Q.1 When Gst shall be levied or Charged ?

Ans-  CGST Shall be levied on all intrastate supplies of goods all service. except on the supply of alcoholic liquor for human consumption.

Q 1. जी एस टी चार्ज कब होता है ? या जी एस टी कब लगता है ?

 Answer -        Section-9  इसके बारे मे बात करता है |

CGST चार्ज होता  जब राज्य के अन्दर , माल और सेवा  का  सप्लाई  होता है  पर इंसान के पिने की अल्कोहलिक शराब  की  सप्लाई  पर GST नहीं लगता है |

Hinglish

CGST चार्ज होता है  ON Within State सप्लाई ऑफ़ GOODS OR SERVICE BOTH EXCEPT ALCOHOL LIQUOR FOR HUMAN Consumption .

Q.1 When Gst shall be levied or Charged ?

Ans-  CGST Shall be levied on all intrastate supplies of goods all service. except on the supply of alcoholic liquor for human consumption.

Q 1. जी एस टी चार्ज कब होता है ? या जी एस टी कब लगता है ?

 Answer -        Section-9  इसके बारे मे बात करता है |

CGST चार्ज होता  जब राज्य के अन्दर , माल और सेवा  का  सप्लाई  होता है  पर इंसान के पिने की अल्कोहलिक शराब  की  सप्लाई  पर GST नहीं लगता है |

Hinglish

Q.2 On Which Rate GST Shall be Levied ?

Ans- GST SHALL BE LEVIED AT RATE OF TAX NOTIFIED BY GST COUNCIL.

Q-2 किस रेट से जी एस टी लगेगा ?

Ans-  जो रेट जी एस टी  कॉउंसिल नोटिफाईड करेगी उस रेट से लगेगा |

Q. In Which Cases ( Business ) ECO (E-Commerce Operator ) Liable to Pay Gst ?

 Ans-  There are three Cases

A) Transport Of Passenger by Radio Taxi

B) Hotel

C) House Keeping Services.

Q. कोनसे बिज़नेस में ECO (E-Commerce Operator ) को टैक्स पेमेंट करना होता है ?

Ans-  There are three Cases

A) Transport Of Passenger by Radio Taxi

B) Hotel

C) House Keeping Services.

Q. What do you mean by supply Under GST Act? or What is Scope of supply ? or when gst is charged ?

Ans-  GST  is Charged on Supply and Supply includes all type of supply  Such as means following things includes supply

Clause (a)

  i)   Sale of any things

  ii)   Transfer,

   iii)  Barter, exchange ,

   iv ) License,

   v)  Rental, lease

   vi) Disposal made or agreed to be made . for a consideration by a person in the furtherance of business

Clause (b)

Importation of services for a consideration whether or not in the course or furtherance of business and 

Clause (c)

Q. जी एस टी कब लगता है ? जी एस टी मे सप्लाई का मतलब क्या है सप्लाई किसे कहते है ?

Ans-  जी एस टी  सप्लाई पर लगता है और सप्लाई में ये सब सम्मिलित होता है-

Clause (a)

i)  किसी भी चीज का विक्रय |

ii)  ट्रांसफर / हंस्तातरण |

iii)  चीजों को बदलना |

iv) लाइसेंस |

v) किसी भी चीज को किराये या ठेके पर देने में |

vi) किसी भी चीज को नस्त या खत्म करना  या ख़तम करने का समझोता करना  व्यवसाय करने  में प्रतिफल के बदले |

Clause (b)

किसी भी सेवा को आयात करना प्रतिफल के बदले ,भले व्यवसाय में उपयोग करे  या नहीं  |

Clause (c)

शे᠎̮ड्‌यू्‌ल्‌ 1 में जो क्रिया लिखी गयी है अगर वो बिना प्रतिफल के दे या देने का  समझोता करे तो भी सप्लाई माना जायेगा |

Q. 1 When is the e-way bill to be generated? Who has to generate the e-way bill?

Q. 1 इ वे बिल कब जेनेरेट करना होता है ? इ वे बिल किसे जेनेरेट करना होता है ?

 a) अगर कोई भी रजिस्टर्ड व्यक्ति माल एक स्थान से दूसरे स्थान पर ले जाता है या  वो  अनरजिस्टर्ड से ख़रीदे, माल की कीमत 50,000 /- ( सहित )   हो तो उसे  इ वे बिल जेनेरेट करना होता है  |  

b) अगर माल  कीमत  50,000 से कम हो तो भी अगर रजिस्टर्ड व्यक्ति अपनी इच्छा से इ वे बिल जेनेरेट करना चाहता है तो कर सकता है |

Under what circumstances e-way bill has to be generated even at a cost less than 50,000? Or What is the special rule in case of job work and handicraft to generate e way bill?

किन परिस्थितयो में 50,000 से कम कीमत पर भी इ वे बिल जेनरेट करना है ? या विशेष नियम इ वे बिल जेनरेट करने के जॉब वर्क एंड हेंडीक्राफ्ट के केस में क्या है ?

a)  अगर  प्रिंसिपल माल भेजे, जॉब वर्कर को ,जो दूसरे राज्य में है तो प्रिंसिपल या (जॉबवर्केर अगर रजिस्टर्ड हो तो ) दोनों में से कोई भी इ वे बिल जेनरेट करेगा माल की कीमत कितनी भी हो मतलब 50,000 से कम हो तो भी इ वे बिल जेनरेट  करना है | 

b)  अगर हेंडीक्राफ्ट का माल एक राज्य से दूसरे राज्य में भेजा जाता है तो इ वे बिल जेनरेट करना जरुरी है |

Que-3 If the goods are sent by road, who will generate the e-way bill? or Who will generate the e-way bill if the goods are sent by own vehicle? or Who will generate the e-way bill if the goods are sent by hired vehicle?

Que- 3 अगर माल रोड से भेजा जाये तो इ वे बिल कौन जेनरेट करेगा ? या अगर खुद (स्वयं ) की गाड़ी से माल भेजे तो इ वे बिल कौन जेनरेट करेगा ? या अगर किराये (भाड़े ) की गाड़ी से माल भेजे तो इ वे बिल कौन जेनरेट करेगा ?

जब रजिस्टर्ड व्यक्ति एक स्थान से दूसरे  स्थान माल भेजे या प्राप्त करे 

उसकी खुद की गाड़ी से या 

किराये पर ली हुई गाड़ी से रोड से 

तो रजिस्टर्ड व्यक्ति  इ वे बिल जेनरेट करेगा इ वे बिल पोर्टल से

In which Items GST Compensation Cess Levied ?

GST Compensation  Cess Levied specified luxury items or demerit goods, like pan masala, tobacco, aerated waters, motor cars etc.

मुआवजा उपकर किन किन वस्तुओं पर लगाया जाता है ?

मुआवजा उपकर पान मसाला, तंबाकू, वातित पानी, मोटर कार आदि जैसी विशिष्ट मनोरंजन की वस्तुओं या अवगुण वस्तुओं पर लगाया जाता है ,

What do you mean by Supply Under GST ?

Supply Includes

Supply for consideration in course or furtherance of business [Section 7(1)(a)]

Importation of services for consideration whether or not in course or furtherance of business [Section 7(1)(b)]

Supply without consideration [Section 7(1)(c) + Schedule I]

Excludes

 Negative list [Section 7(2) + Schedule III]

Activities to be treated as supply of goods or supply of services [Section 7(1A) + Schedule II]

जी एस टी में आपूर्ति का मतलब क्या है ?

इसमें शामिइल है:

कार्यप्रणाली में या व्यवसाय को आगे बढ़ाने के लिए प्रतिफल के लिए आपूर्ति[धारा 7(1)(a)]

 व्यवसाय के कार्यप्रणाली या आगे बढ़ने पर प्रतिफल करने के लिए सेवाओं का इसमें शामिल है: +

आयात [धारा 7(1)(b)]

बिना प्रतिफल के आपूर्ति [धारा 7(1)(c) + अनुसूची।] को

 छोड़कर:

नकारात्मक सूची [धारा 7(2) + अनुसूची II]

वस्तुओं की आपूर्ति या सेवाओं की आपूर्ति के रूप में मानी जाने वाली गतिविधियाँ

[धारा 7(1A) + अनुसूची ॥]

Which are the activities which are without consideration also considered as supply or Deemed Supply ?

