Taxguru Q & A

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Recent Questions & Answers on Taxguru

Q

What will be rate of GST if a Submersible pUmp is Purcahsed along with required material ? Where the rate of Submersible Pump is 12% and Rate of other Material is 18% . will this supply treated as composite supply or Mixed supply??

Jun 02, 2020

By: ebitwarshivani2812

2 Answers

500
Q

how can we manage subsidiary canteen police account in gst . if taxable or not gst return file process

Apr 06, 2020

By: optripathi2009

1 Answers

500
Q

Can the members of a residential society/flats form an AOP for the maintenance of their buildings and apply for PAN?

Mar 11, 2020

By: nkpanchal140

1 Answers

500
Q

This time employer relieved/terminated job but not paid salaries for last 16 months. At this What are the options of complaints with Income Tax Dept. and what actions can be taken by IT Dept.? Is any criminal and legalized actions can be taken against employer?

Feb 29, 2020

By: sunilbist

1 Answers

500
Q

If an employer did not pay salaries to employee but submit TDS and give Form-16 showing salaries credited to that concerned employee (also available in form 26AS) then what is the option with employee? The employer is repeatedly doing this action for 5 years, by crediting salaries in next financial years. The excess TDS refunds from income tax become successful by IT Dept. but salaries paid by employer become late by 9 months late.

Feb 29, 2020

By: sunilbist

1 Answers

500
Q

Is the Dividend received by NRIs taxable in India as per the budget 2020?

Feb 13, 2020

By: lnrao1954

1 Answers

500
Q

Is reverse tax of 2017 -2018paid in 2020 is claimable

Feb 06, 2020

By: 123rohit461

1 Answers

500
Q

I have sold my house and got some amounts in the year 2019-2020 and balance will get in 2020-21. In which year I should income from selling of house

Jan 09, 2020

By: sinhasudhi

1 Answers

500
Q

How much values of vehicle an individual can purchase for his business and profession and how much depreciation can be claimed as per income tax act.

Jan 04, 2020

By: bikaschand66

1 Answers

500
Q

my grand mother got expired in 2017 and she told me that whatever property or jewellery she posses should be transferred to my grand son. so can the grand son take possession in 2019 and also what is the tax liablity for this.is it fully exempted or taxable

Sep 02, 2019

By: chetanprakashboha

1 Answers

500
Q

I have LT capital gains on account of sale of my flat of 60 Lakhs in AY 19-20 and LT Capital Loss of 6 Lakhs of on account of sale of equities and MFs. Equities were MF were purchased prior Jan 2018. Kindly advise me how to calculate net capital gain on which I have to pay tax.

Aug 13, 2019

By: Prabhat93

1 Answers

500
Q

Can we take pending ITC of capital goods (50% not taken in Tran-1

Jul 30, 2019

By: pinakin18051970

1 Answers

500
Q

Can we able to take ITC for those challan which paid in July 07, 2017 and not claimed in Tran-1 ?? Please advise us or send us judgment copy if available.

Jul 30, 2019

By: pinakin18051970

1 Answers

500
Q

I wanna know Business code of Taxi driver and Beauty parlor as I am filling ITR4.

Jul 21, 2019

By: dhillon78

1 Answers

500
Q

In Sale Invoice Basic Value Rs.150000/- Less:- Commission Rs.3000/- then I want to Ask GST on Rs.150000/- or Rs.147000/- (After Commission Deduction)

May 11, 2019

By: sac61281

0 Answers

500
Q

What is the taxation structure on selling of bonus shares within 1 year or after 1 year?

Apr 28, 2019

By: gauravajmera9

1 Answers

500
Q

A minor boy''s grandparents gifted him a property from which rental income is derived. While filing income tax, will the rental income be added to minor''s father''s income or will the minor''s income tax will be filed seperately?

Apr 28, 2019

By: gauravajmera9

0 Answers

500
Q

What is the P tax slave against Wages

Apr 22, 2019

By: achin9836

1 Answers

500
Q

my mother want to sale old residential house (constructed in 1985), She want that the sale proceeds of the house will directly remitted to her 2 sons and 1 daughter equally from the purchaser of the house at the time of registration. In this case what about CAPITAL GAIN TAX ? as no money will be received by my mother, she want to sale for all of us to get money equally to avoide any complication/litigation after her. kindly clarify. Abhay kumar, Raipur

Apr 07, 2019

By: ashokvyas60

0 Answers

500
Q

I'm ahila jeyram. I had invested my capital gain of 35 lacs in nhai bonds and it nature's today. I want to credit this money to housing loan account of my son. Myself and my husband are living in this house with my son's family . Can I issue my cheque to the bank where housing loan is maintained or have I to credit to my son and then he has to issue his cheque? Will this be treated as gift and is there any tax implication for both of us?

Dec 31, 2018

By: jeyramahila

0 Answers

500