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Top 50 Questions UnAnswered Queries View Archive

5987 unanswered question(s) — Showing 521–540

Que. Id	Date	Description
21071	Apr. 12 2023	082701 – (DIRECT TAXES) A person is receiving Salary and interest from the same Proprietorship firm and total amount from Salary and interest exceeds Rs 250000- but total income is below Rs 5Lacs. Can he give form 15G for nondeduction of TDS BY: Mahesh Kumar No answers yet View Answers  |  Post Answers
21072	Apr. 12 2023	Filing of form 15G – (DIRECT TAXES) After login when we go for downloading 15G utility Financial year 2022-23.' It is not available' message appears.What to do. Further whether three few Forms received together can be uploaded? BY: Mahesh Kumar No answers yet View Answers  |  Post Answers
21068	Apr. 05 2023	Form 15CA & 15CB – (MISC.) Suppose we received Service Invoice of 100000 dollar and make payment of 70000 to foreign party after deducting TDS @30% (TDS rate is just for example) and also form 15CB issued for 70000. Now foreign party is not agreeing for the TDS amount and now we need to make further payment of 30000 (Payment of 70000 is already done) and TDS need to be deposit by grossing of the earlier and current payment. So please confirm how to issue form 15CB for this balance 30000 amount and also confirm is there any action required for the form 15CB which we already issued for 70000 amount in which we mentioned that grossing of TDS is not done? Foreign will not issue any further invoice and we need to make 30000 payment on this invoice only. BY: NAVEEN KUMAR AGARWAL No answers yet View Answers  |  Post Answers
21069	Apr. 05 2023	Form 15CA & 15CB – (DIRECT TAXES) Suppose we received Service Invoice of 100000 dollar and make payment of 70000 to foreign party after deducting TDS @30% (TDS rate is just for example) and also form 15CB issued for 70000. Now foreign party is not agreeing for the TDS amount and now we need to make further payment of 30000 (Payment of 70000 is already done) and TDS need to be deposit by grossing of the earlier and current payment. So please confirm how to issue form 15CB for this balance 30000 amount and also confirm is there any action required for the form 15CB which we already issued for 70000 amount in which we mentioned that grossing of TDS is not done? Foreign will not issue any further invoice and we need to make 30000 payment on this invoice only. BY: NAVEEN KUMAR AGARWAL No answers yet View Answers  |  Post Answers
21070	Apr. 05 2023	082701 – (GST) A firm is filing GST returns on quarterly basis. How can it change to monthly filing scheme. Further if it wants to furnish IFF on monthly basis and file GSTR3B on quarterly basis whether it can do the same within existing scheme of quarterly returns or has to request on portal. BY: Mahesh Kumar No answers yet View Answers  |  Post Answers
21067	Apr. 04 2023	PART TIME COP – (MISC.) I was holding full time COP and doing practice, now i have joined a company and have surrenderd my COP. Can i hold part time COP and resume my practise as Chartered Accountant ? BY: ASHISH KUMAR No answers yet View Answers  |  Post Answers
21065	Apr. 03 2023	Creating a logo for ca firm – (MISC.) Can a CA firm create a logo for it? Can it use in the name board any logo other than the CA logo? BY: Achuthan P No answers yet View Answers  |  Post Answers
21066	Apr. 03 2023	TDS on Sale of Immovable Property – (TDS/TCS) If there is joint seller of immovable property. But the consideration is to be paid to single seller, can we deposit TDS in Form 26QB in the name of that single seller only BY: ABHISHEK NALANGE No answers yet View Answers  |  Post Answers
21064	Apr. 02 2023	082701 – (GST) A regular taxpayer Service provider with turnover less than 50 Lacs wants to opt for Composition scheme for 2023-24 Financial year. Whether he should have applied up to 31-3-23. BY: Mahesh Kumar No answers yet View Answers  |  Post Answers
21062	Apr. 01 2023	433074 – (MISC.) Hi, I have two queries regarding Sign Board My first question is can we put our firm name on ACP board with acrylic letters. Second is whether the name of the firm is allowed to be written on the ACP board with paint. BY: RISHABH AGARWAL No answers yet View Answers  |  Post Answers
21063	Apr. 01 2023	Impact of GST in case of Land Owner's Share upon entering into Development Agreement – (GST) What will be the impact of GST on Land Owners Share when is land given to a Developer under a Developer Agreement and in consideration receives proportionate flats ? At what rate will GST be deposited on above transaction ? Please guide with reference. BY: Gaurav Kumar Baranwal No answers yet View Answers  |  Post Answers
21058	Mar. 29 2023	APPEAL AGAINST ORDER U/S 264 – (DIRECT TAXES) We have filed revision application under section 264 last year but it is rejected this Year by CIT. What will be next action whether should we go for WRIT PETITION or file an appeal in ITAT? Waiting for your Valuable suggestion Thanks in advance BY: HAYEDAR SALEEM SHAIKH No answers yet View Answers  |  Post Answers