Schedule-I Activities to be treated as supply even if made without consideration.

1.    Permanent transfer or disposal of business assets where input tax credit has been availed on such assets.

2.    Supply of goods or services or both between related persons or between distinct persons as specified in section 25, when made in the course or furtherance of business. Provided that gifts not exceeding fifty thousand rupees in value in a financial year by an employer to an employee shall not be treated as supply of goods or services or both

3.     Supply of goods — (a) by a principal to his agent where the agent undertakes to supply such goods on behalf of the principal; or (b) by an agent to his principal where the agent undertakes to receive such goods on behalf of the principal.

4.    Import of services by a person from a related person or from any of his other establishments outside India, in the course or furtherance of business.

कोनसी गतिविधिया बिना प्रतिफल के होती है पर आपूर्ति मानी जाती है ?

अनुसूची-1

गतिविधियों को आपूर्ति के रूप में माना जाना चाहिए, भले ही वे बिना प्रतिफल

के किए गए हों

पैरा नंबर

विवरण

1.    व्यावसायिक परिसंपत्तियों का स्थायी स्थानांतरण या निपटान जहां ऐसी परिसंपत्तियों पर इनपुट टैक्स क्रेडिट का लाभ उठाया गया है।

2.    संबंधित व्यक्तियों के बीच या अलग-अलग व्यक्तियों के बीच वस्तु या सेवाओं या दोनों की आपूर्ति, जैसा कि धारा 25 में निर्दिष्ट है, जब कार्यप्रणाली में या व्यवसाय को आगे बढ़ाया जाता है। बशर्ते कि एक नियोक्ता द्वारा किसी कर्मचारी को एक वित्तीय वर्ष में पचास हजार रुपये से अधिक मूल्य के उपहार को वस्तु या सेवाओं या दोनों कीआपूर्ति के रूप में नहीं माना जाएगा। |

3.    माल की आपूर्ति - (a) एक प्रिंसिपल द्वारा अपने एजेंट को जहां एजेंट प्रिंसिपल की ओर से ऐसे __माल की आपूर्ति करने का वचन देता है, वस्तु एवं सेवा कर  (b) एक एजेंट द्वारा अपने प्रिंसिपल को जहां एजेंट प्रिंसिपल की ओर से ऐसे माल प्राप्त करने का वचन देता है। |

4.    किसी व्यक्ति द्वारा किसी संबंधित व्यक्ति से या भारत के बाहर उसके किसी अन्य प्रतिष्ठान से, कार्यप्रणाली में या व्यवसाय को आगे बढ़ाने के लिए सेवाओं का आयात।

Which are the Activities or transactions which shall be treated neither as a supply of goods nor a supply of services ?

1. Services by an employee to the employer in the course of or in relation to his employment.

2. Services by any court or Tribunal established under any law for the time being in force.

3. (a) Functions performed by Members of Parliament, Members of State Legislature, Members of Panchayats, Members of Municipalities & Members of other local authorities;

 (b) Duties performed by any person who holds any post in pursuance of the provisions of the Constitution in that capacity; or

(c) Duties performed by any person as a Chairperson or a Member or a Director in a body established by the Central Government or a State Government or local authority and who is not deemed as an employee before the commencement of this clause.

 4. Services of funeral, burial, crematorium or mortuary including transportation of the deceased.

 5. Sale of land and, subject to paragraph 5(b) of Schedule II, sale of building.

6. Actionable claims, other than lottery, betting and gambling.

 7. Supply of goods from a place in the non-taxable territory to another place in the non-taxable territory without such goods entering into India.

 8. (a) Supply of warehoused goods to any person before clearance for home consumption.

कोनसी गतिविधियां या लेनदेन जिन्हें न तो माल की आपूर्ति और न ही सेवाओं की आपूर्ति के रूप में माना जाएगा ?

1.    एक कर्मचारी द्वारा नियोक्ता को उसके रोजगार के दौरान या उसके संबंध में सेवाएं।

2.    किसी भी कानून के तहत स्थापित किसी भी अदालत या ट्रिब्यूनल द्वारा सेवाएं।

3.     

(a)  संसद सदस्यों, राज्य विधानमंडल के सदस्यों, पंचायतों के सदस्यों, नगर पालिकाओं के सदस्यों और अन्य स्थानीय प्राधिकरणों के सदस्यों द्वारा किए गए कार्य;

   (b) संविधान के प्रावधानों के अनुसरण में किसी भी पद को धारण करने वाले किसी भी व्यक्ति द्वारा किए गए कर्तव्य; या

   (c) केंद्र सरकार या राज्य सरकार या स्थानीय प्राधिकरण द्वारा स्थापित निकाय में अध्यक्ष या सदस्य या निदेशक के रूप में किसी भी व्यक्ति द्वारा किए गए कर्तव्य और जिन्हें इस खंड के शुरू होने से पहले कर्मचारी के रूप में नहीं समझा जाता है।

4.     मृतक के परिवहन सहित अंतिम संस्कार, दफनाने, श्मशान या मुर्दाघर की| सेवाएं।.

1.     भूमि की बिक्री और, अनुसूची || के पैराग्राफ 5 (बी) के अधीन, भवन की बिक्री|

2.    लाटरी, सट्टे और जुए के अलावा कार्रवाई योग्य दावे।

3.    भारत में प्रवेश किए बिना गैर-कर योग्य क्षेत्र में एक स्थान से गैर-कर योग्य | | क्षेत्र में दूसरे स्थान पर माल की आपूर्ति।

4.     

(a)  घरेलू खपत के लिए मंजूरी से पहले किसी भी व्यक्ति को गोदाम में | रखे सामान की आपूर्ति। |

(b)  भारत के बाहर स्थित मूल बंदरगाह से माल भेजने के बाद, लेकिन घरेलू खपत के लिए निकासी से पहले, माल के शीर्षक के दस्तावेजों के समर्थन द्वारा किसी अन्य व्यक्ति को माल की आपूर

What do you mean by Composite supply ?

v Consist of two or more supplies

v Naturally bundled

v In conjunction with each other

v One of which is principal supply

v Tax liability shall be rate of principal supply

समग्र आपूर्ति किसे कहते है ?

समग्र आपूर्ति •दो या दो से अधिक आपूर्ति से मिलकर बनता है • स्वाभाविक रूप से बंडल • एक दूसरे के साथ संयोजन में •जिनमें से एक प्रमुख आपूर्ति है •कर देयता मूल आपूर्ति की दर होगी • उदाहरण: मोबाइल फोन के साथ दिया गया चार्जर।

What do you mean by mixed supply ?

•Consist of two or more supply •Not naturally bundled •Though can be supplied independently, still supplied together •Tax liability shall be the rate applicable to the supply that attracts highest rate of tax .

मिश्रित आपूर्ति किसे कहते है ?

•दो या दो से अधिक आपति से मिलकर बनता है •स्वाभाविक रूप से बंडल नहीं हालांकि स्वतंत्र रूप से आपूर्ति की जा सकती है, फिर भी एक साथ आपूर्ति की जा सकती

•कर देयता उस आपूर्ति पर लागू दर होगी जो कर की उच्चतम दर को आकर्षित करती है।

What is Place of supply where supply involves the movement of goods, whether by the supplier or the recipient or by any other person?

Location of the goods at the time at which, the movement of goods terminates for delivery to the recipient.

जहाँ आपूर्ति में माल की आवाजाही शामिल जिस पर है, चाहे आपूर्तिकर्ता या प्राप्तकर्ता द्वारा या किसी अन्य व्यक्ति द्वारा की जाये तो माल का स्थान क्या होता है ?

उस समय माल का स्थान जिस पर प्राप्तकर्ता को वितरण के लिए माल की या किसी अन्य व्यक्ति द्वारा आवाजाही समाप्त हो जाती है

Que What is Place of supply Where the goods are delivered to the recipient or any person on the direction of the third person by way of transfer of title or otherwise i.e in case of bill to ship to model ?

Principal place of business of such third person.

जहाँ माल प्राप्तकर्ता या किसी व्यक्ति को तीसरे व्यक्ति के निर्देश पर शीर्षक के प्रमुख स्थान हस्तांतरण के माध्यम से या अन्यथा वितरित किया जाता है तो माल का स्थान क्या होता है ?

