Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 741–760
| Que. Id | Date | Description |
|---|---|---|
| 20851 |
Mar. 29 2022 |
E-invoicing for Exporters –
(GST)
Whether exporters are also required to male e-invoicing in case either they export on submission of LUT or on payment of IGST ? BY: Gaurav Kumar Baranwal No answers yet View Answers | Post Answers |
| 20849 |
Mar. 28 2022 |
082701 –
(DIRECT TAXES)
A Person has gone abroad on Study visa in Oct 2021 he will be resident in India during 2021-22. He has some income from abroad during 2021-22 and paid Tax there also. So While calculating,Tax payable in India Tax paid abroad will be deducted from tax payable in 2021-22 Whether there will be Any other formality to complete BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20850 |
Mar. 28 2022 |
082701 –
(DIRECT TAXES)
A Person has gone abroad on Study visa in Oct 2021 he will be resident in India during 2021-22. He has some income from abroad during 2021-22 and paid Tax there also. So While calculating,Tax payable in India Tax paid abroad will be deducted from tax payable in 2021-22 Whether there will be Any other formality to complete BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20848 |
Mar. 27 2022 |
082701 –
(DIRECT TAXES)
While filing belated ITR of a Coop Milk Society,Sec 80P deduction filling is not enabled. Whether it has to deposit Income tax on full income compulsorily to ensure return filing BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20846 |
Mar. 24 2022 |
Income Tax on merchant navy employees –
(DIRECT TAXES)
If a Merchant navy Employee remains more than 182 days outside India, his income for that period will be nontaxable in India Whether his status will be of Resident or NRI if his stay in India is up to 120 days. BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20847 |
Mar. 24 2022 |
Non-filing of ITRs and Tax Audit Reports –
(AUDIT)
One of our clients filed the ITRs and Tax Audit Report till the AY 2017-18, afterwards, there has been long gap since then as they have not conducted the audit as well as non-filing of Tax Audit and ITRs although, there were transactions during the FYs, 2017-18 to FY 2020-21. Average yearly turnover till FY 2016-17 was around Rs 2.10 crores. Under these circumstances, what will be the remedies available to get back his past accounts and compliances on the track? Kindly advise BY: Sujiban Ghosh No answers yet View Answers | Post Answers |
| 20844 |
Mar. 23 2022 |
GST Implications after amendment in exemption notification vide 16/2021 central tax (Rate) –
(GST)
Amendment vide Notification No.16/2021 and 15/2021-Central Tax (Rate) dated18th November 2021, amending previous Notification No.12/2017 and 11/2017-Central Tax(Rate), dated 28th June 2017 supply of Pure service to Govt, Local Authority, Govt Authority , Govt Entity are exempt. now Query: effect of amendments on the applicability of GST on pure service supplied to State Government ,Department of Public Health Engineering Directorate (PHED). Whether PHED is covered in the definition of Government Entity? BY: SUBHA DIP CHAKRABORTY No answers yet View Answers | Post Answers |
| 20845 |
Mar. 23 2022 |
FEMA purchase of agriculture land –
(INTERNATIONAL BUSINESS)
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 |
| 20843 |
Mar. 22 2022 |
GST Refund –
(GST)
A New Firm constituted in 2020-21 has made gst purchase of Yarn but not made any sale of finished product which is taxable at a lower rate during 2020-21.Can it claim GST refund for 2020-21 BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20842 |
Mar. 21 2022 |
TDS on Seminar Fees paid to foreign country –
(TDS/TCS)
We are making a Seminar Fees to an agency for online training of one of the employee held virtually. What is the rate of TDS applicable for the same. Agency do not have any permenent establishment in India and their registered address in USA BY: CA. BALASUBRAMANIAM P No answers yet View Answers | Post Answers |
| 20840 |
Mar. 17 2022 |
Branch in charge as a partner –
(MISC.)
