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Question & Answer


A

Aawhan

5 Dec 2018

How much income tax on house gift deed

Replies (1)                          

CA Abhishek Sinha       6 Dec 2018

Hi, It depends on whom you want to gift
If it falls under relatives definition of IT act, No tax else tax as per slab rates

T&C apply


P

Priyank

1 Dec 2018

HELLO, THERE IS A CASE EHRE I NEED A SOLUTION. SUPPOSE I HAVE DISPATCHE THE GGOODS ON 15 TH OCTOBER AND THE GOODS ARE RETURNED BY THE SELLER ON 25TH NOVEMBER BUT I HAVE PAID GST ON SUCH GOODS SO HOW CAN I CLAIM IT BACK

Replies (1)                          

CA Yash Jain       5 Dec 2018

Raise a Credit Note in the month of November

T&C apply


G

Guru

30 Nov 2018

My relative did not file tax returns for Tax free(Agricultural land sale) Capital gains out of ignorance(no tax need to be paid so no filing needed). What can done to report now(sale was 7 years ago)

Replies (1)                          

CA Abhishek Sinha       1 Dec 2018

Your relative cannot file IT returns for those year now.

T&C apply


B

Bidhan Kumar Pradhan

30 Nov 2018

My father's wants to transfer an fixed investment in my name. Will it have any tax implication?

Replies (1)                          

CA Yash Jain       30 Nov 2018

If you are minor, then interest would be clubbed under your father income

T&C apply


S

Swapan

28 Nov 2018

Can I convert a private limited company into a sole proprietorship?

Replies (1)                          

CA Abhishek Sinha       1 Dec 2018

No, the conversion of a company into sole proprietorship firm cannot be done. First you shall go through the dissolution procedure of the company. Also the proprietorship firm shall be set up separately

T&C apply