ऐसे तीसरे व्यक्ति के व्यवसाय का प्रमुख स्थान.

What is Place of supply where there is no movement of goods either by supplier or recipient ?

Location of such goods at the time of delivery to the recipient.

जहाँ आपूर्तिकर्ता या प्राप्तकर्ता द्वारा माल की कोई आवाजाही नहीं होती है तो माल का स्थान क्या होता है ?

 प्राप्तकर्ता को वितरण के समय ऐसे माल का स्थान

What is Place of supply where goods are assembled or installed at site ?

Place where the goods are assembled or installed.

. जहाँ स्थल पर माल इकट्ठा या स्थापित किया जाता है तो माल का स्थान क्या होता है ?

वह स्थान जहाँ माल इकट्ठा या स्थापित किया जाता है

What is Place of supply in case of Immovable property related-services including accommodation in hotel/boat/vessel ?

Location at which the immovable property or boat or vessel is located or intended to be located.

If located outside India: Location of the recipient

If the immovable property or boat or vessel is located in more than one State than Each such State in proportion to the value of services provided in each State.

होटल/नाव/जहाज में आवास सहित अचल संपत्ति संबंधी सेवाओं में माल का स्थान क्या होता है ?

वह स्थान जहाँ अचल संपत्ति या नाव या जहाज स्थित है या स्थित होने का इरादा है ।

  यदि भारत के बाहर स्थित है: प्राप्तकर्ता का स्थान

What is Place of supply in case of Restaurant and catering services, personal grooming, fitness, beauty treatment and health service ?

Location where the services are actually performed

रेस्तरां और खानपान सेवाएँ व्यक्तिगत सौंदर्य, फिटनेस, सौंदर्य उपचार और स्वास्थ्य सेवा में माल का स्थान क्या होता है ?.

स्थान जहाँसेवाएँ वास्तव में की जाती हैं .

What is Place of supply in case of Training and performance appraisal ?

B2B: Location of such registered person

B2C: Location where the services are actually performed

प्रशिक्षण और प्रदर्शन मूल्यांकन सेवा में माल का स्थान क्या होता है?

B2B: ऐसे पंजीकृत व्यक्ति का स्थान

B2C: वह स्थान जहाँ सेवाएँ वास्तव में निष्पादित की जाती हैं.

What is Place of supply in case of Admission to an event or amusement park ?

Place where the event is actually held or where the park or the other place is located

किसी कार्यक्रम या मनोरंजन पार्क में प्रवेश सेवा में माल का स्थान क्या होता है?

वह स्थान जहाँ वास्तव में आयोजन होता है  या जहाँ पार्क या अन्य स्थान स्थित है

What is Place of supply in case of Organisation of an event including ancillary services and assigning of sponsorship to such events ?

Ans B2B: Location of such registered person

       B2C: Location where the event is actually held • If the event is held outside India: Location of the recipient.

If the event is held in more than one State (in cases of unregistered recipient) than Each such State in proportion to the value of services provided in each State

सहायक सेवाओं सहित किसी कार्यक्रम का आयोजन और ऐसे आयोजनों को प्रायोजन प्रदान करना सेवा में माल का स्थान क्या होता है?

B2B: ऐसे पंजीकृत व्यक्ति का स्थान

What is Place of supply in case of Transportation of goods, including mails or courier ?

B2B: Location of such registered person

 B2C: Location at which such goods are handed over for their transportation.

      If the goods are transported outside India: Location of the destination of goods

मेल या कूरियर सहित माल का परिवहन सेवा में माल का स्थान क्या होता है ?

B2B: ऐसे पंजीकृत व्यक्ति का स्थान

B2C: वह स्थान जहाँ ऐसे माल उनके परिवहन के लिए सौंपे जाते हैं ।

         यदि माल भारत से बाहर ले जाया जाता है  माल के गंतव्य का स्थान

What is Place of supply in case of Passenger transportation ?

B2B: Location of such registered person

 B2C: Place where the passenger embarks on the conveyance for a continuous journey

यात्री परिवहन सेवा में माल का स्थान क्या होता है ?

B2B: ऐसे पंजीकृत व्यक्ति का स्थान

B2C: वह स्थान जहाँ यात्री निरंतर यात्रा के लिए वाहन पर आता है

What is Place of supply in case of Services on board a conveyance ?

Location of the first scheduled point of departure of that conveyance for the journey.

एक वाहन पर सेवाएँ में माल का स्थान क्या होता है ?

यात्रा के लिए उस वाहन के प्रस्थान के पहले निर्धारित बिंदु का स्थान.

What is Place of supply in case of Banking and other financial services including stock broking ?

Location of the recipient of services in the records of the supplier

 Location of the supplier of services if the location of the recipient of services is not available.

स्टॉक ब्रोकिंग सहित बैंकिंग और अन्य वित्तीय सेवाएँ में माल का स्थान क्या होता है ?

आपूर्तिकर्ता के अभिलेख में सेवाओं के प्राप्तकर्ता का स्थान

 सेवाओं के आपूर्तिकर्ता का स्थान यदि सेवाओं के प्राप्तकर्ता का स्थान उपलब्ध नहीं है

What is Place of supply in case of Insurance service ?

B2B: Location of such registered person

B2C: Location of the recipient of services in the records of the supplier.

बीमा सेवाएँ में माल का स्थान क्या होता है ?

B2B: ऐसे पंजीकृत व्यक्ति का स्थान

B2C आपूर्तिकर्ता के अभिलेख में सेवाओं के प्राप्तकर्ता का स्थान

What is Place of supply in case of Advertisement services to the Government ?

Each of States/Union territory where the advertisement is broadcasted/displayed/

run/disseminated.

Proportionate value in case of multiple States.

सरकार को विज्ञापन सेवाएँ में माल का स्थान क्या होता है ?

प्रत्येक राज्य/संघ राज्य क्षेत्र जहाँविज्ञापन प्रसारित/प्रदर्शित/चलाया/प्रसारित किया जाता है ।

What is Place of supply in case of Telecommunication services ?

Services involving fixed line, leased and internet leased circuits, dish antenna etc: Location of such fixed equipment

Post-paid mobile/ internet services: Location of billing address of the recipient and if the same is not available, location of supplier.

Pre-paid mobile/ internet/DTH services provided:

• Through selling agent/reseller/distributor: Address of such selling agent/reseller/distributor in the records of supplier at the time of supply

 • By any person to final subscriber: Location where pre-payment is received or place of sale of vouchers

 • When payment made through electronic mode - Location of recipient in records of supplier

Other cases: Address of the recipient in the records of the supplier and if the same is not available, location of supplier

If the leased circuit is installed in more than one State Each such State in proportion to the value of services provided in each State

दूरसंचार सेवाएँ में माल का स्थान क्या होता है ?

फिक्स्ड लाइन, लीज और इंटरनेट लीज सर्किट, डिश एंटेना आदि से जुड़ी सेवाएँ: ऐसे फिक्स्ड उपकरण का स्थान

 पोस्ट-पेड मोबाइल/इंटरनेट सेवाएँ: प्राप्तकर्ता के बिलिंग पते का स्थान और यदि वह उपलब्ध नहीं है, तो आपूर्तिकर्ता का स्थान ।

प्रीपेड मोबाइल/इंटरनेट/डीटीएच सेवाएँप्रदान की गई

: • बिक्री एजेंट/पुनरविक्रेता/वितरक के माध्यम से: आपूर्ति के समय आपूर्तिकर्ता के अभिलेख में ऐसे बिक्री

प्रतिनिधि पुनरविक्रेता/वितरक का पता

किसी भी व्यक्ति द्वारा अंतिम ग्राहक तक: वह स्थान जहाँ पूर्व भुगतान प्राप्त होता है या वाउचर की बिक्री का स्थान

जब इलेक्ट्रॉनिक मोड के माध्यम से भुगतान किया जाता है - आपूर्तिकर्ता के अभिलेख में  प्राप्तकर्ता का स्थान ।

अन्य मामले: आपूर्तिकर्ता के अभिलेख में प्राप्तकर्ता का पता और यदि वह उपलब्ध नहीं है, तो आपूर्तिकर्ता का स्थान

What is Place of Supply if service are other than specified service ?

B2B Location of such registered person

         B2C Where the address on record exists: Location of the recipient.

                  Other cases: Location of the supplier of services.

