Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Anonymous   07 May 2024 at 18:04

Valuation of machinery not owned by me

Dear Sir, recently i bought a land and building. There was a company running previously under rent in the land and building and was paying rent to previous owner. I bought that place now and that company is paying rent to me under agreement. But SRO has sent notice that machines owned by that company in my building will also be valued under my name. How should i defend myself that it is not mine. Kindly help me.

Anonymous   29 April 2024 at 13:05

Gst on fright received by gas agency from company

Dealer has one truck, which is solely used for transportation of petroleum products, under the contract of Indian oil corporation and Hindustan petroleum products.

As the petroleum products are not the part of GST, it comes under vat.

Question is whether freight charged on it also became exempt under GST

Anonymous   31 March 2024 at 19:32

Inclusion or exclusion

Sir, when phrase goes as " from the date of receipt of notice" which means, whether the date on which notice is recieved is o be included or excluded ?

Nitesh Umate   29 March 2024 at 15:51

Capital gain tax

When I purchase the land it was urban agriculture land but 2-3 months before my selling of this land it become non agriculture land. So can i take exemption of capital gain tax reinvesting the money to another agriculture land?

Ankur Choudhary   27 March 2024 at 08:53

Gifted residential house

Sir I got a gifted residential house now I want sell it and buy other residential house now I will have to pay tax or not ? My house selling price is 10 lakh rupees.

visuiyer   21 March 2024 at 17:25

Pure labour service

Is there a difference between pure labour service and supply of man power service
both are taxed at 18%

if there is no difference there is an exemption in notification no.12/2017
under sl . no.3 (for pure supply of labour) and sl. 66 (for manpower supply)

if there is a difference, please share the difference with legal reference to it.

thanks for understanding

Ankur Choudhary   18 March 2024 at 08:43

House registry

If aunt give a house as a gift to his nephew then how much percentage will be charged for registry? My house circle rate hi 20 lakh and I am from rajsthan.

Ankur Choudhary   14 March 2024 at 18:03

Can aunt give a house as a gift to his nephew?

Can aunt give a house as a gift to his nephew ? If aunt give a house as a gift then nephew will have to pay tax or not ?

Anonymous   27 February 2024 at 09:25

Can any restaurant impose service charges on the food bill

I was charged by BBQ nation while having lunch at one of the restaurants of the chain imposed me service charges at the rate of 4.75% of the total bill and also separate GST imposed on the bill . Is it legal to charge this amount?

T harikishna   20 February 2024 at 20:01

Risk allowance taxable or not

The risk allowance paid to Veterinary doctors is taxable or fully exempted