Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 341–360
| Que. Id | Date | Description |
|---|---|---|
| 21255 |
May. 15 2024 |
RECOVERING GST PAID AT HIGHER RATE –
(GST)
Dear Experts REG : RECOVERING GST PAID AT HIGHER RATE pl. share your valuable views and guidance Buyer - B was charged GST at 12% by Seller- S by mistake, while later on it is found that actually this product is with NIL rate of tax B paid off invoice and claimed ITC credit and S paid off GST collected to govt, now during GST audit of B - GST officer found ITC credit wrongly availed as there is NIL rate of tax and asked B to pay off GST for availing ineligible ITC credit of purchase of nil rated product and B has paid of the same demanded by govt now B trying to recover wrong charged GST from S, S is not willing to issue credit note, informing that matter is very old of FY 18-19 and they can not get back amount paid to govt under this circumstance can B apply for refund from Govt as he has paid undue tax as neither seller is liable to pay nor buyer is liable to pay any GST on nil rated product under "undue enrichment" to be refunded back to the payer/suffer, here to Buyer B BY: VIPUL JHAVERI No answers yet View Answers | Post Answers |
| 21253 |
May. 08 2024 |
082701 –
(GST)
Applied for GST cancellation on 26-4-24 wef 31-3-2024 Last GSTR 3B for march filed a couple of days back Also some interest is payable How should I pay Late fee and Interest BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21252 |
May. 06 2024 |
GST implications on music distributor –
(GST)
Dear Forum, I would like to inquire about the tax (gst) implications for a music distributor who publishes albums for musicians and receives music royalties on their behalf from platforms like Spotify, depositing them into their bank account before paying the royalties to the artists. Should these royalties be taxed under GST, or are they exempt? Additionally, who is responsible for paying this tax? BY: MUHAMMED AMEEN GUNAJE MOIDU HA No answers yet View Answers | Post Answers |
| 21250 |
Apr. 25 2024 |
082701 –
(INDIRECT TAXES)
A Firm wants to surrender GST registration wef 31-3-24 It is filing its GSTR 3B on 26 alongwith Taxes payable Can it pay Late fees as well as Interest @18% in this return as well as it does not want to carry return filing in 24-25 Fin Year BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21251 |
Apr. 25 2024 |
Problem faced due to Merger of CA Firms –
(CORPORATE & OTHER LAWS)
I was Practising As A Sole Proprietor till 09-Jan-2024. thereafter my firm was merged with another partnership firm from 10-Jan-2024 till now. My Sole Proprietorship was Appointed As 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, 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: ROSHAN CHHAGAN PAWAR No answers yet View Answers | Post Answers |
| 21249 |
Apr. 24 2024 |
CA can partner with another professionals. if already partner with any CA firm –
(MISC.)
Sir I am Partner with one of the ca firm and want to make LLP or Company with another professional like CS, Advocate, cost accountant for any other legal services. Sir want to know can I do this. And what's impacts in my existing CA firm. BY: shekhar nema No answers yet View Answers | Post Answers |
| 21248 |
Apr. 23 2024 |
Form 10 AB –
(DIRECT TAXES)
Section selected is 10(23c) instead of 12A. Form Application is not yet approved. Is there any way to withdraw application and file new with correct section BY: CA. CHAVAN TRUPTI GAJANAN No answers yet View Answers | Post Answers |
| 21247 |
Apr. 20 2024 |
TDS on payment to Google Singapore for G Suite services –
(DIRECT TAXES)
What should be rate of TDS on payment made to Google Singapore for Google workspace, Google suite services. Whether TDS will be applicable, if yes under section 195 or subject to equilisation levy BY: Ankit Jain No answers yet View Answers | Post Answers |
| 21246 |
Apr. 18 2024 |
082701 –
(GST)
For nonfiling of return/nonpayment of tax by supplier of goods If SCN is issued to asessee for excess input claim of input Whether interest and penality be imposed if the Excess claim in GST credit ledger is unutilised BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21245 |
Apr. 17 2024 |
Construction of building consideration for Occupancy right –
(Companies Act, 2013)
The Private Limited company is getting lease of land and development cum occupancy right for 30 years from trust. The trust will get building constructed by company (builder) as donation when completed and some fixed rental amount yearly basis for lease. The company (builder) will use such property for rental income for 30 years. How to give treatment of such donation in books of company ? Can we consider it as intangible asset (consideration for occupancy right)? Can we amortize it for 30 years? Please guide. Further, How to treat in books of accounts of trust. ? Thanks in Advance. BY: CA DHAVAL GHADIYALI No answers yet View Answers | Post Answers |