21059	Mar. 29 2023	APPEAL AGAINST ORDER U/S 264 – (Compliance) We have filed revision application under section 264 last year but it is rejected this Year by CIT. What will be next action whether should we go for WRIT PETITION or file an appeal in ITAT? Waiting for your Valuable suggestion Thanks in advance BY: HAYEDAR SALEEM SHAIKH No answers yet View Answers  |  Post Answers
21060	Mar. 29 2023	Reduction in Statutory Bank branch Audit alottments – (AUDIT) As no of Bank branches to be audited have been drastically reduced and from 2023-24 it is up to Bank management to decide no of branches to be audited, A regular source of CA's income is being finished. Will it not be appropriate for PDC to take some proactive action .Small MSME firms even Proprietorship firms with rich experience also are not being considered for CAG/Other bank audits. They should be given assured minimum Audit work . There are enough Audit works available . Only equitable distribution is required. BY: Mahesh Kumar No answers yet View Answers  |  Post Answers
21061	Mar. 29 2023	SECTION 45(4) AND SECTION 9(B) OF THE INCOME TAX ACT 1961 – (DIRECT TAXES) In a partnership firm, there are 3 partners having share as under A-55, B-40 & C-5. The partnership firm is having an immovable property in its name as a godown which is used for its business and accordingly appeared in block of assets as per the provisions of income tax act 1961. Now on 1 apr 2023 there will be change in the constitution of the firm as under by admitting one new partner and accordingly the profit sharing ratio will be as under. Please note that the incoming partner is also bringing in Rs 20 lacs as his capital. The fare market value of the godown (immovable property) as on 01.04.2023 will be RS 30 lacs. The new profit ratio as under A-45, B- 35, C -5 & D-15. In the above situation over query is whether provisions of section 45(4) & provision of section 9 (b) of the income tax act 1961 whether applicable either one or both. Please clarify along with any case laws if available. BY: MAHADEO VIRUPAX WALI No answers yet View Answers  |  Post Answers
21057	Mar. 27 2023	ITC of FY 21-22 reversed in Sep`22 – (GST) One person had reversed excess ITC taken in FY 2021-22 [due to not uploaded in portal by suppliers] in sep `22.Now the issue is how to show this in FY 2022-23 ?? Will it affect purchase figure of FY 2021-22 which was already audited ?? BY: SUDIP KUMAR MUKHOPADHYAY No answers yet View Answers  |  Post Answers
21056	Mar. 25 2023	082701 – (DIRECT TAXES) A resident individual has interest income less than Rs 250000- but has income from business and total income is around 495000- After rebate u/87A Tax will be Nil Whether he can give Form 15G to deductor for nondeduction of TDS on interest BY: Mahesh Kumar No answers yet View Answers  |  Post Answers
21055	Mar. 23 2023	Categorization of transaction as deemed export – (GST) We are advance authorisation holders. During January 2019, we executed an export transaction on behalf of a third party advance license holder i.e. in the nature of third party exports. The said exported goods were procured by us from the said third party advance license holder on GST tax invoice and subsequently the goods were exported against advance authorisation license of the third party, thereby fulfilling the export obligation of third party. We had claimed refund of accumulated ITC on said export as per Rule 89(4) as the third party exporter had not claimed any refund. The said case has been picked up for assessment and the GST officials are categorizing the transaction as deemed export in line with Notification No. 48/2017 and are stating that refund has to be claimed as per Rule 89(4A). Given the above, my query is as follows: a) Are GST officials correct in categorising the above transaction as deemed export; b) In the event the above transactions are categorised as deemed export, can we claim refund of GST charged and paid on goods procured from third party exporter. BY: SHRADDHA S KAMATH No answers yet View Answers  |  Post Answers
21054	Mar. 21 2023	082701 – (GST) A registered Tenant is paying Rent on commercial Property Rs 50000-pm to Joint owners of a property both of whom are unregistered Whether registered tenant is liable to pay Reverse charge on GST @18% BY: Mahesh Kumar No answers yet View Answers  |  Post Answers
21052	Mar. 18 2023	Receipt of professional fees – (MISC.) I wish to Apply for Partial COP. After getting Partial COP, i will be earning Salary income from 1 firm and i will also be earning professional fees towards Consultancy. is this allowed ? in partial COP, i will not be carrying out any attest function. the professional fees will be strictly towards consultancy. BY: ROHIT SATYANARAYAN TAPADIYA No answers yet View Answers  |  Post Answers