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Arvinder Singh
IF I WITHDRAW CASH FROM CURRENT ACCOUNT ..... CAN I DEPOSITED SAME AMOUNT IN CAS OR NOT
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Depends on case and amount and purpose for which amount has been withdrawal and deposited. For professional consultancy connect us @ www.tarunguptaca.com or 9216216819
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Pankaj Sharma
I am filling return 2017-18 how i fill
You cannot file your Income Tax Return for FY 2017-18; it has become time-barred. You can only point the return against a notice from the department or after filing a condonation of delay with CIT.
For more information, you can book a consultation at ca.pujasharma@outlook.com
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Rajan Nath
I want to transfer 10lac from my current account (I'm founder/Director of Pvt Ltd start-up). To Saving account. Will there be any problem in future..
Dear Rajan,
You can not transfer fund from Pvt Ltd. company to you personal account. If you do so it will be treated as Deemed Dividend & you will be liable to pay income tax on it. However if you have given loan to Pvt ltd co. you can get it back.
For further consultation you can approach us at ca.rahuldwivedi@gmail.com or 9004485377
You can transfer funds from your company to your personal either against remuneration payable to you by the company or against any previous loan repayment by the company.
If you do not satisfy both the cases, then the funds transfer will be treated as deemed dividends u/s 2(22)(e) of the Income Tax act, 1961.
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Arti
GST Query
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Praveen K
Dear Sir/Madam,
I am planning to buy a plot for 1CR, but Register to govt guidance value of 40Lakhs.
This is to save stamp duty (6.6% of registration) and TDS (1% for >50L transaction).
Remaining 60L shall be paid by cheques, as per sale agreement of 1CR (Franking done).
Please let me know if this is legally all right.
Thanks and Regards,
Praveen
Dear Praveen,
Firstly, Legally it is not right to have registration on lower value.
Secondly, Your question looks conflicting, as you mentioned that the sale agreement is executed for Rs. 1 cr & the Registration is done as per guideline value of Rs. 40L. If Registration value is rs. 40 L then sale agreement should of Rs. 40L only. For different understanding You can have MOU.
For Further consultation you can approach us on ca.rahuldwivedi@gmail.com or 900448537
You have mentioned that the sale agreement is Rs. 1 Cr, and you will be paying the remaining 60 Lacs by cheque. Then, based on which document, you will be able to complete the registry at the value of Rs. 40 Lacs.
The transaction has to be reviewed professionally before execution. You can book my consultation at ca.pujasharma@outlook.com for a detailed discussion
If any immovable property is sold below the stamp duty value (or circle rate) then such case will fall under Section 50C, Section 43CA, Section 56(2)(x) and double taxation shall apply on the difference in the stamp duty value and transfer price.
For professional help connect us @ www.tarunguptaca.com or call at 9216216819
No not possible registration fee to be paid on higher of stamp duty value or consideration received which ever is higher
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