G
G01
I have property yet to be registered. Is it ok if add my father(a pensioner) as co owner at time of registration ? And do I need to get a gift deed done ? Will the rent incurred in my father’s name over joint account reflect in my tax returns ?
K
Kartik
Can we use our parent details while filling the LUT under GST? I work as a freelancer
P
Praveen
Any property which we purchase and have capital gain from the same, can stamp charges can be deducted from capital gain ?
H
Harsh
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
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In my opinion IEC is required by the importer and exporter for custom clearance.
T&C applyP
Praveen
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 %)
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
Can we deduct stamp charges from the capital gain..
and what all charges can be deducted from this capitap gain ?
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
