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capital gains and gift

02 March 2019

suppose a person transfers an immovable property and if sec 56(2)(x) is applicable, can we include the holding period of the previous owner for calculation of capital gain

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193867 Points)
Replied 02 March 2019

Clarify the nature of transfer ...

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CA Naveen Chand (Chartered Accountant) (12739 Points)
Replied 02 March 2019

Originally posted by : Dhirajlal Rambhia
	Clarify the nature of transfer ...

sir , there is any way to amend export invoices in gstr_1

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193867 Points)
Replied 02 March 2019

Which details cannot be amended (in GSTR 1)?

Change a tax invoice into bill of supply
Type of Export- With/Without payment cannot be amended
Credit Debit Notes
1. Details like the place of Supply/the Customer GSTIN/Reverse charge applicable etc is based on the Invoice which it is linked to. Hence these details must match with the detail of the linked Invoice.
If the receiver of goods has already taken action on the invoices i.e. accepted or modified, the taxpayer cannot amend those invoices. These invoices will not be available for amendment

But check offline possibility with Jurisdictional tax officer.

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