निर्दिष्ट सेवाओं के अलावा अन्य सेवाओं के लिए माल का स्थान क्या होता है ?

B2B: ऐसे पंजीकृत व्यक्ति का स्थान

 B2C आपूर्तिकर्ता के अभिलेख में सेवाओं के प्राप्तकर्ता का स्थान

  सेवाओं के आपूर्तिकर्ता का स्थान यदि सेवाओं के प्राप्तकर्ता का स्थान उपलब्ध नहीं है

What is general/ Default rule of Place of supply ?

B2B Location of such registered person

 B2C Where the address on record exists: Location of the recipient.

    Other cases: Location of the supplier of services.

निर्दिष्ट सेवाओं के अलावा अन्य सेवाओं के लिए माल का स्थान क्या होता है ?

B2B: ऐसे पंजीकृत व्यक्ति का स्थान

 B2C आपूर्तिकर्ता के अभिलेख में सेवाओं के प्राप्तकर्ता का स्थान

          सेवाओं के आपूर्तिकर्ता का स्थान यदि सेवाओं के प्राप्तकर्ता का स्थान उपलब्ध नहीं है

1. If Services supplied in respect of goods which are required to be made physically available ?

Location where the services are actually performed

यदि भौतिक रूप से उपलब्ध कराने के लिए आवश्यक वस्तुओं के संबंध में आपूर्ति की जाने वाली सेवाएँ हो ?

स्थान जहाँसेवाएँ वास्तव में की जाती हैं

2. If Services supplied in respect of goods but from a remote location by way of electronic means ?

Location where the goods are situated at the time of supply of services

यदि माल के संबंध में आपूर्ति की गई सेवाएँ लेकिन इलेक्ट्रॉनिक माध्यमों से दूरस्थ स्थान से दी गयी हो ?

वह स्थान जहाँ सेवाओं की आपूर्ति के समय माल स्थित है

3. What If Services which require the physical presence of the recipient or the person acting on his behalf with the supplier of services ?

Location where the services are actually performed.

4. यदि ऐसी सेवाएँ हो जिनके लिए सेवाओं के आपूर्तिकर्ता के साथ प्राप्तकर्ता या उसकी ओर से कार्य करने वाले व्यक्ति की भौतिक उपस्थिति की आवश्यकता होती है ?

स्थान जहाँसेवाएँ वास्तव में की जाती हैं

5. If Service supplied directly in relation to an immovable property including accommodation in hotel, boat, vessel ?

Place where the immovable property is located or intended to be located .

यदि होटल, नाव, जहाज में आवास सहित अचल संपत्ति के संबंध में सीधे आपूर्ति की गई सेवा हो ?

वह स्थान जहाँअचल संपत्ति  स्थित है या स्थित होने का इरादा है

What is Place of supply in case of Admission to an event or amusement park ?

Place where the event is actually held or where the park or the other place is located.

किसी कार्यक्रम या मनोरंजन पार्क में प्रवेश सेवा में माल का स्थान क्या होता है?

वह स्थान जहाँ वास्तव में आयोजन होता है  या जहाँ पार्क या अन्य स्थान स्थित है

What is Place of supply in case of if above services provided At more than one location, including a location in the taxable territory ?

Location in the taxable territory

कर योग्य क्षेत्र में एक स्थान सहित एक से अधिक स्थानों पर हो?

कर योग्य क्षेत्र में स्थान

What is Place of supply in case of Services supplied by a banking company, or a financial institution, or a NBFC to account holders, Intermediary services, Services consisting of hiring of means of transport, including yachts but excluding aircrafts and vessels, up to a period of one month ?

Location of the supplier of services

वित्तीय संस्थान, या एनबीएफसी दवारा प्रदान की जाने वाली सेवाएँ , मध्यस्थ सेवाएँ , सेवाओं में नौकाओं सहित परिवहन के | साधन किराए पर लेना शामिल है, लेकिन एक महीने की अवधि तक विमान और जहाजों को छोड़कर सेवा में माल का स्थान क्या होता है?

सेवाओं के आपूर्तिकर्ता का स्थान

What is Place of supply in case of Transportation of goods, other than by way of mail or courier ?

Place of destination of such goods.

माल का परिवहन, मेल या कुरियर से भिन्न में माल का स्थान क्या होता है?

ऐसे माल का गंतव्य स्थान माध्यम

What is Place of supply in case of Passenger transportation ? Place where the passenger embarks on the conveyance for a continuous journey .?

Place where the passenger embarks on the conveyance for a continuous journey .

यात्री परिवहन सेवा में माल का स्थान क्या होता है?

वह स्थान जहाँ यात्री निरंतर यात्रा के लिए वाहन पर चढ़ता है .

What is Place of supply in case of Services provided on-board a conveyance ?

First scheduled point of departure of that conveyance for the journey.

एक वाहन पर ऑन-बोर्ड प्रदान की जाने वाली सेवा में माल का स्थान क्या होता है?

यात्रा के लिए उस वाहन के प्रस्थान का पहला निर्धारित बिंदु

What is Place of supply in case of Online information and database access or retrieval services ?

Location of recipient of service.

ऑनलाइन सूचना और डेटाबेस पहुंच या पुनर्माप्ति सेवा में माल का स्थान क्या होता है?

 सेवा प्राप्त करने वाले का स्थान

What is rate of TDS on interest on securities?

TDS rate on interest on securities is 10%.

प्रतिभूतियों पर ब्याज पर टीडीएस की दर क्या है?

प्रतिभूतियों पर ब्याज पर टीडीएस की दर 10% है।

What is rate of payment to NR sports person Association / entertainer?

Payment to NR sports person  Association / entertainer rate  20.8%(20%+HEC@4)

एनआर स्पोर्ट्स पर्सन एसोसिएशन / एंटरटेनर को भुगतान की दर क्या है?

एनआर स्पोर्ट्स पर्सन एसोसिएशन / एंटरटेनर रेट को भुगतान 20.8%(20%+HEC@4)

What is rate for commission on sale of lottery tickets ?

Commission on sale of lottery tickets rate 5%

लॉटरी टिकटों की बिक्री पर कमीशन की दर क्या है?

लॉटरी टिकटों की बिक्री पर कमीशन दर 5%

What is rate for commission brokerage ?

Commission brokerage rate 5%

कमीशन ब्रोकरेज के लिए दर क्या है?

कमीशन ब्रोकरेज दर 5%

What is rate of TDS on (a) fees for professional service ?

TDS on  (a) fees for professional service rate 10%

(ए) पेशेवर सेवा के लिए फीस पर टीडीएस की दर क्या है?

टीडीएस ऑन (ए) पेशेवर सेवा दर के लिए शुल्क 10%

What is rate of TDS on E- commerce (sale of goods/ service)?

TDS rate on E- commerce (sale of goods/ service) 1% Gross amount of sale price

ई-कॉमर्स (माल/सेवा की बिक्री) पर टीडीएस की दर क्या है?

ई-कॉमर्स (माल/सेवा की बिक्री) पर टीडीएस दर बिक्री मूल्य की 1% सकल राशि

When income taxable under capital gain ?

If there is a Transfer of Capital Asset during the Previous Year, then Gains/Profit on such transfer is taxable under the head capital Gains. ( Short term & Long term ) then

in the Previous year in which Transfer took place

पूंजीगत लाभ के तहत आय कब कर योग्य होती है?

What is the meaning of Transfer under capital gain ?

TRANSFER INCLUDES section 2(47) :

1. Sale, Exchange Relinquishment of Asset
2. Extinguishment of any right
3. Transfer which has effect of Transferring/enabling the enjoyment of immovable property than Eg:. Becoming member of Housing co-operative society/ company and getting possession of House on paying consideration
4. Compulsory Acquisition of property
5. Conversion of Capital Asset into stock in Trade
6. Redemption/ Maturity of Zero Coupon Bond
7. Giving possession of an immovable property for consideration in part performance of contract.

कैपिटल गेन के तहत ट्रांसफर का क्या मतलब है?

When Capital Gains is taxable under Income Tax ?

