Sebi offers a way over FPI tax rule hurdle
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| Que. Id | Date | Description |
|---|---|---|
| 21373 |
Dec. 26 2024 |
income-tax portal –
(DIRECT TAXES)
How to remove an existing Director from a private limited company in Income-tax portal, (in continuation to query ID 44766) . Profile page does not allow the same, any possible solution. BY: CA. SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21374 |
Dec. 26 2024 |
GST –
(GST)
assessee has taken gst credit in gstr 3b but by mistake not taken entry in audited books of account can assessee claimed credit BY: Amit No answers yet View Answers | Post Answers |
| 21372 |
Dec. 25 2024 |
income-tax portal –
(DIRECT TAXES)
How to remove an existing Director from a private limited company BY: CA. SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21369 |
Dec. 24 2024 |
Turnover of GSTR 1 is higher than GSTR 3B –
(GST)
Dear all, GST dept has sent notice regarding mismatch of turnover shown in GSTR 1 and that of shown in GSTR 3B resulting in demand of additional tax and interest. Turnover shown in GSTR 3B had been considered in GSTR 9 & 9C,properly reflected in 26AS /TIS and considered while submitting 3CB & 3CD. Concerned GST officer is reluctant to consider all these things.He is demanding additional tax on differential amount with interest. Please guide,how to go about it ?? BY: SUDIP KUMAR MUKHOPADHYAY No answers yet View Answers | Post Answers |
| 21370 |
Dec. 24 2024 |
EMPLOYMENT & PRACTICE –
(OTHER BODIES)
If a company wants me to appoint as CFO, in what ways I can continue my practice experience with or without signing. Please provide the needful solution asap. BY: ABHAY CHOPRA No answers yet View Answers | Post Answers |
| 21371 |
Dec. 24 2024 |
GSTR 9 –
(GST)
An invoice was wrongly reported by the party in GSTR-1 of March 2024. As a result, in my GSTR 2B for March 2024 this extra invoice was featuring. In line with Circular 170 reporting, I availed the credit and simultaneously reversed it in table 4(B)(2) so that the credit is not coming in my GSTR 3B. Subsequently, the invoice was amended in April 2024. In GSTR 3B of April 24, I reclaimed the credit earlier reversed and the amendment done by counterparty ensured that net effect on ITC became NIL. Now how to disclose the claim and reversal of this extra invoice in GSTR 9 for FY 23-24 & FY 24-25 BY: RAHUL PARASRAMPURIA No answers yet View Answers | Post Answers |
| 21367 |
Dec. 18 2024 |
GSTR 9 AND GSTR 9C ISSUE –
(GST)
Negative difference in Table 8 of GSTR 9: 1. Due to ITC taken, but necessary invoice was never uploaded by supplier (finally reversed within due time) and 2. Due to ITC taken for previous year, duly reflected with stipulated time and reflected in GSTR 9 of PY. Difference in table 9 of 9C: 1. Due to outward supply of previous year duly amended in GSTR1 and GSTR3B of July next year and 2. Due to ITC taken, but necessary invoice was never uploaded by supplier (finally reversed within due time) as above. How to resolve or show the same BY: CA. SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21368 |
Dec. 18 2024 |
How to show sale proceeds of a property in GSTR 9 –
(GST)
In case of an assessee who is renting an immovable commercial property we show rent of property in gst 1 and gst 3 and pay gst on rent . But if in an year if that property is sold after receiving oc than gst is not applicable on it..will sale proceeds of property be shown in GSTR 9 as no supply turnover or is it not required to show sale proceeds of property in GSTR 9 as it is a capital gain BY: NISHANT NARANG No answers yet View Answers | Post Answers |
| 21365 |
Dec. 16 2024 |
Land Lease Charges –
(DIRECT TAXES)
Whether land lease charges paid upfront for future period (say, for next 50 years) allowable under IT Act over the same period? BY: balasubramanian No answers yet View Answers | Post Answers |
| 21366 |
Dec. 16 2024 |
OCI Holder are partners and holding 99% –
(MISC.)
A partnership firm floated with 3 partners out of which 2 partners are Overseas Citizen of India and both of them contributed 99% of capital and profit sharing also 99%. Please clarify whether OCI can float partnership firm and contribute 99% capital and what are the compliances to be made BY: E VARALAKSHMI No answers yet View Answers | Post Answers |
| 21364 |
Dec. 12 2024 |
Code of ethics –
(MISC.)
