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CA Nisha Bagla  

CA in Practice
8Year 2Month  experience

I am a Chartered Accountant having 5+ years of experience and providing the services mentioned below.

  
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Address

B Wing, 801, Building no: 35
Mumbai, Maharashtra, India
Pin code - 400089

Availability

Mo,Tu,We,Th,Fr,Sa

10:00 am - 6:00 pm

Services

✔ Fund Raising (Debt✔ Equity)
✔ Accounting/ Book keeping✔ Company Auditing
✔ Compliances✔ Direct Taxation
✔ Corporate Restructuring✔ Financial Services/ Funds Raising

Industry Experience
✔ Financial Services
Education
    B.com (Hons),CA
Associated with (Firm / Company Name)
    Albero Resource Pvt Ltd
Awards and Recognitions

Y

Yusuf

8 Months ago

If i invest in purchasing and constructing the commercial property then can i avail tax exemption or if i invest the same in lal dora property ie not for agriculture purpose ie it can be used for residential or as well as for commercial then in this case can avail tax exemption

CA Nisha Bagla     7 Jun 2018

I have replied to this question in previous thread

T&C apply

Y

Yusuf

8 Months ago

I want to sell my property pliease guide me how can i save tax on long term capital gain and what is the time period for that can i reinvest the same amunt in purchasing the property is it there any rule that if i sale residential property so i have to purchase the residential property or i can purchase the commercial property too to save tax and also provide me information that some amount i invest in purchasing property and same amount in purchasing boonds can i do this to save rax and how much time i get for this investment after selling my property
Looking for an early response

CA Nisha Bagla     5 Jun 2018

The Income Tax Act has laid out exemptions under Section 54 and Section 54F to help taxpayers save tax on capital gains.

(1)Exemption under Section 54 is available on long-term Capital Gain on sale of a House Property.

(2)Exemption under Section 54F is available on long-term Capital Gain on sale of any asset other than a House Property.

To reiterate, both the exemptions are available only on long-term capital gains.

Common requirements between the two Sections:
A new residential house property must be purchased or constructed to claim the exemption
The new residential property must be purchased either 1 year before the sale or 2 years after the sale of the property/asset.
Or the new residential house property must be constructed within 3 years of sale of the property/asset
If you are not able to invest the specified amount in the manner stated above before the date of tax filing or 1 year from the date of sale, whichever is earlier, deposit the specified amount in a public sector bank (or other banks as per the Capital Gains Account Scheme, 1988).
Only ONE house property can be purchased or constructed.
Starting FY 2014-15 it is mandatory that this new residential property must be situated in India. The exemption shall not be available for properties bought or constructed outside India to claim this exemption.

Yusuf     6 Jun 2018

If i invest in purchasing and constructing the commercial property then can i avail tax exemption or if i invest the same in lal dora property ie not for agriculture purpose ie it can be used for residential or as well as for commercial then in this case can avail tax exemption

CA Nisha Bagla     7 Jun 2018

Investment in commercial property - No exemption
You have to invest compulsorily in a residential property to take benefit of this exemption

Yusuf     8 Jun 2018

What would b my long term capital gain in this case ie i brought a property for 90000rs in 1995 and made a construction for 50000rs but doesnt have any bill to show for construction and also renovate the buliding in 2007 which cost me 4lakhs but don't have any bill for the same and now want to.sell the property for 80lakh now what would be my long term capital gain for the same

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P

Pranjal

8 Months ago

I wanted to know about TDS2

CA Nisha Bagla     5 Jun 2018

Please ask your question

CA Abhishek Sinha     11 Jun 2018

You can read this article:
https://www.finaco.in/view_finance_feed.php?feed_id=51

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N

N A Gandhi

8 Months ago

I have sold land with a small building and made a LTCG of 5 lakh on June 2, 2018. I have also invested an amount of about 60 lakh in installments during the one year period (prior to the above sale) in an under construction building. The total amount includes registration charges. But the actual registration will take place within about 2 months. Can I adjust LTCG against this investment in property?

CA Nisha Bagla     5 Jun 2018

Yes you can adjust

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V

Vsrmurthy Vendra Vendra

8 Months ago

Sir, u/s 139(9) notice received, error code 38, asked to correct and upload XML. Efile shows 'No records found' Already 15 days passed from date of notice. return not invalid till now. How to upload XML?

CA Nisha Bagla     5 Jun 2018

Error Code 38 is for Tax determined as payable in the return of income filed but has not been paid, Check and do accordingly

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M

Mohd Asim

9 Months ago

Hi, I wanted to know that if i satrt my small e-commerce website business in India, do i have to register the company ?

CA Nisha Bagla     18 May 2018

You can start as a Sole proprietorship business which does not requires any registration. Further with respect to GST you have to register if your turnover exceeds 20 Lakhs for the financial year. If you want to run your website as a Pvt ltd company then you have to register it.

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S

Sahil

9 Months ago

I want to know abt capital gain

CA Nisha Bagla     10 May 2018

Please go ahead and ask your question

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A

Anuj

9 Months ago

Hi, I am buying a second hand machine from delhi and bring it to noida. Will I have to pay anything extra?

CA Nisha Bagla     10 May 2018

Please be specific, The meaning of your question is not clear.
Paying anything extra in respect to what ?

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