Generally, Capital Gains is chargeable in the year in Which Transfer Takes place, than But in these 4 cases, Year of Changeability is different from Year of Transfer

Exceptions to sec 45(1) :

1. Conversion of capital Asset into stock in Trade
2. Compulsory Acquisition of asset
3. Insurance claims for Damage or Destruction of capital Asset
4. Joint Development Agreement

Taxability:

1.     Year in which stock is sold

2.     Year in which compensation is received

3.     Year in which Insurance claim is received

4.     Year in which CC is issued by competent Authority

आयकर के तहत पूंजीगत लाभ कब कर योग्य होता है?

When Capital Gains is taxable under Income Tax in case of Conversion of capital Asset into stock in Trade ?

Capital Asset into Stock in Trade

1. Year of Calculating Capital Gain & applying Indexation =Year of conversion
2. Year of Taxability =Year in which Stock in Trade is sold

पूंजीगत संपत्ति के व्यापार में स्टॉक में रूपांतरण के मामले में आयकर के तहत पूंजीगत लाभ कब कर योग्य है?

How much amount taxable under Capital Gain in case of Conversion of capital Asset into stock in Trade ?

Capital Gain :

FVOC = Fair market value on conversion date minus(-) Cost of Acquisition/ICost of Acquisition = cost of Acquisition 

= Capital Gain= xxx

By applying Indexation of year of conversion

व्यापार में स्टॉक में पूंजीगत संपत्ति के रूपांतरण के मामले में पूंजीगत लाभ के तहत कितनी राशि कर योग्य है?

How much amount taxable as Business income in case of Conversion of capital Asset into stock in Trade ?

PGBP Income :

Sale Value= Sale Price

minus(-)  Cost = Fair market value

= PGBP Income

Conclusion: In the year when stock in Trade is Sold, 2 Incomes will be taxable:. PGBP & Capital Gain

व्यापार में स्टॉक में पूंजीगत संपत्ति के रूपांतरण के मामले में व्यापार आय के रूप में कितनी राशि कर योग्य है?

How much amount taxable under Capital Gain in case of compulsory acquisition of capital Asset ?

In case of  Initial Compensation :

1. Full value of consideration   i.e. compensation amount minus (cost of acquisition or index cost of acquisition + COST OF improvement OR Index cost of improvement)

In case of Enhanced Compensation :

1.     Full value of consideration i.e.  Enhanced compensation amount minus Litigation expenses

पूंजीगत संपत्ति के अनिवार्य अधिग्रहण के मामले में पूंजीगत लाभ के तहत कितनी राशि कर योग्य है?

How much amount taxable under Capital Gain in case of compulsory acquisition if Compensation is received in Instalments ?

1.  In case of  Initial Compensation :   Full Amount is taxable when first Installment was Received.
2. In case of Enhanced Compensation :  Taxable in the respective years when different Installments are received Taxable in the year

यदि किस्तों में मुआवजा प्राप्त होता है तो अनिवार्य अधिग्रहण के मामले में पूंजीगत लाभ के तहत कितनी राशि कर योग्य है?

How much amount taxable under Capital Gain in case of compulsory acquisition if Enhanced Compensation received due to interim order of Court ?

Taxable in the year  when Final Order is Passed.

 If Initial Compensation :

a)    LTCG → Enhanced - LTCG

b)    STCG → Enhanced- STCG

न्यायालय के अंतरिम आदेश के कारण बढ़ा हुआ मुआवजा प्राप्त होने पर अनिवार्य अधिग्रहण के मामले में पूंजीगत लाभ के तहत कितनी राशि कर योग्य है?

What is taxability if interest received on delay of compensation ?

Interest received on delay of compensation - Taxable under IFOS & 50% deduction is allowed u/s 57.

करदेयता क्या है यदि मुआवजे में देरी पर प्राप्त ब्याज?

मुआवजे में देरी पर प्राप्त ब्याज - IFOS के तहत कर योग्य और धारा 57 के तहत 50% कटौती की अनुमति है।

What is the provision if compulsory Acq. of urban Agriculture land ?

For Ind/HUF, Compulsory Acq. of urban Agriculture land - Fully Exempt u/s 10(37) than

If such land is used by him/ his parents/HUF for Agri. purpose in preceding 2 years before Transfer.

क्या है प्रावधान अगर अनिवार्य ए.सी. शहरी कृषि भूमि की?

What is the provision if Insurance Claims for Damage or Destruction of Capital Asset ?

When Cap. Asset is  Damaged due to : Fire, Flood, Earthquake, Tsunami, Riot, Civil Disturbance.

1. year of Calculating Capital Gains and applying Indexation = Year of compulsory Acquisition
2. Year of Taxability = Year in which Compensation is received

यदि पूंजीगत संपत्ति के नुकसान या विनाश के लिए बीमा दावा करता है तो क्या प्रावधान है?

What is the provision of Capital Gains in case of Joint Development Agreement ?

Assessee : Individual/HUF

1. Year of Calculating Capital Gains  and applying Indexation is Year in which possession is Transferred in JDA
2. Year of Taxability is Year in which completion Certificate is issued by competent Authority.
3. FVOC= Stamp Duty value of share in Project on the date of issue completion certificate + any amt. received

संयुक्त विकास समझौते के मामले में पूंजीगत लाभ का क्या प्रावधान है?

How to Computation SHORT TERM CAPITAL GAIN in Section 48 ?

SHORT TERM CAPITAL GAIN-

Full Value of Consideration                            xxx

Less Transfer Expenses                                (xxx)

Net Sale Consideration                        =        xxx

Less Cost of Acquisition                                (xxx)

Less  Cost of Improvement                                      (xxx)

Short Term Capital Gain/(loss)            =        xxx

(STT not allowed in Transfer Expenses)

2nd Proviso to Section 48 INDEXATION : CII For F.Y. 01-02 - 100 For F.Y. 22-23 - 331 If Asset is purchased before 1.4.2001. CII will be 100

सेक्शन 48 में शॉर्ट टर्म कैपिटल गेन की गणना कैसे करें?

Which case Indexation is not available ?

Some cases indexation is not available -

1. Slump Sale
2. Section 112A
3. Depreciable Asset (Always short Term)
4. Bonds or Debentures Except (Capital Index Bonds & Sovereign Bonds)

किस मामले में इंडेक्सेशन उपलब्ध नहीं है?

What is Tax Rates in case sale of Equity shares/ Units of Equity Oriented Fund/ Units of Business Trust ?

a. Short Term Cap. Gain Taxable u/s sec 111A than  Taxable @     15%

b. Long term Cap. Gain Taxable uls 112A  than Taxable @10% in excess of 1,00,000

Other STCG → Normal Tax Rate

Other LTCG (Other than 112A) (Taxable u/s 112 - Taxable@20%)

Full value of Consideration:  → Amount Received or Accruing as a result of Transfer of Capital Asset

इक्विटी शेयरों/इक्विटी ओरिएंटेड फंड की इकाइयों/बिजनेस ट्रस्ट की इकाइयों की बिक्री के मामले में कर की दरें क्या हैं?

What is th cost of acquisition in case of Equity share/ Units of Mutual Fund ?

Cost of Acquisition → If purchased before 31.1.18

(i) or (ii) w. e. is higher    

(i) Purchase price

(ii) :  (a) Sale Consideration

(b) Fair market value as on 31.1.18

          (a) or (b) w. e. Lower

इक्विटी शेयर/म्युचुअल फंड की इकाइयों के मामले में अधिग्रहण की लागत क्या है?

How to find Fair market value of Equity share/ Units of Mutual Fund as on 31.1.18 ?

Fair market value as on 31.1.18

1.Shares :

a)    Highest Trading Price on Recognised Stock Exchange on 31.1.18

 2. Units :  

a)    Listed on 31.1.18       Highest Trading Price on Recognised Stock Exchange on 31.1.18

b)    Unlisted on 31.1.18     Net Asset Value on 31.1.18

31.1.18 को इक्विटी शेयर/म्युचुअल फंड की इकाइयों का उचित बाजार मूल्य कैसे पता करें?

What is full Value of consideration in case transfer of Land & Building ?

When Land or Building or Both is transferred then:

FVOC is Sale price OR Stamp Duty value Which Ever is higher shall be deemed to be Full Value of Consideration

→ If Stamp duty value < 110% of Sale Price then FVOC= Sale price

भूमि और भवन के हस्तांतरण के मामले में विचार का पूर्ण मूल्य क्या है?

What is included for calculating Cost of Acquisition in capital gain ?

