Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 261–280
| Que. Id | Date | Description |
|---|---|---|
| 21334 |
Sep. 07 2024 |
How to apply for specific permission under 190A –
(COUNCIL DECISION)
How to apply for specific permission under 190A BY: ANKIT BHANSALI No answers yet View Answers | Post Answers |
| 21335 |
Sep. 07 2024 |
CA Proprietorship Firm merge into partnership ca firm –
(MISC.)
My doubt is when ca proprietorship firm merge into partnership ca firm and proprietor ca become partner in partnership firm is number of this partner counted as CAG empanelment or other tender qualifying marks ?? BY: CA PRADEEP KUMAR YADAV No answers yet View Answers | Post Answers |
| 21332 |
Sep. 05 2024 |
Transfer of business & conversion of proprietorship to partnership –
(DIRECT TAXES)
Dear all, What will be the Capital Gain implications in case entire proprietorship business had been transferred to daughter after death of her father ?? Second question is that what will be the Capital Gain implications in case such daughter along with two other sisters constitutes partnership by way of discontinuance of proprietorship wef 01/01/2024 ?? BY: SUDIP KUMAR MUKHOPADHYAY No answers yet View Answers | Post Answers |
| 21330 |
Sep. 04 2024 |
Related party identification –
(AUDIT)
M/s PQR is an AOP ( Association of Persons) . Its members are M/s ABC Pvt ltd and M/s DEF (partnership firm ). So is M/s PQR and M/s ABC Pvt ltd related parties as per companies act . BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 21331 |
Sep. 04 2024 |
invest in share and mutual fund in CA LLP Name –
(COUNCIL DECISION)
Whether a CA Firm in Practice in LLP mode can invest in share and mutual fund in LLP Name BY: ANKIT BHANSALI No answers yet View Answers | Post Answers |
| 21328 |
Sep. 03 2024 |
Related party identification –
(AUDIT)
M/s PQR is an AOP ( Association of Persons) . Its members are M/s ABC Pvt ltd and M/s DEF (partnership firm ). So is M/s PQR and M/s ABC Pvt ltd related parties as per companies act . BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 21329 |
Sep. 03 2024 |
026801 –
(AUDIT)
A government body has appointed me as Auditor of a Society. The term of the appointment states that the Auditor shall prepare Trial balance, Receipts and Payment Account and Balance Sheet apart from Audit . The Clause of Terms and Condition is " Audit by the Chartered Accountants shall include Value of Money Analysis, Economy Efficiency and Effectiveness. receipts and Payment Accounts , In come & Expenditure Account and Balance Sheet to be prepared and certified " Thou it is not clear whether the Auditor has to prepare the Final Account and Audit the same, the Auditee expects the Auditor to do so. Under such circumstances, can we accept the assignment or will it be against the professional ethics BY: Syed Sultan Mohideen No answers yet View Answers | Post Answers |
| 21327 |
Sep. 02 2024 |
063083 –
(GST)
Please clarify whether DMF (District Mineral Fund) contribution made by mining companies (at rate of 30% of royalty) over and above royalty payment being made while dispatching minerals from mines shall be subject to GST under RCM as per Sl no-5 of Notification 13/2017 Central Tax (Rates) or shall be exempted from GST as per notification 12/2017 as services being provided by Governmental authority. In this regard it may be noted that the DMFT (District Mineral Fund Trust) has now been clarified as a governmental authority as per CIRCULAR-206/18/2023-GST and it has been clarified that they are eligible for the same exemptions from GST as available to any other Governmental Authority. BY: CA. PRUSTY SIDHARTHA SHANKAR No answers yet View Answers | Post Answers |
| 21326 |
Sep. 01 2024 |
Financial statements of non corporate entities –
(MISC.)
