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swethapro badge
This Query has 1 replies

This Query has 1 replies

13 May 2024 at 18:39

Revocation of GST

the officer has cancelled GST regn for non filing GST returns


MATTA CHANDRA SEKHAR
This Query has 3 replies

This Query has 3 replies

Sir,

Please reply


keyur
This Query has 3 replies

This Query has 3 replies

13 May 2024 at 16:29

Capital Gain deduction fy-23-24

Sir/Madam

I have sale my house for Rs. 30 lacs and made following investment in May 24

> Invest in Open Plot in joint name of my son. total sales proceeds invested in this plot
> Balance amount of open plot -loan taken by my son from finance company.

Can i eligible deduction from capital gain arise from sale of my house rs.30 lacs

Please guide me.


MANOJ KU MAHAPATRA
This Query has 1 replies

This Query has 1 replies

Dear All,

I want to apply for registration of a Hospital u/s.17(2) of the Income Tax Act. Pl advice to whom the application made and the format for such application if any.
Thanks


Mahesh S M
This Query has 1 replies

This Query has 1 replies

is there any method that i can migrate from tally prime 4.0 to tally erp9?


k.b.nagesharao
This Query has 2 replies

This Query has 2 replies

13 May 2024 at 12:22

Gift from daughter in law,

Shall the Father in law accepts gift from his daughter in law. with out paying the income tax.

Please give your valuable advise,
Thanks in advance
K.B.Nagesha Rao.


suresh s. tejwani
This Query has 2 replies

This Query has 2 replies

If registered office is situated in Gujarat, India but service is provieded in Southee arebia so which Gst rate is applicable on such supply?


Anand Prakash Garg
This Query has 2 replies

This Query has 2 replies

13 May 2024 at 03:16

Sale of Flat and capital gain

I have two flats.
One flat in Bombay, which is in my name only.
One flat in Bangalore, which is in joint name (my name first & wife)

If if sale my Bombay flat, which is in my name and invest whole sale proceeds
to buy another flat in Rajasthan.

i). Is there any capital gain if I invest whole sale proceeds.
ii). The new flat so purchased in Rajasthan can be in my name (single) or in joint name with wife.
IIi). Can one person have two houses?


Zafar Jahagirdar
This Query has 1 replies

This Query has 1 replies

12 May 2024 at 23:30

Entries required

Furniture shop owner purchase furniture 500000 from XYZ Ltd payment terms 2%CD will be allowed if we pay within 10 days otherwise bill is due in next 30 days as an accountant you realised that company do not have sufficient funds to pay within 10 days.
Company owner has made payment his personal bank account 490000 within 10 days and distribute purchase as follows
400000 company warehouse for business
75000 company office purpose
20000 for windows display for marketing purposes
5000 owner personal use
What are journal entries?


Muhammed Abdulla Ansari
This Query has 1 replies

This Query has 1 replies

Hello CAClubIndia,

I've been importing goods from China and reselling in India. My sole-proprietorship firm has IEC for the purpose of commercial importation. I recently received a request from another company to import goods for them using my IEC and firm. It work like they will transfer the amount needed for the purchase to my company bank account which I will use for the purchase. Once the goods are arrived to me, I will transfer the goods to them. As the company is owned by my friend, I will skip any profit for this deal.

My question is that if this needs GST to be collected and remitted by me from the other company as there is no active sales transaction being taken place?

Also, will this put any load on my shoulders in the form of Income Tax or any other taxes immediately or later?

Please suggest a good workaround after giving answers to my questions.

Thanks in advance.