-  Purchase price + all exp. incurred on purchase( STT will not be added.)

→ Any amount paid for obtaining clear title of property shall be included in cost of Acquisition

For Intangible Assets:

[Goodwill of Business, Profession, Brand Name, Trademark, Copyright] -

a)    Self Generated → Cost of Acquisition=Nil

b)    If purchased → Purchase price

For goodwill of Business or profession, on which  depreciation has been taken (up to P.Y. 19-20) then Cost of Acquisition = Purchase price-Deprecation till date

→ Cost of Acquisition of Asset obtained by way of Transactions which are Not regarded as transfer then Cost of Acquisition = Cost to the Previous owner There are 2 views with regards to indexation in this case. COI= Cost of Improvement of previous + present owner is considered then

There are 2 views with regards to indexation in this case.:

a)    As per provisions: CII will be taken for the year in which assessee (present owner) first held the asset

पूंजीगत लाभ में अधिग्रहण की लागत की गणना के लिए क्या शामिल है?

How cost of acquisition is calculated under capital gain if Assets Acquired before 1.4.2001 ?

Cost of Acquisition orFair market value. As on 1.4.2001 (Which Ever is higher)

Imp Note: For land and Building, Fair market value as on 1.4.2001 can not exceed Stamp duty  so value as an 1.4.2001. - Cost of Acquisition: Fair market value or Stamp duty value  (Which Ever is lower)

यदि संपत्ति 1.4.2001 से पहले अधिग्रहीत की गई है, तो पूंजीगत लाभ के तहत अधिग्रहण की लागत की गणना कैसे की जाती है?

What is the Cost of Acquisition of Bonus shares in case of capital gain ?

Date of Allotment :

1. BEFORE 1.4.2001 Fair market value as on 1.4.2001
2. AFTER 1.4.2001 NIL

पूंजीगत लाभ के मामले में बोनस शेयरों के अधिग्रहण की लागत क्या है?

What is the Cost of Acquisition of Right share in case of capital gain ?

RIGHT SHARES:

1. If Right Shares are purchased Purchase price of Right Share

2. If Right Shares Renounced Nil than

3. If Right shares are sold to other person, then :

a)    In the hands of purchaser Cost of Acquisition = Cost of share + Price of Rights

b)    In the hands of seller Proceeds from sale of Rights will be taxable as Short Term capital Gains(POH<3 yrs)

पूंजीगत लाभ के मामले में राइट शेयर के अधिग्रहण की लागत क्या है?

How Maturity of ULIP [Unit linked Insurance Plan] taxed in Income Tax act ?

Maturity of ULIP [Unit linked Insurance Plan] - Sec 45(1B)- → Any Amount (not exempt us 10(10D) received by any person under ULIP issued on or after 01.02.2021

          Shall be taxable as capital Gains Income if :

a)    premium paid> Rs. 2,50000 for any year

b)    Aggregate premium paid by a person for more than one P.Y.s More than Rs. 2,50,000

 Taxation of ULIP :

Conditions to check for Exemption: 

Before 1.2.21 -    Premium → upto 10% of sum assured

on or after 1.2. 21-       Premium →upto 2,50,000

                          premium → upto 10% of sum assured

1.     In Case of Single ULIP issued on or after 1.2.21: If Premium Paid on such policy is upto 2,50,000, then the maturity is exempt u/s 10(10D). If Premium Paid on such policy is > 2,50,000, then the maturity is taxable.

2.     In Case if Multiple ULIPs issued on or after 1.2.21: The ULIPs in respect of which aggregate Premium is upto 2,50,000, those ULIPs' Maturity will be exempt u/s 10(10D). Other ULIPs maturity will be taxable

3.     In Case of Death of Insured, Maturity will be Exempt u/s Sec 10(10D)

Where any person receives any amount under ULIP which is not exempt u/s 10(10D), then any profit or gain arising from such amount shall be taxable as Capital Gain

Rule 8AD :

1. A-B is taxable as Capital Gain :

A= Any Amount from Policy Received = Jo Paisa mila - Jo paisa Diya

B= Premium Paid till Now = Jo Paisa mila - Jo paisa Diya

2. C-D :

C= Balance Maturity Amount Received = Jo Baad me Paisa Mila - Jo Extra Premium Diya

D= Premium paid on this amount=   Jo Baad me Paisa Mila - Jo Extra Premium Diya

यूलिप [यूनिट लिंक्ड इंश्योरेंस प्लान] की परिपक्वता पर आयकर अधिनियम में कैसे कर लगाया जाता है?

What do you mean by SLUMP SALE and how it is taxed in the Income Tax act ?

SLUMP SALE [Sec. 50B] :

Slump Sale means Sale of Undertaking/Unit/division for Lump Sum Consideration. If unit/ undertaking is held for more than 3 years than Long term capital Gain will arise Otherwise short term

→Indexation not allowed in Slump sale :

a)    Full Value of Consideration = Fair market value 1 or Fair market value 2  (Which Ever is higher)

b)    Cost of Acquisition = Net worth of Unit Transferred

a)    Full Value of Consideration: Fair market value 1 or Fair market value 2 (Which Ever is higher)

Jo Assts ki value nahi badhti - Book value. Jo Assets kii value Badhti hai- Fair market value/Stamp duty value/OMV Liabilities - Book value

Fair market value 1 = A + B + C + D - L

A = Book Value Of All Assets

Less (-) [TDS/Advance Tax Less Refund]

Less (-) Unamortized deferred expenditure then

Except Some Assets

Jewelry, artistic work- B

Shares & Securities - C

Immovable property - D

B = Open Market Value of Jewellery, Artistic work

C = Fair market value of shares & securities

D = Stamp duty value of Immovable properties

L=Book value of all the liabilities shall be taken Excluding:

a)    → Any provision of Income Tax

b)    → Paid up capital

c)    → any contingent liability other than arrears of dividend on cumulative pref. shares

d)    → any unascertained liability

e)    → any reserve or surplus

f)      → any provision for dividend which were not declared before date of transfer

          Fair market value 2 = E + F + G + H

E = Amount received from Transfer

F = Fair market value of shares & securities received

G = Stamp duty value of Immovable property Received

H = Open Market Value of Other Assets received

Jo paise mile for transfer + Jo Assets mile unki - Fair market value/Stamp duty value/OMV

→ for all the above assets, Valuation date is date of slump sale.

Cost of Acquisition = Net worth of the Undertaking :

Total Value of Assets Transferred

Less  (-) Book Value of liabilities

= Net worth of Unit

Total Value of Assets Transferred -

a)    Depreciable Assets = WDV

b)    Sec 35 AD Assets =Nil

c)    Self generated goodwill= Nil

d)     Other Assets = Book value

Note: For Revalued Assets, Remove the effect of Revaluation i.e. take the original value without revaluation

SLUMP SALE से आप क्या समझते हैं और आयकर अधिनियम में इस पर कैसे कर लगाया जाता है?

If Partner transfer asset to Firm/AOP/BOI as a Capital contribution than how it is taxed ?

TRANSFER BETWEEN FIRM & PARTNER :

Partner/member Transfer Cap Asset (as a capital contribution ) - Firm/AOP/BOI -  Sec 45(3)

Than Taxable in the hands of partner

FVOC= Amount credited in Partner/Member's Capital A/c

यदि भागीदार संपत्ति को फर्म/एओपी/बीओआई को पूंजी योगदान के रूप में स्थानांतरित करता है तो उस पर कैसे कर लगाया जाता है?

If Firm/AOP/BOI Transfer assets to partner than how it is taxed ?

Firm/AOP/BOI Transfer Cap Asset(Stock in Trade) to Partner/Member

Taxable in the hands of firm- :

a)     Sec 9B - Dissolution or Reconstitution (Cap Asset or SIT)

b)    Sec 45(4)- Reconstitution

Note: In case of Reconstitution, both sections are applicable section 9B & 45(4)

 Where a partner receives an Dissolution/Reconstitution :

a)    Capital Asset

b)    Stock in Trade

Than

Taxability in the hands of firm :

a)    Capital Gains : Taxable in the year in which partner, member receives Cap Assets.

b)    PGBP : Taxable in the year in which partner, member receives Such Stock

FVOC/Value at which it is Taxable : - Fair market value on the date of receipt by partner

यदि फर्म/एओपी/बीओआई संपत्ति को भागीदार को हस्तांतरित करते हैं तो उस पर कैसे कर लगाया जाता है?

