Sebi offers a way over FPI tax rule hurdle
You can add further comments to your query by clicking on "Add Comment".
This link will appear only, if you are logged-in with your user id and password. The same will appear as
"Querist Comment" on the Forum.
Click here to Post your Query >>5987 unanswered question(s) — Showing 301–320
| Que. Id | Date | Description |
|---|---|---|
| 21294 |
Jul. 12 2024 |
Intra day and F n O –
(Capital Gains)
What would be the turnover amount in case of intra-day share trading and in case of Future and Option trading BY: CA. SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21288 |
Jul. 11 2024 |
spouse TDS –
(DIRECT TAXES)
Deductor furnished all the payments and TDs on contracts under Husband PAN instead of part being dedcuted on Spouse income. Even payment is also made in her bank account. As deductor is showing inability in revision of TDS return and feedback in AIS statement can also be not confirmed, if submitted. In this circumstances, can we directly show under TDS column in ITR and claim it in Spouse ITR? BY: CA. SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21289 |
Jul. 11 2024 |
Valuation of House property –
(Capital Gains)
Assets purchased in AY 2014-15 and ITR filed at cost without taking valuation difference. Even ITD not raised any objection thereof. on sale of the same, what would be the cost of acquisition, actual price or valuation price as per the registered deed. Both value is mentioned in the deed. BY: CA. SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21290 |
Jul. 11 2024 |
Compensation received from Developer for Delay in Giving Possession of Flats to Land Owner –
(DIRECT TAXES)
One of the client has received amount of Rs.25,27,000 during FY 2023-24 towards compensation for Delay in Giving Possession of Flats to Land Owner towards his share of Flats as per Development Agreement. Developer has deducted TDS under sectoin 194I(b) from the said payment. Delay payment was for the period from FY 2019-20 till FY 2023-24. Whether the amount of Rs.25,27,000 is taxable? If Yes under which head? If No, under what section exemption can be claimed?.Please advise.. BY: CA Ravish Thakur No answers yet View Answers | Post Answers |
| 21291 |
Jul. 11 2024 |
Difference Between CA Practicing as Sole Practice and as Proprietor –
(MISC.)
While Filling up Form 18 there are two options a) Proprietor/ Partner and B) Sole Practice. What is the exact difference between Proprietorship and sole practice form of practice between the two ? And What Kind Of Function Which Can Performed By CA Practicing As a Proprietorship Can Not Be Performed By CA Practicing As Sole Proprietor And Vise Versa. BY: CA INDRANEEL BISWAS No answers yet View Answers | Post Answers |
| 21292 |
Jul. 11 2024 |
87A for winning from lotteries –
(DIRECT TAXES)
Whether 87A rebate is allowed for tax on winning from lotteries? BY: Sivaraman A.R. No answers yet View Answers | Post Answers |
| 21293 |
Jul. 11 2024 |
Taxability of Consideration received by a person who is not owner of the land from the developer tow –
(DIRECT TAXES)
A person having possession over a land since last 20 years. He is cultivating the land and produce rice crop out of it. He is not owner of the land. Now owner has entered into agreement to sale with a builder to transfer the said land. Builder paid consideration amount of ?60,00,000 to land owner and deducted TDS u/s 194IA. Builder also paid ?20,00,000 to the person holding possession over the land and deducted TDS u/s 194 IA. How Capital Gain will be attracted in this case? Who will get Indexation Benefit? Who will be eligible for exemption u/s 54B? Please advise. BY: CA Ravish Thakur No answers yet View Answers | Post Answers |
| 21287 |
Jul. 10 2024 |
CONVERSION OF CA SOLE PROPRITORSHIP INTO PARTNERSHIP –
(MISC.)