Please let me know that whether it is mandatory to prepare financial statements of non corporate entities in new format from fy 23-24 or from fy 24-25, kindly clarify the interpretation of technical guide (June 22) and Guidance note ( Aug 23) on financial statements of non corporate entities BY: SHWETA JAIN No answers yet View Answers | Post Answers |
| 21325 |
Aug. 28 2024 |
GST on sale of distribution rights of pharmaceutical company –
(GST)
Distribution rights of pharmaceutical company sold to other for consideration. Whether GST is levied BY: CA ATUL TOSHNIWAL No answers yet View Answers | Post Answers |
| 21324 |
Aug. 27 2024 |
For Appointment and Resignation of Auditor in case merger of firm –
(Compliance)
I was Practicing As A partner in Partnership firm till 15-May-2024. thereafter my firm was merged with another partnership firm from 15-May-2024 till now. My Previous Partnership Firm was Appointed As An Auditor In Some Companies. My Query Is As A Result Of Merger, Do I Need To Resign In Those Companies By Filing Form ADT-3 And Appoint The Partnership Firm As Auditor By Filing Form ADT-1 Or I don't need to file ADT-3 For the F.Y. 2023-2024, Just informing board of Directors of companies is sufficient. I kindly request your guidance on this matter, as I have sought answers from various sources but have not received a satisfactory response. Is there any notification, guidance anything to support the view BY: SACHINDER GARG No answers yet View Answers | Post Answers |
| 21323 |
Aug. 25 2024 |
Capital gain on sale of shares alloted under promoter quota –
(Capital Gains)
Equity shares of public limited co alloted under promoter quota sold. How the capital gain will be computed BY: CA ATUL TOSHNIWAL No answers yet View Answers | Post Answers |
| 21322 |
Aug. 24 2024 |
082701 –
(AUDIT)
A cooperative society has furnished Audit note of Society Inspector( who does Statutory Auditor) and financial statements for Tax audit and tax audit report has been furnished.Now we find there is mistake in Profit and loss account. One entry around Rs 70000- has been entered twice Whether We should revise TAR altering the deduction amount under Sec 80P so that tax i\liability is nil or pay tax on Rs 70000- by adding back Rs 70000- BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21319 |
Aug. 21 2024 |
Doubts regarding payment of GST comensation cess on aerated water by restaurants –
(GST)
My client is doing restaurant service paying GST at 5% without claiming ITC. Is he liable to pay GST compensation cess on supply of aerated water in addition to this 5% GST. BY: VISAKH No answers yet View Answers | Post Answers |
| 21320 |
Aug. 21 2024 |
406847 –
(Companies Act, 2013)
I was Practicing As A partner in Partnership firm till 15-May-2024. thereafter my firm was merged with another partnership firm from 15-May-2024 till now. My Previous Partnership Firm was Appointed As An Auditor In Some Companies. My Query Is As A Result Of Merger, Do I Need To Resign In Those Companies By Filing Form ADT-3 And Appoint The Partnership Firm As Auditor By Filing Form ADT-1 Or I don't need to file ADT-3 For the F.Y. 2023-2024, Just informing board of Directors of companies is sufficient. I kindly request your guidance on this matter, as I have sought answers from various sources but have not received a satisfactory response. Is there any notification, guidance anything to support the view. BY: SACHINDER GARG No answers yet View Answers | Post Answers |
| 21321 |
Aug. 21 2024 |
UDIN Generation –
(AUDIT)
An audit report was issued on 1st August and subsequently the auditor issued another revised audit report on 5th August with changes in the wordings of the new audit report along with a new udin in 5th August since time limit to revoke the udin for 1st August has elapsed. How ever there was no changes in the figures of the FS on both the dates. Now will the new udin with revised audit report will overrule over the old udin as two udins were generated for the same set of FS? The assessee is a non corporate audit client and assessee is not liable to get its accounts audited under IT act or any other act and declares his income under 44AD(he voluntarily choose to get its accounts audited basically to apply for tenders) kindly guide whether any requirements to be followed BY: CA INDRANEEL BISWAS No answers yet View Answers | Post Answers |
| 21318 |
Aug. 20 2024 |
082701 –
(AUDIT)
While doing Tax Audit of a cooperative Society whose statutory Audit is done by Department of cooperatives through its Inspectors ,Inspector's name is to be filled in Form 3CA However in Express ITR software of KDK Software asks for CA Auditors particulars and ICAI membership etc What to do BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21317 |
Aug. 19 2024 |
063083 –
(TDS/TCS)
Please clarify if a company is required to revise its TDS return for 3rd quarter of FY-2324 to give effect to wrong tax deducted in respect of a vendor then within which timeline the unutilized amount of tax available in TDS challan can be utilised. BY: CA. PRUSTY SIDHARTHA SHANKAR No answers yet View Answers | Post Answers |
| 21316 |
Aug. 12 2024 |
LUT for New Address –
(GST)
Kindly guide for following, Client having Registered Office at A and having LUT for the address. Now he has shifted his registered address to B. Kindly advise, 1. Whether there any procedure to surrender LUT of old address (A) and Can client apply for new LUT for New Address (B) ? 2. Without surrendering, whether we need to apply for LUT for New Address (B) 3. Whether we can use old LUT only and there is procedure of change in Address from old (A) to New (B) Regards, CA Trupti BY: CA. CHAVAN TRUPTI GAJANAN No answers yet View Answers | Post Answers |
| 21315 |
Aug. 11 2024 |
082701 –
(DIRECT TAXES)
Can Presumptive taxation details be filled in ITR 3 leaving detailed Financial data filled otherwise if because of Capital gain this form is to be filled BY: Mahesh Kumar No answers yet View Answers | Post Answers |