How a person save tax if he have capital gain on shifting of Industrial unit ?

section 54 G - Method 1 : Shifting to rural area

1. Any Person is Eligible Assessee
2. Shifting Industrial Unit Activity
3. Shift from Urban Area to Rural Area L&B/ Pl&M  Assets Transferred and purchased

Time limit :  Date of Transfer 1 year before and  3 years After

Exemption Amount : Capital Gains OR Amount Invested w.e. is lower

Lock in period- : 3 Year If transferred within 3 years than Exemption will be withdraw than Cost of Acquisition of New Asset - Exemption Amount

Section 54GA - Method 2 : Shifting to sez 

1. Any Person is Eligible Assessee
2. Shifting Industrial Unit Activity
3.  Urban Area to SEZ L&B/ Pl&M  Assets Transferred and purchased

Time limit :  Date of Transfer 1 year before and  3 years After

Exemption Amount : Capital Gains OR Amount Invested w.e. is lower

Lock in period- : 3 Year If transferred within 3 years than Exemption will be withdraw than Cost of Acquisition of New Asset - Exemption Amount

औद्योगिक इकाई के स्थानांतरण पर पूंजीगत लाभ होने पर व्यक्ति कर कैसे बचाता है?

Which New Pl&M does not include in Exemption of section 54 ?

1. 2nd Hand Pl&M
2. Pl&M installed in office or residence
3. Computer & Computer software
4. Any Vehicle
5. Any Pl&M whose 100% deduction is allowed in PGBP

कौन सा नया पीएलएंडएम धारा 54 की छूट में शामिल नहीं है?

How a person save tax if he have capital gain on shifting of Urban agriculture land ?

Sec 54B

 Individual  HUF /  Transfers  Urban Agri land  used to 2 years than purchases within 2 year Agri land Rural or Urban

Exemption Amount:  Capital Gain or Amt Invested w.e. is lower

Lock in period -:   3 years

शहरी कृषि भूमि के स्थानांतरण पर पूंजीगत लाभ होने पर कोई व्यक्ति कर कैसे बचाता है?

How a person save tax if he have capital gain on shifting of Compulsory Acq. of Land & Building of Industrial undertaking ?

Sec 54D

Any person  On Compulsory Acq. of L&B of Industrial undertaking used for 2 years purchases within 3 years L&B for Industrial Unit

Exemption Amount:  Capital Gain or Amt Invested w.e. is lower

Lock in period- 3 years

अनिवार्य Acq के स्थानांतरण पर पूंजीगत लाभ होने पर कोई व्यक्ति कर कैसे बचाता है। औद्योगिक उपक्रम की भूमि और भवन का?

What is the Capital Gains Account Scheme ?

For all the sections except 54EC is  If Investment is not made before due date of ROI Then amount shall be deposited in Capital Gains Account Scheme in a Bank before due date of 139(1) for claiming exemption

पूंजीगत लाभ खाता योजना क्या है?

54ईसी को छोड़कर सभी वर्गों के लिए यदि आरओआई की देय तिथि से पहले निवेश नहीं किया जाता है तो छूट का दावा करने के लिए 139(1) की देय तिथि से पहले बैंक में पूंजीगत लाभ खाता योजना में राशि जमा की जाएगी।

Which Transactions not regarded as Transfer in Income Tax act. ?

1.     47(i) Any distribution on the total or partial partition of a HUF

2.     47(iii) Any transfer under a gift or will or an irrevocable trust

3.     47(iv) Any transfer by a company to its subsidiary company

4.     47(v) Any transfer by a subsidiary company to the holding company

5.     47(vi) Any transfer by the amalgamating company to the amalgamated company, in a scheme of amalgamation

6.     47(via) Any transfer by the amalgamating foreign companyto the amalgamated foreign company, in a scheme of amalgamation of two foreign companies.

7.     47(viaa) Any transfer by a banking company to banking institution, in a scheme of amalgamation of the banking company with the banking institution, sanctioned and brought into force by the Central Government under section 45(7) of the Banking Regulation Act, 1949.

8.     47(viab) Any transfer by the amalgamating foreign companyto the amalgamated foreign company, in a scheme of amalgamation of two foreign companies.

9.     47(vib) Any transfer, in a demerger, by the demerged company to the resulting company

10. 47(vic) Any transfer by the demerged foreign company to the resulting foreign company, in a scheme of demerger of a foreign company.

11. 47(vica) Any transfer by the predecessor co-operative bank to the successor cooperative bank or to the converted banking company, in a business reorganization of co- operative bank.

12. 47(vicb) Any transfer by a shareholder of predecessor co-operative bank, in a business reorganization.

13. 47(vicc) Any transfer by the demerged foreign company to the resulting foreign company, in a scheme of demerger of a foreign company.

14. 47(vid) Any transfer or issue of shares by the resulting company, in a scheme of demerger to the shareholders of the demerged company.

15. 47(vii) Any transfer by a shareholder of amalgamating company, in a scheme of amalgamation of companies.

16. 47(viia) Any transfer by a non- resident to another non- resident outside India.

17. 47(viiaa) Any transfer, made outside India, by a non-resident to another non-resident.

18. 47(viiab) Any transfer of specified capital assets by a non- resident on a recognised stock exchange located in any International Financial Services Centre (IFSC)

19. 47(viiac) Any transfer, in a relocation, of a capital asset by the original fund to the resulting fund

20. 47(viiad)Any transfer by a shareholder or unit holder or interest holder of original fund, in a relocation of fund.

21. 47(viiae) Any transfer by India Infrastructure Finance Company Limited to an institution established for financing the infrastructure and development.

22. 47(viiaf ) Any transfer by a public sector company to another public sector company notified by the Central Government for this purpose or to the Central Government or to a State Government.

23. 47(viib) Any transfer of a capital asset made outside India by a non- resident to another non- resident.

24. 47(viic) Any transfer by way of redemption by an individual.

25. 47(ix) Any transfer to the Government or to a University or the National Museum, National Art Gallery, National Archives or any other public museum or institution notified by the Central Government to be of national importance or to be of renown throughout any State.

26. 47(x) Any transfer by way of conversion of bonds or deben- tures, debenture-stock or deposit certificates in any form, of a company into shares or debentures of that company.

27. 47(xa) Any transfer by way of conversion of bonds into shares or debentures of any company.

28. 47(xb) Any transfer by way of conversion of preference shares of a company into equity shares of that company.

29. 47(xii) Any transfer under a scheme prepared and sanctioned under section 18 of the Sick Industrial Companies (Special Provisions) Act, 1985, by a sick industrial company which is managed by its workers’ co- operative.

30. 47(xii)  a) Any transfer under a scheme prepared and sanctioned under section 18 of the Sick Industrial Companies (Special Provisions) Act, 1985, by a sick industrial company which is managed by its workers’ co- operative.

b) Transfer of a capital asset by AOP/ BOI to company consequent to demutualisation or corporatisation of a recognised stock exchange in India

31. 47(xiiia) Any transfer of a membership right by a member of recognised stock exchange in India for acquisition of shares and trading or clearing rights acquired by such member in that recognised stock exchange in accordance with a scheme for demutualisation or corporatisation approved by SEBI

32.  47(xiiib) -  a) Transfer of capital asset or intangible asset by private company or unlisted public company to LLP

b) - Transfer of shares held in the company by the shareholder as a result of conversion of the company into a LLP

33. 47(xiv) Transfer of capital asset or intangible asset by sole proprietary concern to a company on succession of the sole proprietary concern by the company

34. 47(xv) Any transfer in a scheme for lending of any securities under an agreement or arrangement which the assessee has entered into with the borrower of such securities and which is subject to the guidelines issued by SEBI or the RBI

35. 47(xvi) Transfer of capital asset under Reverse Mortgage

36. 47(xvii) Any transfer of a capital asset to a business trust

37. 47(xviii) Any transfer by a unit holder in the consolidating scheme of a mutual fund

38. 47(xix) Any transfer by a unit holder in the consolidating plan of a mutual fund scheme

किन लेन-देन को आयकर अधिनियम में स्थानांतरण के रूप में नहीं माना जाता है। ?

What type of income taxable under the head Income from other sources ?