I am practicing as a sole proprietary firm , but now want to convert it into a partnership in firm . Will it affect the empanelment status.? Which year will be considered as the year of establishment- Year of starting the firm as a sole proprietary firm or the year in which the conversion has taken place? BY: INDUKALA VISWANATH No answers yet View Answers | Post Answers |
| 21283 |
Jul. 07 2024 |
bonus stripping in itr2 –
(Capital Gains)
in case of bonus stripping how and where is this to be shown in itr2 BY: KUSHAL HEGDE No answers yet View Answers | Post Answers |
| 21284 |
Jul. 07 2024 |
stcg on unlisted shares –
(Capital Gains)
in a case of sale of unlisted share of a salaried employee purchased unlisted shares and sold the shares in 3months from date of purchase i)it is a case of short term capital gains on sale of unlisted shares the party to whom the shares was sold has deducted tds as the sale is more than 50 lakhs sec 194(Q) is applicable and shown as sale of goods and it appears as business receipts in the AIS of the salaried employee how is the correction to be made and shown as sale of securities in the ais as the salaried employee is not a dealer in share 2 where in the ITR2 is short term capital gains on sale of unlisted shares to be shown ? BY: KUSHAL HEGDE No answers yet View Answers | Post Answers |
| 21285 |
Jul. 07 2024 |
082701 –
(AUDIT)
Sale 80 Lacs Net Profit 4 Lacs Less than 6% and 8 % Whether Tax Audit is required BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21286 |
Jul. 07 2024 |
Cancellation of GST Registration on voluntery basis –
(GST)
The client submitted application for cancellation of GST registration on 10 Oct 2020 on voluntery basis. No action from the department till 17 Jun 2024. on 18 Jun 2024 the department communicated an order confirming cancellation of registration w.e.f. 10 Oct 2020. In the mean time the client had issued 3 invoices with GST to his customers. Customers availed ITC. The client paid the GST so collected befiore due date. The client also claimed ITC on purchases for the period from 10 Oct 2020 to 18 Jun 2024. All returns were filed till March 2024. What are the consequences for ITC claimed by client and his customers. BY: CA. LONIKAR SHASHIKANT ACHYUTR No answers yet View Answers | Post Answers |
| 21282 |
Jul. 04 2024 |
TDS Receivable adjusted against demand –
(AUDIT)
One of my clients has demand related to previous years and dept is adjusting TDS receivable against demand. They have filed appeal against the matter and are still recording TDS receivable for previous year under assets. How to treat this from financial reporting perspective? What are recommended/ suggested disclosures or reporting steps for same. BY: AYUSH AGARWAL No answers yet View Answers | Post Answers |
| 21280 |
Jul. 03 2024 |
RULE 96A OF CGST RULE 2017 –
(GST)
During the departmental GST Audit it is observed that in case of export under LUT, the EGM filed date is later than 3 months from the export invoice date. Hence the department is invoking rule 96A and accordingly demanding Interest for the delayed period. Not only that, they are also invoking section 74, ready with rule 96A(1)(a), and demanding for the IGST on export. Is department justified in asking Interest and IGST for delay in filing EGM. Whether for the purpose of Rule 96A, whether EGM date is important or LEO date ( i.e. Let Export Order) date is important. Rule 96A does not say what is "export out of India". Request professional colleague to guide on this. Thanks for your efforts in advance. BY: Shridhar H No answers yet View Answers | Post Answers |
| 21281 |
Jul. 03 2024 |
ADT-1 in individual name, Firm formed later –
(MISC.)
Dear Sirs/Madam I had started my practice in own name and did not opt for any proprietorship firm. A client company has duly appointed me by filing ADT-1 for 5 years. Now I have formed and registered a sole proprietorship firm and got a separate FRN. Now my question is, for those cases where my appointment as auditor has been done in individual name, can I issue the audit report on behalf of the firm. ? What I think is that it is better to issue the remaining time period on the individual name only. Once the next renewal ADT-1 if filed, the firm can be appointed. Kindly share your thoughts on the same. Regards Manish BY: MANISH KUMAR TRIPATHI No answers yet View Answers | Post Answers |
| 21279 |
Jul. 01 2024 |
424100 –
(GST)
A PERSON GIVING SPRITUAL BLESSING TO FALLOWERS AND CHARGING FEES FROM THEM AND HE IS ALSO KNOWLEDGE OF VEDIC AND HOLISTIC SCIENCES AND ALSO AN AYURVEDIC DOCTOR BUT HIS MAIN SOURCE OF INCOME FROM BLESSING. PLEASE GUIDE ME WHETHER GST IS APPLICABLE AND WHAT IS THE CHARGEBALE RATE AND IF ANY ADVANCE RULING PLEASE PROVIDE BY: SHWETA JAIN No answers yet View Answers | Post Answers |
| 21278 |
Jun. 28 2024 |
44AB audit applicable? –
(DIRECT TAXES)
FY 22-23 - TO 80 lakhs. Profit 10%. Filed ITR4 FY 23-24 - TO 80 lakhs. Profit 10%. Ready to file with full PL and BS in ITR 3. Is Audit 44AB(e) applicable here? BY: Sivaraman A.R. No answers yet View Answers | Post Answers |
| 21277 |
Jun. 25 2024 |
Taxability of yearly membership fee received in cash –
(DIRECT TAXES)
In case of AOP, yearly maintenance is received from members in cash as and when required. These cash is deposited into AOP bank A/c. and cheques are issued for expenditure. Whether cash received is revenue receipt of AOP BY: ATUL MUKUNDLAL TOSHNIWAL No answers yet View Answers | Post Answers |
| 21275 |
Jun. 22 2024 |
Power of A.O. under Sec. 44AD –
(DIRECT TAXES)
one my client engaged in the business of developing and selling residential land during the year 2019-20 he sold land worth Rs40 Lacs but by virtue of sec 43CA the value came Rs 10500000 the asessee took Rs 10500000 as consideration resorted to Sec 44AD and filed the return taking the profit @ 8% but A.O. mentioning that profit in real state business used to be 20% assessed the income at 15%. without any evidence otherwise ,Is there any case law in support. BY: Rajesh Chandra Sharma No answers yet View Answers | Post Answers |
| 21276 |
Jun. 22 2024 |
Sec.56 (2)(Vii) –
(Income from Other Sources)
"Agriculture Land In Rural Area" is covered in "Immovable property" for the purpose of Sec 56 (2)(Vii) or not BY: Rajesh Chandra Sharma No answers yet View Answers | Post Answers |