Queries related to Code of ethics 1.Is it mandatory to use common logo of CA. There are many firms which does not use common CA logo. However they write their firm name with some different symbol ( like Star or Box or upward arrow) or colour or design. Is this correct. 2. Can we use Common CA logo and Firm name with some different symbol ( like Star or Box or upward arrow) or colour or design. 3. Is there any restriction or Guidelines for writing name of firm. Whether related to style,design, colour, etc ? 4.Can write name of firm uniquely or some other colour background or some symbol/Designs etc. 5.Can we mention QR code on Signboard and Letterhead. ? 6.Can we display name of services in our office premises 7. On Linekdin , Can we prepare separate profile of Firm . Is there any guidelines for Firm Profile . Can we show Linkedin symbol in visiting card 8.Can we mention minimum recommended fees of ICAI on our website BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 21363 |
Dec. 09 2024 |
Section 80JJAA –
(DIRECT TAXES)
For claiming deduction under section 80JJAA, whether contract labourers are to be considered. Due to contract workers, the head count at the end of the year increases compared with that at the beginning of the year. BY: balasubramanian No answers yet View Answers | Post Answers |
| 21362 |
Dec. 04 2024 |
Clarification on Reporting Advance Payments for Under-Construction Foreign Property in Schedule FA o –
(DIRECT TAXES)
Considering the property is under construction and the title has not yet been registered in the taxpayer's name, should the advance payment be disclosed under the "Details of Immovable Property" section of Schedule FA? BY: CA. KHURANA PANKAJ No answers yet View Answers | Post Answers |
| 21360 |
Dec. 03 2024 |
Order Passed u/s 147 without giving prepaid tax and TDS credit –
(DIRECT TAXES)
In faceless assessment of reopening case order u/s147 was passed but by mistake the credit is not given for Prepaid taxes and TDS so what is the remedy . As only filing of appeal is the only option ? BY: CA. HEMANG KISHORBHAI AMBANI No answers yet View Answers | Post Answers |
| 21361 |
Dec. 03 2024 |
How to take benefit of sec16(6) –
(GST)
In this case 2020-21 notice is issued DRC-01 History - Sept-2020 to Mar-2021 return was filed on 10.01.2022 ( as number was cancelled and appeal was filed and then after restore all pending return were filed ) so all ITC claimed in this period is disallowed . The notice is issued before sec 16(6) is enacted. Here query is The appeal order was passed on 24.11.2021 with condition to file all pending returns within 5 days. But to file return GST portal need to give access technically restore of GST Number. So, Ghatak given restore effect on 05.01.2022 and we file all pending returns before 10.01.2022 So my question here is that genuinely 30 days as per sec 16(6) shall be counted from activation of GST number on portal . But we don't have any evidence ( GST REG 20,) which proves our genuineness. No restore order available online. So any solution to this query pls BY: CA. HEMANG KISHORBHAI AMBANI No answers yet View Answers | Post Answers |
| 21359 |
Dec. 02 2024 |
IGST REVERSAL –
(GST)
IGST reversal due to CDNR was not effected in GSTR 3B as there was no IGST sale in the respective return, and GSTR 3B not consider it automatically in next month. Can manual reduction of liability be made in 3B BY: CA. SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21358 |
Nov. 30 2024 |
082701 –
(MISC.)
Goods have been sent to Canada by Speed post (Indiapost)Bill has been given to Post office What is the next requirement to be fulfilled BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21356 |
Nov. 21 2024 |
082701 –
(GST)
If we have to sed goods abroad to close relative Can it be sent without issuing bill In case we send it from a business Firm whether we have to issue invoice as well as pay IGST BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21357 |
Nov. 21 2024 |
RCM ON RENT PAID TO GOVERNMENT –
(GST)
AS PER NOTIFICATION NO 03/2018 DATED 25.01.2018 GST ON REVERSE CHARGE BASIS TO BE PAID BY "Any person registered under the Central Goods and Services Tax Act, 2017" FOR "Services supplied by the Central Government, State Government, Union territory or local authority by way of renting of immovable property to a person registered under the Central Goods and Services Tax Act, 2017" and As per section 24 (iii) of CGST Act "person who are required to pay tax under reverse charge" is compulsory liable for registration. My query is if a person having turnover less than 10 lakhs and paying rent for commercial property to Government whether required to pay tax under reverse charge. On other way whether he is required to registered compulsorily under GST act to pay GST on reverse charge basis. BY: ABHISHEK MITTAL No answers yet View Answers | Post Answers |
| 21354 |
Nov. 18 2024 |
Rotation of Statutory auditors partnership firm –
(Companies Act, 2013)
Whether the same partner can sign the financials of a listed entity for the sixth to seventh year in a row for a firm of statutory auditors ? As SQC 1 explains that signing partner can be engagement partner for seven years in a row of a listed entity? Is there any preventive clause anywhere in Companies Act,2013 to prevent a signing partner to sign the financials for sixth year in a row.As companies act says 50% of audit team should be rotated .But silent about the signing partner. BY: DIXIT SHAILENDRA PREMSHANKAR No answers yet View Answers | Post Answers |
