Uday Narayana

Still a student, Institute of Chartered Accounts of India(ICAI), Senior Article Assistant, Manohar Chowdhry & Associates, Gurgaon (Chartered Accountants) .

Capital gain tax exemption on sale of house property

Exemption related to Capital gain. Sec 54,Sec 54EC, Sec 54GB How to save capital gain tax that arise from sale of House property. provisions relating to sec 54? 1. Basic conditions Following conditions should be satisfied to claim the benefit of section 54. The benefit of section 54 is available only to an individual or …

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Compulsory registration under GST – all you need to know

Provisions related to Compulsory registration are covered under section 24 of CGST act. Section 24: Notwithstanding anything contained in sub-section (1) of section 22, the following categories of persons shall be required to be registered under this Act. Generally, the liability to register under GST arises when you are a supplier within the meaning of …

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All about Reverse Charge Mechanism (RCM) under GST with All Aspects

Definition of RCM : Section 2(98) of the CGST Act, 2017 has defined the term “Reverse Charge” and the same is reproduced as follows: “reverse charge” means the liability to pay tax by the recipient of supply of goods or services or both instead of the supplier of such goods or services or both under sub-section (3) …

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How to save Capital Gains Tax on Sale of Land

How to save capital gain tax on sale of House Property?

Exemption related to Capital gain. Sec 54,Sec 54EC, Sec 54GB How to save capital gain tax that arise from sale of House property. provisions relating to sec 54? 1. Basic conditions Following conditions should be satisfied to claim the benefit of section 54. The benefit of section 54 is available only to an individual or …

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