Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 701–720
| Que. Id | Date | Description |
|---|---|---|
| 20891 |
May. 19 2022 |
PROCEDURE OF CLAIMING DEDUCTION 80IBA : Developing and Building Housing Projects –
(DIRECT TAXES)
PROCEDURE OF CLAIMING DEDUCTION 80IBA : Developing and Building Housing Projects Questions 1) Do we require any special FORM to be filled before filing the Income Tax Return ?? 2) Can the deduction can we claimed directly in the ITR 3) Can the Partners in a PartnershipFirm can claim the total profit deduction in the respective partners ITR?? 4) Does it require any formalities Please elaborate the process of claiming Deduction under Sec : 80IBA BY: GOVIND MUNDADA No answers yet View Answers | Post Answers |
| 20890 |
May. 18 2022 |
TDS ON PROPERTY PURCHASED –
(DIRECT TAXES)
THE PURCHASER AND SELLER BOTH ARE NON RESIDENT INDIANS WORKING ABROAD, TDS IS TO BE DEDUCTED ON PURCHASE OF HOUSE PROPERTY FROM THE SELLER WHO IS A NON RESIDENT. THE SALE CONSIDERATION IS MORE THAN ONE CRORE AND THE APPLICABLE TDS RATE IS 23.92%. WHILE FILLING UP CHALLAN 26QB ONCE THE STATUS OF THE SELLER IS PUT AS NON RESIDENT, THE FOLLOWING MESSAGE IS SHOWN AND NOT ALLOWING TO GO FURTHER "As Status of the Payee/Seller/Transferor is A Non-Resident, Form 26QB will not be applicable. The correct form to be used is Form 27Q" MY QUERY IS FORM 27Q IS THE QUATERLY RETURN WHICH HAS TO BE FILED EVERY QUATERLY, THEN FOR PAYMENT OF TDS WHICH CHALLAN IS TO BE USED. FURTHER WHEN THE SELLER IS A RESIDENT PAYMENT OF TDS IS THOUGH CHALLAN 26QB AND THE PURCHASER NEED NOT TO HAVE A TAN BUT WHEN THE SELLER IS A NON RESIDENT, THE PURCHASER HAVE TO FIRST OBTAIN TAN. PLEASE GUIDE.. BY: Anwar Iqbal No answers yet View Answers | Post Answers |
| 20889 |
May. 15 2022 |
Wrong PAN filled while updating UDIN –
(DIRECT TAXES)
By mistake wrong PAN was filled while updating UDIN on Income Tax Portal.Now it is showing consumed u8nder different PAN. Is there a solution ?THis UDIN was generated in Dec 21 BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20887 |
May. 12 2022 |
Filing of Form 10BD –
(DIRECT TAXES)
Sir, If a society having approval U/s 80G, is not having any donation during the F.Y. 2021-22, than do we need to file form 10BD ? BY: RAM KUMAR SARASWAT No answers yet View Answers | Post Answers |
| 20888 |
May. 12 2022 |
LLP SUPPLEMENTARY AGREEMENT STAMP DUTY IN MAHARASHTRA –
(MISC.)
HOW MUCH IS STAMP DUTY IN MAHARASHTRA ON LLP SUPPLEMENTARY AGREEMENT TO RECORD DEATH OF A PARTNER. NO NEW CAPITAL IS INTRODUCED. NO NEW PARTNER TO INTRIDUCE. THERE IS NO IMMOVABLE PROPERTY IN THE LLP BY: GALA ASHWIN M.. No answers yet View Answers | Post Answers |
| 20884 |
May. 11 2022 |
updation of UDIN –
(MISC.)
UDIN was generated for an individual assessee whose accounts are subject to tax audit under section 44AB . Subsequently the accounts were revised and the UDIN was revoked. New UDIN was generated and tax audit report was filed with the new UDIN. . New UDIN is updated successfully. The UDIN which is revoked cannot be updated. kindly advice BY: Anwar Iqbal No answers yet View Answers | Post Answers |
| 20885 |
May. 11 2022 |
FORM 10A AND 10AB –
(DIRECT TAXES)
KINDLY ENLIGHTEN THE DIFFERENCE BETWEEN THE ABOVE TWO FORMS. BY: Anwar Iqbal No answers yet View Answers | Post Answers |
| 20886 |
May. 11 2022 |
FORM FOR 80G APPROVAL –
(DIRECT TAXES)
WHICH FORM TO BE USED FOR APPLICATION FOR GETTING THE APPROVAL FOR FRESH AND RENEWAL OF 80G APPROVAL BY: Anwar Iqbal No answers yet View Answers | Post Answers |
| 20881 |
May. 10 2022 |
TDS CREDIT OF PROPERTY SOLD –
(Capital Gains)
The assessee entered into an agreement for sale of his residential house in Jan 2021. The buyer deducted the TDS and issued cheques but did not give the same to the assessee. The assessee expired in May 2021 due to COVID. As the sale deed was not executed upto 31.03.2021 TDS deducted was carried forward. The sale deed was executed by the legal heirs of the assessee and they received their share of consideration reduced by respective TDS.. How can they claim the TDS deducted by buyer in March 2021 in the name of their father. BY: CA SUDHIR KUMAR JAIN No answers yet View Answers | Post Answers |
| 20882 |
May. 10 2022 |
082701 –
(DIRECT TAXES)
While uploading UDIN on Income Tax Site, It is showing already consumed. How can I sort out. BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20883 |
May. 10 2022 |
public notice for property –
(MISC.)
