Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 721–740
| Que. Id | Date | Description |
|---|---|---|
| 20871 |
Apr. 29 2022 |
MAT under Sec.115 JB –
(DIRECT TAXES)
As per sec.115JB, brought forward loss or unabsorbed depreciation whichever is less as per books to be deducted for arriving at adjusted book profits. Suppose a company has negative balance of profit and loss account carried in balance sheet but has general reserve created in earlier years, whether the two has to be netted off to arrive at brought forward loss or unabsorbed depreciation as per books? BY: balasubramanian No answers yet View Answers | Post Answers |
| 20868 |
Apr. 27 2022 |
Clarification regarding Taxability of service under Forward Charge or Reverse Charge –
(GST)
Recently a test Van for stamping of weighment bridge was hired from Indian Railway. Accordingly, the D.M.E.(0&F), E.Rly., Asansol intimated to pay the following amount towards hire charge of Test van: Particulars Amount in Rs Hire charge of Test Train 4,18,050 GST @ 5% 20,903 Total 4,38,953 The Clarification is being required regarding 1. Whether GST is Payable under Forward charge or Reverse charge for this service as per Sl. No. 5 of Notification No. 13/2017, Central Tax (Rates), dated 28.06.2017, services supplied by Railway (Central Government) to a business entity excluding renting of immovable property and transport of goods and passengers shall come under Reverse Charge Mechanism. So this being renting of movable property is covered under Entry 5 and hence RCM is applicable. BY: Ritesh Kumar No answers yet View Answers | Post Answers |
| 20869 |
Apr. 27 2022 |
Carry forward of House Property Loss –
(Income From House-Property)
Dear All, An assessee is owning 7 portions of a residential property. 1 is self occupied, 1 is vacant, and rest 5 are let out. Due to Interest cost, all properties were reported loss. Loss on Self Occupied Property is Rs 1.17 lacs, Loss on Vacant Property Rs 2.08 Lacs and loss on other 5 let out Properties Rs 5.11 lacs. In total, loss of Rs 8.37 lacs. The assessee set off Rs 2 lacs against income from other heads and C/fwd Rs 6.37 lacs. Whereas the department allowed C/fwd loss of Rs 5.11 lacs only. Please advise, if loss not set off on Self Occupied and Vacant Properties is allowed to be carried forward or not (i.e Rs 1.17 lacs +Rs 2.08 lacs - Rs 2 lacs = Rs 1.25 lacs). Thanks. BY: CA. VASUDEVAN P K No answers yet View Answers | Post Answers |
| 20870 |
Apr. 27 2022 |
082701 –
(DIRECT TAXES)
Efiling of Form 15H recd from a Senior Citizen on income Tax site portal is giving trouble. Offline filing is not working . In online option basic details file is being uploaded but while uploading Income detail file ,It gives the following message Line 2 : Invalid format for Section under which tax is deductible, Can anybody solve this puzzle BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20865 |
Apr. 25 2022 |
MCA Compliance –
(MISC.)
A Company is incorporated on 05.04.2022 with two directors. One director has filed DIR-11 on 16.04.2022. Bank account is not yet opened. Whether DIR-12 can be filed by company without filing INC-20A. Now Bank account can not be opened without consent of second director who already resigned. How company has to comply the statutory requirements. BY: Shobhit Bansal No answers yet View Answers | Post Answers |
| 20866 |
Apr. 25 2022 |
144183 –
(GST)
While computing GST on development right for agreements after march 2019, where rent is to be paid to existing shop owners as compensation for the period of construction, whether GST needs to be paid on the same? Whether the registered shop owners needs to collect GST from builder? Thank you BY: Nikhil Shendye No answers yet View Answers | Post Answers |
| 20867 |
Apr. 25 2022 |
144183 –
(TDS/TCS)
In the development/ redevelopment transactions, whether TDS u/s 194IC or under any other section shall be deducted and paid on the corpus amount, rent amount paid to owners for the period of construction, or any other consideration paid in the nature of compensation or reimbursement.? BY: Nikhil Shendye No answers yet View Answers | Post Answers |
| 20863 |
Apr. 24 2022 |
ITR revision for Financial year 2020-21 –
(DIRECT TAXES)
Can ITR for 2020-21 Fin Year be revised for increasing Taxable Income which was underreported. Further what will be penality etc BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20864 |
Apr. 24 2022 |
work contract service given to sez unit –
(GST)
WORK CONTRACT SERVICE GIVEN BY LOCAL CONTRACTOR TO SEZ UNIT. IS THIS SERVICE COVER UNDER ZERO RATED SUPPLY. IS WORK CONTRACTOR ELIGIBLE FOR REFUND RELATED TO INPUT TAX CREDIT. BY: AJITKUMAR L PATEL No answers yet View Answers | Post Answers |
| 20862 |
Apr. 23 2022 |
Procedure for conversion of a CA Proprietorship firm into a Partnership firm –
(MERGER & ACQUISITION)
Myself is a proprietorship concern and I Want to convert it into a partnership firm by adding 2 partners and to continue the same name and experience of my propritorship concern. Please help me regarding the procedure and required form to be filed to the ICAI BY: GRANDHI SARATH KUMAR No answers yet View Answers | Post Answers |
| 20859 |
Apr. 22 2022 |
Exemption u/s 54 –
(Capital Gains)
One property is in the same if husband & another one is in the name of wife, now if both the properties will be sold and if they purchase a new property in joint name, whether exemption u/s 54 from capital gain, is available or not. BY: Shobhit Bansal No answers yet View Answers | Post Answers |
| 20860 |
Apr. 22 2022 |
UDIN GENERTED FOR 3CB INSTEAD OF 3CA –
(MISC.)
