DEAR SIRS,
AN NRI WANTS TO SELL HIS PROPERTY IN INDIA WHICH HAS BEEN HELD BY HIM
FOR MORE THAN FIVE YEARS. IN NORMAL CIRCUMSTANCES, THE RATE OF TDS WOULD
BE 20% UNDER SECTION 195 OF THE I. TAX ACT. HOWEVER, THE NRI WANTS TO KNOW WHETHER A MORE BENEFICIAL TDS RATE IS AVAILABLE UNDER DTAA BETWEEN UAE AND INDIA..
REGARDS,
DEEPAK P G
IN MY PREVIOUS QUERY THE WORD SHOULD BE DTAA AND NOT DATA.. THANKS.
AN NRI WANTS TO SELL HIS PROPERTY IN INDIA. UNDER I. TAX PROVISIONS THE BUYER IS SUPPOSED TO DEDUCT TDS @ 20% . WHETHER A LOWER RATE IS THERE UNDER THE data BETWEEN UAE AND INDIA?
Can a person purchase a land in cash in Rs. 510000/- from 3 land owner having equal share (Rs. 170000/- each Share, i.e. below 2 Lakh) in one deed.
Hi,
I want to cancel PTEC of proprietor(1st case) as well as partners of LLP(2nd case). What is the procedure to do the same. I can see online cancellation of PTRC after I login into mahagst website. However PTEC of partners or proprietors is not available online.
Pls advice on the procedure of the same.
Regards,
Before Lock down I had purchased free hold residential plot with in nagar nigam limits.but intend to build after one year hence,question is would I have to pay house tax for vacant plot ,second will the area circle rate be also applicable on open/vacant plot?
Tax Paid, still being pinged by Govt officials
Sir,
One I.t. individual person purchases of site ( assest) value.Rs10,00,000/-.if a person cash on hand balance as per books Rs.6, 00,000/- avalibale.
My question:
A person Remaining cash balance received below mentioned options is correct method.
1. Cash loan received from huf status
2. Cash loan received from different persons.
3. Cash gift received from family members.
ON 23.01.2020, GUJRAT HIGH COURT GIVEN DECISION REGARDING GST ON IMPORT OCEAN FREIGHT IN THE CASE OF –MOHIT MINERALS V/S UNION OF INDIA. ON 23.01.2020. HON. HIGH COURT DECLARED THAT NOTIFICATION NO.8/2017 INTEGRATED TAX ( RATE ) DT.28.06.17 & THE ENTRY NO.10 OF NOTIFICATION NO.10/2017 , INTEGRATED TAX ( RATE ) ARE BY ULTRA VIRES.
MR. NIRZAR DESAI THE LEARNED STANDING COUNSEL APPEARING FOR THE UNION OF INDIA ,MADE A REQUEST TO STAY THE OPERATION ,IMPLEMENTATION, & EXECUTION OF THE JUDGMENT.
HAVING TAKEN THE VIEW THAT THE IMPUGEND NOTIFICATION & THE ENTRY NO.10 THERE IN ARE ULTRA VIRES THE IGST ACT 2017. THE HON. GUJRAT HIGH COURT
DECLINE TO STAY THE OPERATION OF JUDGMENT,
HON.JUDGE- 1) J.R.PARDIWALA
2) A.G. RAO
DATE-: 23.01.2020
MY QUESTION IS RCM GST ON IMPORT OCEAN FREIGHT IS IS TO BE PAY OR NOT PAY
PLEASE GIVE EXACT ANSWER.
REGARDS
RAJKUMAR GUTTI
Career in accounts & tax
Sir
I am Bidhu Bhusan Pattanayak age about 35 B.Com & MBA in finance want to career in finance , accounts & taxation area . Cma cs ca is too tough & in this age i could not clear easyly . If supposed i take admission in law is it will help me for future time . Like tax consultant, finance consultant