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Recently Answered Questions

Allowability of deal facilitation fee paid to promoters while computing LTCG in the hands of investors & taxability of deal facilitation fee paid by investors in the hands of promoters.

The data provided is limited. We are answering this on the limited amount of data provided. Deal facilitation fees can be considered as expenditure by investors when they calculate their ITR. Since this fee is not paid by promoters, promoters will calculate their gains based on the amount they receive in their bank account. GST is applicable...


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What is the process for obtaining GST number applications using Udyog Aadhaar certificate

Udyog Aadhaar is not required to obtain GST Registration. The documents required to obtain GST registration are as follows

 - ID Proof of the Proprietor (Aadhaar/ Election ID/ Driving License/ Passport)

 - PAN Copy of the proprietor

 - Address proof of the proprietor (Bank Account statement/ Any utility bill in t...


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I am a sole proprietor. I had a LTCG last year which i have invested in house property and i showed it in balance sheet as an investment.where can i show it in ITR-3?

This cannot be answered comprehensively without complete information. The government has allowed this exemption in certain conditions only. The slabs are also different. In case you have sold a plot and purchased a flat, the exemption allowed is different from the case where you have sold a flat and purchased a flat/ plot. Also there are conditions li...


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Can an Idea be Licensed

As per Indian laws and regulations, a business or an individual cannot license the mere idea. To license, the idea has to be converted into a tangible form or as a software. 

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What is the process for obtaining GST number applications using Udyog Aadhaar certificate

Udyog Aadhaar is not required to obtain GST Registration. The documents required to obtain GST registration are as follows

 - ID Proof of the Proprietor (Aadhaar/ Election ID/ Driving License/ Passport)

 - PAN Copy of the proprietor

 - Address proof of the proprietor (Bank Account statement/ Any utility bill in t...


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