UDIN was generated for form 3CB instead of 3CA and the updating of the same in Income-tax portal is not allowed by then. Now period of generation of UDIN is also limited to 60 days only, when updating was allowed in portal. How to resolve the issue for updating in ITD portal for such error in generation of UDIN. BY: SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 20861 |
Apr. 22 2022 |
Procedure for conversion of a CA Proprietorship firm into a Partnership firm –
(MERGER & ACQUISITION)
Myself is CA Propreitorship concern and I want to convert it into a partnership firm with the continuation of same name. Please help me regarding the conversion procedure and form required to be filed with the ICAI in the SSP Portal. BY: GRANDHI SARATH KUMAR No answers yet View Answers | Post Answers |
| 20858 |
Apr. 21 2022 |
UDIN –
(AUDIT)
FORM 3CA-3CB DATED 10-01-2022 FOR WHICH UDIN NOT GENERATED DUE MY SYSTEM DATA NOT AVAILABLE DUE VIRUS ISSUE . HOW CAN I REQUESTED ICAI TO FOR THIS ISSUE BECAUSE TIME LINE OF 60 DAYS ALREADY OVER ON DAY WHEN SYSTEM DATA AVAILABLE . PLEASE SUGGEST ANY WAY. THANKS IN ADVANCE. BY: bhavesh No answers yet View Answers | Post Answers |
| 20857 |
Apr. 15 2022 |
Conducting meetings in case of NRI Director and Shareholder –
(Companies Act, 2013)
How will a private company conduct board meetings and general meetings if one director and shareholder is Indian and another is NRI ? How will the minutes be maintained both in Companies Act 1956 and in 2013 ? BY: Gaurav Kumar Baranwal No answers yet View Answers | Post Answers |
| 20854 |
Apr. 09 2022 |
082701 –
(DIRECT TAXES)
An asessee has to file Form 15 H submitted by a Senior citizen for Interest Income around 495000- on 25-322. While uploading files of Basic details and Income It is showing errors How to Efile 15 H BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20855 |
Apr. 09 2022 |
082701 –
(AUDIT)
Updation of UDIN has been started but UDIN generated by us in Jan 22 are not being displayed. Further in one case it is not accepting UDIN generated and in another case it is displaying message "this udin has already been used for updation of another Form" How to fix this problem BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20856 |
Apr. 09 2022 |
082701 –
(AUDIT)
Updation of UDIN has been started but UDIN generated by us in Jan 22 are not being displayed. Further in one case it is not accepting UDIN generated and in another case it is displaying message "this udin has already been used for updation of another Form" How to fix this problem BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20852 |
Mar. 31 2022 |
FEMA –
(CORPORATE & OTHER LAWS)
whether an Indian pvt ltd company in which Resident indians share is 75% and NRIs shareholding is 25% can buy agriculture lands in india. thanks n regards BY: madhav rao No answers yet View Answers | Post Answers |
| 20853 |
Mar. 31 2022 |
082701 –
(DIRECT TAXES)
If a NRi is having rental and interest Income in India, Can he avail exemption under Chapter VI for PPF,Investment in tax saving schemes etc and deduction for Home Loan installment/interest paid on Housing loan etc BY: Mahesh Kumar No answers yet View Answers | Post Answers |