1. Casual Income in the nature of winning from lotteries, crossword puzzles, races including horse races, card games and other games of any sort, gambling, betting etc. Such winnings are chargeable to tax at a flat rate of 30% under section 115BB.
2. Dividend received on Shares
3. Interest on bank deposits & loan given.
4. Royalty Income
5. Directors Sitting fees (if there is ER-EE relationship and receiving remuneration in terms of salary, then taxable under head of salary)
6. Agriculture Income if agriculture land located outside India.
7. Income from Subletting of house property.
8. Salary of MP/MLA/MLC taxable under head of IFOS because there is no ER-EE relationship.
9. Interest on Income Tax refund.
10. Income on Any investment made.
11. Amount received as family pension taxable under head IFOS.

Amount allowed as deduction u/s 57-

-         1/3rd of family pension, or

-        15,000 per annum.

-        whichever is Less

12.  Interest on compensation of compulsory acquisition of capital asset 50% deduction allowed u/s 57.
13. Taxability of Gifts u/s 56(2)(x) (Annexure-1)
14. Compensation or any other payment received in connection with termination of his employment u/s 56(2)(xi)

          Compensation received from :

a)    Employer head   is Taxable under  head of salary

b)    Others is Taxable under of IFOS

15.  If any closely held Company issues share to any resident shareholder On premium then- [ issue price of share - Fair market value of such shares ] shall be taxable in hands of company under IFOS. (Annexure-2)

अन्य स्त्रोतों से होने वाली आय के अंतर्गत किस प्रकार की आय पर कर लगता है?

Which Items that are taxable under the head Income from other sources only if not chargeable under head of Profits and gain form business and profession ?

1. Any sum received by an employer-assessee from his employees as contributions to any provident fund, superannuation fund or any other fund for the welfare of the employees.
2. Rent income from letting out of plants, machinery, furniture
3. Where letting out of buildings is inseparable from the letting out of machinery, plant or furniture, the income from such letting.
4. Interest on securities

कौन-सी मदें जो अन्य स्रोतों से आय शीर्षक के तहत करयोग्य हैं, यदि व्यापार और पेशे से लाभ और लाभ के शीर्ष के तहत प्रभार्य नहीं हैं?

How gift is taxable if received as money ?

The whole amount if the same exceeds Rs. 50,000.

धन के रूप में प्राप्त होने पर उपहार कैसे कर योग्य है?

पूरी राशि यदि वही रुपये से अधिक है। 50,000।

How gift is taxable if received as Movable property ?

a) Without consideration:  The aggregate Fair market value of the Property > 50,000

 b) Inadequate consideration: (Fair market value-Consideration)=if such difference is 50,000

चल संपत्ति के रूप में प्राप्त होने पर उपहार कैसे कर योग्य है?

How gift is taxable if received as Immovable property ?

a) Without consideration:  The Stamp duty value of the property

b) (a) (Stamp duty value-Consideration) per property is 50,000 and 10% of consideration

[Note- if (Stamp duty value-Consideration)is more than higher of 50,000 and 20% of consideration, 50,000 and 20% of consideration, in case the immovable property is a residential unit which is held as stock-in-trade by the seller and the transfer is during the period between 12.11.2020 and 30.6.2021 by way of first time allotment to the buyer and the consideration for transfer is 2 crores.]

अचल संपत्ति के रूप में प्राप्त होने पर उपहार कैसे कर योग्य है?

In which cases gifts are not taxable ?

1.     any sum of money or value of property received in the following circumstances would be outside the ambit of section 56(2)(x) -

a)    from any relative; or

b)    on the occasion of the marriage of the individual; or

c)    under a will/by way of inheritance; or

d)    in contemplation of death of the payer or donor, as the case may be; or

e)    from any local authority as defined in the Explanation to section 10(20); or

f)      from any fund/foundation/university/other educational institution/ hospital/other medical institution/any trust/institution referred to in section 10(23C); or

g)    from/by any trust/institution registered u/s 12A or 12AA or 12AB; or

h)    by any fund or trust or institution or any university or other educational institution or any hospital or other medical institution referred to in Section 10(23C)(iv)/(v)/ (vi)/(via).

i)      ) by way of transaction not regarded as transfer under section 47(i)/(iv)/(v)/(vi)/(via)/(viaa)/(vib)/(vic)/(vica)/(vicb)/(vid)/(vii)/(vii ac)/ (viiad)/(viiae)/(viiaf).

j)      from an individual by a trust created or established solely for the benefit of relative of the individual

k)    From such class of persons and subject to such conditions, as may be prescribed.

किन मामलों में उपहार कर योग्य नहीं हैं?

List down special cases where section 56(2)(x) is not applicable ?

Accordingly, CBDT has, vide Notification No. 40/2020, dated 29th 4.4 June, 2020, notified that the provisions of section 56(2)(x) would not be applicable to the following transactions –

1. Any movable property, being unquoted shares, of a company and its subsidiary and the subsidiary of such subsidiary Received by Shareholder Condition Where,

a)     the Tribunal, on an application moved by the Central Government under section 241 of the Companies Act, 2013, has suspended the Board of Directors of such company and has appointed new directors nominated by the Central Government under section 242 of the said Act; and

b)     share of company and its subsidiary and the subsidiary of such subsidiary has been received pursuant to a resolution plan approved by the Tribunal under sec-242 of the Companies Act, 2013 after affording a reasonable opportunity of being heard to the jurisdictional Principal Commissioner or Commissioner

2. Any movable property, being equity shares, of the reconstructed bank Received by Investor or investor bank (SBI)  Condition where the said share has been allotted by the reconstructed bank (Yes Bank) under the Yes Bank Limited Reconstruction Scheme, 2020 at 10 per share (Face value 2 per share; Premium 8 per share).
3. Any movable property, being equity shares, of the public sector company Received by a person Condition It should be received from the Central Government or any State Government under strategic disinvestment.
4. Amendment by FA 2022 w.e.f. AY 20-21 :  Section 56(2)(x) not applicable in the following cases; -

a)    an individual, from any person, in respect of any expenditure actually incurred by him on his medical treatment or treatment of any member of his family, for any illness related to COVID-19 subject to conditions notified by the Central Government. Accordingly, the Central Government has, vide Notification No. 91/2022 dated 5.8.2022, specified the following conditions -                                    The individual has to keep a record of the following documents, namely:-

i) the COVID-19 positive report of the individual or his family member, or medical report if clinically determined to be COVID-19 positive through investigations in a hospital or an in-patient facility by a treating physician for a person so admitted;

ii) all necessary documents of medical diagnosis or treatment of the individual or family member due to COVID-19 or illness related to COVID-19 suffered within 6 months from the date of being determined as a COVID-19 positive; The details of the amount so received in any financial year has to be furnished in Form No. 1 to the Income-tax Department within 9 months from the end of such financial year or 31.12.2022 whichever is later.

b)    a member of the family of a deceased person -

i) from the employer of the deceased person (without any limit); or

ii) from any other person or persons to the extent that such sum or aggregate of such sum more than 10 lakhs or what

where the cause of death of such person is illness related to COVID-19 and the payment is -

(i) received within 12 months from the date of death of such person; and

(ii) subject to such other conditions notified by the Central Government.

5. Accordingly, the Central Government has, vide Notification No. 92/2022 dated 5.8.2022, specified the following conditions -

1.     (i) the death of the individual should be within 6 months from the date of testing positive or from the date of being clinically determined as a COVID-19 case, for which any sum of money has been received by the member of the family;

(ii) the family member of the individual has to keep a record of the following documents,

(a) the COVID-19 positive report of the individual, or medical report if clinically determined to be COVID-19 positive through investigations in a hospital or an inpatient facility by a treating physician;

(b) a medical report or death certificate issued by a medical practitioner or a Government civil registration office, in which it is stated that death of the person is related to corona virus disease (COVID-19).

2.     The details of such amount received in any financial year has to be furnished in Form A to the Assessing Officer within 9 months from the end of such financial year or 31.12.2022 whichever is later.

Meaning of “Family” -

Family, in relation to an individual,

(i) the spouse and children of the individual; and

(ii) the parents, brothers and sisters of the individual or any of them, wholly or mainly dependent on the individual.

उन विशेष मामलों की सूची बनाएं जहां धारा 56(2)(x) लागू नहीं है?