| 21244 |
Apr. 15 2024 |
Charitable & Religious Trust –
(DIRECT TAXES)
Form 10 under Rule 17(2) is required to be submitted electronically two months before the due date of return. Can you please guide as to what is the due date for making such eligible investments, i.e. by when the deposit/investment of the money referred to in clause (b) of sub section (2) of Section 11 of the IT Act is to be made. BY: Nilanjan Kayal No answers yet View Answers | Post Answers |
| 21242 |
Apr. 13 2024 |
082701 –
(DIRECT TAXES)
Can ITRU be filed with nominal tax under New Tax regime for Fin Year 2022-23 BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21243 |
Apr. 13 2024 |
Circle Rates Hyderabad as per 2001 –
(DIRECT TAXES)
Can anyone help me with finding cricle rates for Hyderabad as per 01 April 2001 for capital gains calculation? #Hyderabad #CircleRates #CA #ICAI #IncomeTax BY: CA Shrawan Suthar No answers yet View Answers | Post Answers |
| 21241 |
Apr. 11 2024 |
Capital Gain –
(Capital Gains)
“A” owns a site absolutely and the neighbouring site is owned by “B” absolutely. Both “A” and “B” give their sites for joint development to same builder. Under the advice of developer, the two sites are amalgamated so as to get more floor area. My query is whether any capital gain tax is attracted when two sites of “A” & “B” are amalgamated. This is because when sites are amalgamated, “A” gets 50% right in site owned by “B” previously and vice versa. Does it amount to exchange and capital gain tax is payable. Invite experts opinion on this. BY: Ethirajan No answers yet View Answers | Post Answers |
| 21239 |
Apr. 05 2024 |
082701 –
(GST)
During early months of GST implementation GST 3B was filled and submitted fror Aug 2018 When it was filed,System neither added Input in the Credit Ledger nor Output tax was deducted Hpwever Return was filed on Portal Assessse added the above unadjusted figs in GSTR 3B for Sep 18 Now a mismatch notice has come from donotreply@gst.gov.in for Aug 2018 and being asked to submit fresh GSTR 3B for Aug 18(they have reset Return) This will require resetting of Sep 18 return also but resetting has been done for Aug 18 only Whethert we will have to visit Department BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21240 |
Apr. 05 2024 |
GST on hostel services provided by educatinoal trust to its students –
(GST)
Is GST applicable on hostel services provided by educatinoal trust to its students @ 12% when hostel charges are less than Rs. 1,000/- per day per bed ?? Further can we consider imparting of education and hostel charges as composite supply or do we need to consider it as mixed supply ?? BY: VISHAL BABAN PANDIT No answers yet View Answers | Post Answers |
| 21238 |
Apr. 04 2024 |
MRL - Concurrent Audit –
(MISC.)
A CA firm is conducting Concurrent Audit of bank. Also firm is giving few certificate as part of concurrent audit. Firm asked MRL from Bank . However Bank is of opinion that MRL is not required in case of Concurrent Audit. So kindly guide whether CA form should obtain MRL from Bank. Also guide whehtehr is MRL required from Peer Review point of view. BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 21236 |
Apr. 03 2024 |
082701 –
(DIRECT TAXES)
Whether NRI having carried forward Loss under Income from House property adjust the same against Short Term capital gain from sale of House Property BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21237 |
Apr. 03 2024 |
45(4), 9B –
(DIRECT TAXES)
Fact of the case:- A partnership firm is to be reconstituted where one partner is retiring and one new partner is coming. The firm has some LAND acquired many years ago. At the time of reconstitution neither the land is revalued nor any part of the land is given to the retiring partner. The retiring partner is getiing only the closing capital balance and nothing else. Query- Whether section 45(4) and 9B are applicable in the above situation where no distribution of the LAND. If it is applicable then how the tax on deemed capital BY: dhanindra kumar surana No answers yet View Answers | Post Answers |
| 21235 |
Mar. 31 2024 |
082701 –
(DIRECT TAXES)
A prop firm has to pay Interest to a Super senior citizen around 499000- He does not have any other source of income Is Form 15G required to be obtained BY: Mahesh Kumar No answers yet View Answers | Post Answers |
