sir, If I purchase a new gold jewel from a jewellery by exchanging old gold jewels or gold coins or gold bars how is the gst to be charged? Should I pay GST on the total value of gold jewel or on the net value of new jewel after deducting the value of the old jewel or gold coins or gold bars handed over to the jeweller along with gst on making charges of the new jewel. Please clarify if gst is to be paid again on the intrinsic value of gold involved in making the new jewel just like a new purchase even though a 24k gold bar or gold coin on which the gst is already paid is exchanged with the jeweller for compensating the amount of gold involved in making the jewel. For eg. If I purchase a 20 g new jewellery by exchanging it for 15 g gold, the gst is to be paid on the entire 20 g value of gold involved in making the new jewel or only on the excess 5 g gold that goes into jewel making in addition to the 15 g supplied by the consumer. If gst is supposed to be charged only on the excess gold’s value but the jeweller charges gst on the entire value of new jewel purchased irrespective of the gold handed over to him, what is the legal remedy?

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sir, Mr. A  is  Agriculturist and he is doing Agriculture Activity on Lease agriculture land. Mr. A  is paid Lease Rent to Landowners and also incurred huge Agricultural Expenses. In this situation Mr. A  will going to claim Exemption of Net  Agriculture Income for the year under consideration.  Mr. A  is earned handsome Agriculture Income. Please note that major income is Agriculture Income out of Total income.

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sir, How to report turnover from Zomato and Swiggy in the GST Composition return (CMP-08), considering they have already paid GST under Reverse Charge Mechanism (RCM) ?

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12A Registered Trust receive Donation from another 12A Registered Trust Whether donation received to Calculate for 85% for Application of Income or can be excluded for calculation.

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Can  you pls. answer my query , Since  We purchased flat @ Rs.60,00,000 with co-owner as (wife) with equal 50% share after selling Listed shares along with equity based mutual funds & obtained certain LTCG  both individually and only I paid stamp duty/registration charges  & brokerage etc. about Rs.565,236[445,236+(120,000 brokerage)] on whole full amount of the cost of flat . Here it may be added that we invested partial amount, means less than net sales considerations each. Can we avail exemption in sec 54F partially against  long term capital gain  each individually and please reply, can we claim/get exemption in Sec 54F  as per income tax act and also along with the  amount paid for stamp duties/registration charges & brokerages  etc. since I only paid the said charges.

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Whether you can declare rental income in your own name when the property generating such income is legally owned by your father, and under which statutory provisions and case law such a plea would be examined. Also, whether any exemptions or legal avenues exist to support such a claim, and why such a plea is unlikely to sustain under Indian law.

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The Sale of 15 years old Rural Agricultural Land is not being covered in the ITR. My Question:  Is this becomes taxable due to Non-Disclosure…? and Any Penalty is Applicable for Non-Disclosure…? Any other Consequences possibility….? Please Clarify. Thank You.  

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Our client is a sugar manufacturing company. It has entered into a contract with 3 buyers for selling sugar of 50,000 Tonnes at a fixed price. Those buyers have roped in another buyer for 20,000T out of this 50,000 T, which is a transaction purely amongst the buyers. This new buyer deposited a hefty sum with our client on the advice of original buyers for lifting the quantity of 20,000 T but ultimately lifted only 10,000 T. Hence the original three buyers lifted the balance 10,000 T, to complete the contractual quantity of 50,000 T which they entered into with the company. Now the new buyer is pestering our client to refund him the balance amount which he originally deposited as he lifted only part quantity. Kindly answer the following queries: 1)      Can our client refuse the return of balance money as there is no privity of contract between my client and the new buyer? 2)      Since the amount has been accepted initially from the new buyer, basing on the recommendations of original three buyers, Can our client insist that request for refund by the new buyer be routed through the original buyers? 3)      Our client is unaware the agreement among old buyers and new buyer and if such agreement clearly mentions that the new buyer has to lift the entire quantity offered to him of 20,000 T (he has lifted only 50%) failing which any penalties are likely to be imposed on him. 4)      Can our client insist for lifting the Equivalent quantity of sugar at the latest market discovered price instead of refund? Since the original buyers stepped into the shoes of new buyer upon lifting his left out quantity, can we ask them to settle them the matter with the new buyer and ask them to lift the equivalent quantity at the latest market discovered price? Kindly clarify.

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How can I download the complete case law for further reference?

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My father made HUF with eldest son karta and died 24/9/2003 Will probated with HUF detail in Mumbai high court 2004 before act of 2005 daughter rights in property. Two married sisters not member or karta of HUF . can they ask for HUF detail as how money spent from HUF even will approved by High court in 2004 before  act of 2005.

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