Team Legistify | Legistify

Team Legistify
Answered on 31 Mar 2020

You need to talk to a tax consultant in India for your requirement, who will assess your taxes and implement the necessary deductions for filing of your ITR.Read More

Posted on 16 Feb 2020 | 1 Answer

Tanya Mahajan | Legistify

Tanya Mahajan
Answered on 26 Mar 2020

As per the decision taken by the GST Council, the developers of residential projects which are incomplete as on March 31, 2019, will have the option either to choose the old structure with ITC or to shift to the new 5% and 1% rates, without ITCRead More

Posted on 24 Mar 2020 | 1 Answer

Tanya Mahajan | Legistify

Tanya Mahajan
Answered on 04 Mar 2020

At present, the government insists separate GST registration in each state, if a person operates his business. For example, if XYZ company has business transaction of goods or services in Maharashtra, West Bengal and Tamil Nadu, he has to take registration of GST in all the three states.Read More

Posted on 16 Feb 2020 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 15 Mar 2020

The new tax rate of 1% for affordable houses and 5% for others, without ITC, will apply on new projects.Read More

Posted on 06 Feb 2020 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 15 Mar 2020

Interest on delayed GST payment will now be calculated on net tax liability. Interest payable on delayed payment of GST will henceforth be calculated on net tax liability.Read More

Posted on 29 Jan 2020 | 1 Answer

Aayushi Sang | Legistify

Aayushi Sang
Answered on 27 Feb 2020

According to the Australian Taxation Office, a capital gain is the difference between what it costs a person to acquire an asset and what they received when they sold it. Australians need to declare their capital gain when lodging a tax return and it could increase the tax you need to pay at the end of the financial year. The Australian Taxation Office said people must declare on their tax returns the value of any prizes won through a draw run by a building society, credit union, bank or other investment body.Read More

Posted on 18 Feb 2020 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 26 Oct 2019

If you mean GST on services hired for redevelopment, then yes, GST is applicable. However, apart from that, GST will be applicable when the flat is to be sold to some new buyer.Read More

Posted on 05 Sep 2019 | 2 Answers

Team Legistify | Legistify

Team Legistify
Answered on 17 Feb 2020

Section 147 states that if (a) the Income-tax Officer has reason to believe that by reason of the omission or failure on the part of an assessee to make a return under section 139 for any assessment year to the Income-tax Officer or to disclose fully and truly all material facts necessary for his assessment for that year, income chargeable to tax has escaped assessment for that year, or (b) notwithstanding that there has been no omission or failure as mentioned in clause (a) on the part of the assessee, the Income-tax Officer has in consequence of information in his possession reason to believe that income chargeable to tax has escaped assessment for any assessment year, he may, subject to the provisions of sections 148 to 153 assess or re-assess such income or recompute the loss or the depreciation allowance, as the case may be, for the assessment year concerned. So, a notice is not compulsory in such a situation.Read More

Posted on 04 Jan 2020 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 17 Feb 2020

The GST rate for room tariffs of Rs 7,500 and above was reduced to 18% from 28%, while those between Rs 1,000 and Rs 7,500 would have to pay 12%. Hotels with tariffs of less than Rs 1,000 do not attract tax as per an earlier decision. Earlier, the slab of Rs 2,500-7,500 attracted 18% tax.Read More

Posted on 03 Jan 2020 | 1 Answer

Sakshi Yadav | Legistify

Sakshi Yadav
Answered on 12 Feb 2020

If he is violating GST slab rules, then, in that case, you can go before the RERA Authority by complaint filing. And before filing a RERA complaint you must consult with RERA expert Lawyer.Read More

Posted on 11 Feb 2020 | 1 Answer