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Question & Answer


P

Praveen

17 Jan 2022

Any property which we purchase and have capital gain from the same, can stamp charges can be deducted from capital gain ?

No Reply  


H

Harsh

17 Jan 2022

Is there any need to register separately for IEC (importer exporter code) once you register for GST?

I read that IEC registeration is not required if someone gets registered for GST. Could someone please confirm this

Replies (1)                          

CA Puja Sharma       17 Jan 2022

In my opinion IEC is required by the importer and exporter for custom clearance.

T&C apply


P

Praveen

16 Jan 2022

I bought a land in Jan 2021 and the amount paid for it was less than the (DLC RATE or circle rate), Below are my question in connection to above
1. will the difference in amount paid will be considered as my capital gain
2. If yes to point 1, how this will be calculated (like any flat rate of 15 or 20 %)

Replies (3)                          

CA Naman Maloo       16 Jan 2022

If you have bought land below the DLC rate then the balance amount would be considered as your income from other sources under section 56.

If you need any further assistance feel free to contact me at canamanmaloo@gmail.com

Praveen    16 Jan 2022

Can we deduct stamp charges from the capital gain..
and what all charges can be deducted from this capitap gain ?

CA Puja Sharma       17 Jan 2022

Yes if you purchase any property less than the circle rate then the difference between th circle rate and the sale consideration paid will be your income from other sources.

T&C apply


B

Bhavesh Purohit

14 Jan 2022

How to show the Transaction of 2,50,000 against Bitcoin in government?

Replies (1)                          

CA Puja Sharma       15 Jan 2022

As of now the government has not framed any rules and regulations regarding the cryptocurrency transaction. I will advice you to wiat till the upcoming budget announcmenet for clarity.
For more details you cna connect with us at ca.pujasharma@outlook.com

T&C apply


S

Sk Saiful Uddin

14 Jan 2022

How i can calculate profit and loss accounts of leased toll tax in west bngal

No Reply