Signup


Signup


Signup

CA Mehul Aggarwal  

CA in Practice
1Year  4Month  experience

NA

  
   
 
No more records

Address

NA
New Delhi
Pin code - NA

Availability

Mo,Tu,We,Th,Fr,Sa

10:00 am - 7:00 pm

Services

✔ Accounting / Book keeping✔ Company Auditing
✔ Direct Taxation✔ Indirect Taxation
✔ Internal Audit✔ GST

Industry Experience
✔ NA
Education
    NA
Associated with (Firm / Company Name)
    NA
Awards and Recognitions
    NA

A

Aman Jain

1 a year ago

Sir/Madam can we make payment against a single invoice exceeding 10000 to a single person on different dates?

CA Mehul Aggarwal     24 Sep 2019

Your question is ambiguous. However, assuming that you're asking about cash payment, then yes you can pay on different dates for the same invoice, subject to conditions of sections 40A(3), 40A(3A), and 269ST.

T&C apply

A

Akshay

1 a year ago

If I sell a property of appx. Rs. 10,00,000 (2001) at it's current market price: appx. Rs. 31,00,000; how much tax would be deducted (in illustrated numbers calculation please) if I choose not to invest in capital gains bonds or schemes?

CA Mehul Aggarwal     24 Sep 2019

Fair Value of Consideration = Rs. 31 lacs
Indexed cost of acquisition = Rs. 28.90 lacs
Long Term Capital Gain = FVC – Indexed COA
= Rs. 1.10 lacs
Capital Gain Tax = Rs. 1.10 x 20%
= Rs. 22000
Cess on CG tax = 22000 x 4%
= Rs. 880
Total CG Tax = Rs. 22880
Indexed COA = 10 lacs x 289 / 100
Assumed that property is house property, purchased in FY 2001-02 and sold in FY 2019-20.
If the assessee purchases a new residential house property using the capital gains, he can save on capital gains tax under section 54.

T&C apply
No more records
No more records
Resume has not uploaded!