Naresh Jakhotia | Reputations

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Can LLP become a partenr in another partnership firm ?

A partnership firm cannot be a partner of another firm on the logic that the partnership firm does not have a distinct and separate identity as a legal person. Private Limited Company is a legal entity,...

November 27, 2019 5
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penalty under GST of stock declared under income tax survey

1. There will be GST implications if any addition is done towards profit or GP on suppressed sale. 2. In my view , addition towards stock or cash in absence of any other corroborative evidence of sale...

November 13, 2019 5
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Any amendment on late filing of Form no.10 in earlier years.

https://thetaxtalk.com/2019/10/09/extension-of-date-for-delay-in-filing-of-form-no-10b-audit-report-by-trust-institution-for-assessment-years-2016-17-and-2017-18-from-30-09-2019-to-31st-march-2020/

November 12, 2019 5
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amnesty scheme for stamp duty maharahstra any gr issued?

No such GR & amensty scheme noticed....

November 12, 2019 5
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Prusmptive income to regular assessment

Yes, you can file it

November 12, 2019 5
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Long term capital gain

Ineresting

November 12, 2019 5
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Land purchase from NRI

Interresting query. Yes, TDS applicable in all cases of property purchase by resident from NRI. TDS rate is 20% u/s 195. All the more important, TDS in such case is required to be done on...

November 12, 2019 5
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proprietorship is converted to partnership then?

Interesting query. In such cases, if the assets are recorded at its book value then no capital gain tax liability arises as "the value recorded in the books of accounts by way of capital contribution...

November 12, 2019 5
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depreciation

There is no choice with an assessee toclaim or not to claim depreciation. If the asses is once put to use, depereciation shall be deemed to have been claimed and allowed. In my view, depreciation...

November 12, 2019 5
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Taxation in case of switch over and redemption of units in Mutual Fund

https://thetaxtalk.com/2018/05/01/taxation-of-income-from-mutual-funds/

November 12, 2019 5
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Taxation in case of switch over and redemption of units in Mutual Fund

https://thetaxtalk.com/2019/04/29/taxation-of-investments-in-bonds-debentures-mutual-funds/

November 12, 2019 5
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Taxation in case of switch over and redemption of units in Mutual Fund

https://thetaxtalk.com/2019/05/01/taxation-of-investments-in-bonds-debentures-mutual-funds-2/

November 12, 2019 5
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Taxation in case of switch over and redemption of units in Mutual Fund

https://thetaxtalk.com/2019/09/04/taxation-of-mutual-funds-in-one-chart/

November 12, 2019 5
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LTCG FROM ASSETS LAND OR BUILDING OR BOTH

You can save by investing the amount of LTCG in 54EC bonds. Flat is nothing but land and building both taken together. 54EC is avaialble for land / building.

November 12, 2019 5
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October 24, 2018 10