Mr. A is the owner of the property. Mr died in 2016. Mr. A has two sons as legal heirs ( Mr X and Mr Y . Release deed is prepared between Mr. A and Mr. B . Mr A has renounced his share and transferred his share to Mr. B and now Mr. B is the sole owner of the property. Mr Y a purchaser weants to purchase the property from the Mr. B. Query is (1) Is Mr Y ( purchaser) required to confirm that is there any other legal owner apart from Mr A and Mr. B. . if yes, how he can confirm (2)Before purchasing, is Mr. Y (purchaser) required to publish in newspaper about this purchase BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 20879 |
May. 09 2022 |
Slump Sale / Biz Transfer agreeement - Stamp paper & registration fees –
(GST)
A business transfer agreement (also known as Slump sale Agreement) - For transfer of all assets and liabilities FROM a Sole Proprietorship TO a Partnership ON A GOING CONCERN BASIS (that is continuing running the business). The Sole Proprietorship business contains only Capital and Machinery of Just Rs 20 Lakhs. Nothing else. Question 1 - Whether this agreement is liable to pay stamp duty and registration fees? Question 2 - If yes, Under which Serial No of Indian Stamp Act. Question 3 - If What is the Stamp paper value and what is the registration fees in KERALA? BY: Sivaraman A.R. No answers yet View Answers | Post Answers |
| 20880 |
May. 09 2022 |
Section 54 deduciton –
(DIRECT TAXES)
An assessee has sold a house property and buying a new property to claim section 54 deduction. Can the new house be in joint name with his relative? BY: balasubramanian No answers yet View Answers | Post Answers |
| 20878 |
May. 06 2022 |
Conversion of Partnership Firm into Sole Proprietorship Firm –
(MISC.)
In the year 1997, Mr. Akash started practice with the sole proprietorship firm name "Agrawal Akash & Associates". In 2012, the sole proprietorship firm was converted into partnership firm by entering two new partners - Abhishek and Ankita. In 2017, Mr. Akash retired from partnership firm. Now, ankita want to retire from firm and Abhishek wants to continue the same firm name "Agrawal Akash & Associates" with same Firm Registration No. so that the experience of the firm can be considered everywhere. Ques. 1 Can Abhishek continue as proprietor of Sole Proprietorship Firm "Agrawal Akash & Associates" ? Ques. 2 Whether experience of the firm will be considered for Bank Audits? Thanks & Regards, BY: CA. ADARSH AGRAWAL No answers yet View Answers | Post Answers |
| 20877 |
May. 04 2022 |
Transfer of Machinery as a Going Concern without GST? –
(GST)
A PROP biz run by Mr.A from 2017 under compo sch (1%). Biz stopped on 30.04.22. Its balance sheet as on 30.04.22 is capital Rs 20 lakh & Machinery 20 Lakh (WDV). Nothing else. Another Partnership firm is formed parallel on Jan 22 (Partners Mr.A and his 2 Sons). Sales in FIRM started from 01.4.22. Actually FIRM is Continuing running the business of PROP. Can PROP transfer this machinery TO FIRM as a going concern without GST Liability? (While registering the FIRM, selected "Voluntary Basis") BY: Sivaraman A.R. No answers yet View Answers | Post Answers |
| 20875 |
May. 03 2022 |
082701 –
(DIRECT TAXES)
Form 15H submitted by a Senior Citizen could not be Efiled because of technical issue with Utility. This matter was reported to Efiling webmanager ,who had informed that matter has been escalated but solution was not provided. Whether it will create problem BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20876 |
May. 03 2022 |
Revised return –
(DIRECT TAXES)
How can we revised the return filed u/s 148 on IT portal there is no option reflecting today we file return in response to notice u/s 148 but whatsoever reasons the TDS claimed schedule filled as NIl whereas corresponding income is accounted in ITR how can we revise now BY: SANDEEP KAPOOR No answers yet View Answers | Post Answers |
| 20874 |
May. 01 2022 |
IPO EXPENDITURE –
(Companies Act, 2013)
HOW TO ACCOUNT IPO EXPENDITURE IN BOOKS OF ACCOUNTS AS PER IND AS? BY: NAVEEN K S No answers yet View Answers | Post Answers |
| 20872 |
Apr. 30 2022 |
Service tax on Lecture fee to autonomous body –
(Service Tax)
During FY 2015 16 an Individual (not on payroll) of providing Lecture to School of planning and Architecture (deemed university under Ministry of HRD) and obtained fee. My query is that whether Service Tax is require to charge or exempt if exempt under which notification or Rules BY: SANDEEP KAPOOR No answers yet View Answers | Post Answers |
| 20873 |
Apr. 30 2022 |
GST on arbitrator or DAAB Member –
(GST)
The assesee is an arbitrator and Member of Dispute Avoidance /Adjudication Board (DAAB Member) and gets monthly retainership (50%) from PSU and 50% from Contractor and further he also sometimes get to receive any award money depend on case to case basis whether GST is applicable on such arbitrator on forward basis or any other basis . Further what is the impact in GST return if he is already registered with another service too in GST BY: SANDEEP KAPOOR No answers yet View Answers | Post Answers |
