and
can we c/f the loss or write off as depreciation
thanks

Hello,

From where can I get the various main and sub heads of accounts.

Thanks

if only address is changed, do we make only small deed stating new registered address or full deed we re-make?
my view--only make small deed stating new address and effective date.

anyone has any format for address change in maharashtra?

A firm converted its capital asset being land which was acquired in the F.Y. 2015-16 for Rs.47 lacs into stock in trade on 01.04.2021 at the Stamp Duty Value being Rs.205 lacs. Later, a layout plan was approved, development was completed in FY 2023-24 and the land was diverted and sold as developed plots. Around 40 percent of plots were sold during the FY 2023-24.
Till the FY 2021-22 the accrued capital gain shall be taxed as Long-Term Capital Gain but shall be taxable in the FY 2023-24 with indexation upto FY 2021-22 only, on the plots sold during this year. How such income/transaction shall be filled up in ITR 5. Please guide. Thanks

HOW TO ADJUST A CREDIT NOTE BILL FOR SALE TO AN UNREGISTERED PERSON IN INTER STATE/OTHER STATE , WHEN INVOICE VALUE IS LESS THAN 2.5 LAKH?
WILL IT ADJUST IN B2C(OTHERS) TABLE ?
IF, NOW B2C IS NIL , THEN HOW TO ADJUST IT?
PLEASE ANSWER AND HELP.