I am from Rajkot and having FRN for my proprietorship firm. Now i want to join other CA firm as a partner and want to become branch incharge of office situated in other city i.e. other than Rajkot As per section 27, member who is in charge of branch as a partner need to reside or attend branch office for atleast 182 days in a year which is possible in our case. I want to confirm whether 1.) I can become branch incharge of office situated in other city ? and 2.) also have my own FRN as a proprieter simultaneously ? BY: SHIVANI ASHOKBHAI RAYJADA No answers yet View Answers | Post Answers |
| 20841 |
Mar. 17 2022 |
Impairment –
(DIRECT TAXES)
A company has impaired some of its Plant and Machinery as per applicable Accounting Standard. Such impaired amount (WDV of the asset as per books on that date) is written off as impaired as per profit and loss account. Is this impaired amount allowable as expenditure under Income Tax Act? Under Income Tax, the P & M Block continues with other assets as there are other plant and machineries. Let know if the impaired amount is allowable expenditure under IT Act. BY: CA. MAHESH KRISHNAN No answers yet View Answers | Post Answers |
| 20839 |
Mar. 15 2022 |
118411 –
(TDS/TCS)
We are importing machinery. We are required to pay freight charges for such Import. We are required to pay such charges to Resident in India private limited and after received from us, such private limited will reimburse to Non-resident company. on such payment, whether TDS is applicable or not. If applicable, under which section and at what rate? BY: KETAN SHETH No answers yet View Answers | Post Answers |
| 20837 |
Mar. 12 2022 |
BRANCH IN CHARGE AS A PARTNER –
(MISC.)
I had posted my Query as follows on 09th March, 2022 Currently I am holding COP and having FRN. Now I want to join another CA firm as partner. My Question is whether there is any restriction/condition that person holding FRN as a proprietor can't became branch in charge of other CA firm as partner? Can one CA be branch in charge of the office of CA firm as partner and simultaneously have FRN as proprietor? I want to add further comment on it however, link is not appearing In this regard I again want to confirm that there is no restriction on becoming BRANCH IN CHARGE OF OTHER FIRM AS A PARTNER in addition to having own FRN. The only issue will be that either of these firms will be eligible for empanelment Am I correct? BY: SHIVANI ASHOKBHAI RAYJADA No answers yet View Answers | Post Answers |
| 20838 |
Mar. 12 2022 |
Income Tax on Share Premium in the hands of a company –
(DIRECT TAXES)
What will be Tax Rate on Share Premium in the hands of a private limited company taken beyond FMV of shares ? BY: Gaurav Kumar Baranwal No answers yet View Answers | Post Answers |
| 20836 |
Mar. 10 2022 |
Expected Credit Loss –
(IFRS)
A company is giving loans against security. While making provision for receivables under IND AS 109 as per Expected Credit Loss model, whether the company can consider the security value and provide under ECL only on the unsecured portion? BY: balasubramanian No answers yet View Answers | Post Answers |
| 20835 |
Mar. 09 2022 |
Member In Charge of CA Firm –
(MISC.)
Currently I am holding COP and having FRN. Now I want to join another CA firm as partner. My Question is whether there is any restriction/condition that person holding FRN as a proprietor can't became branch in charge of other CA firm as partner ? Can one CA be branch in charge of the office of CA firm as partner and simultaneously have FRN as proprietor ? BY: SHIVANI ASHOKBHAI RAYJADA No answers yet View Answers | Post Answers |
| 20834 |
Mar. 03 2022 |
Incorporation of Partnership firm –
(MERGER & ACQUISITION)
I have been practicing as a proprietor for past 3 years and now i wanted to convert it to a partnership firm and also change the name of the firm, by doing this will i loose the 3 years seniority of the firm ??. Will i be alloted a new FRN or old FRN will continue for the reconstituted firm. BY: Abi Muthuraj No answers yet View Answers | Post Answers |
| 20833 |
Mar. 01 2022 |
Causal Vacancy in the Board of Directors –
(Companies Act, 2013)
Board can fill up Casual Vacancy caused in the Board of Directors. Whether such director will be regular director or additional director ? BY: Gaurav Kumar Baranwal No answers yet View Answers | Post Answers |
| 20832 |
Feb. 26 2022 |
NRI Taxation –
(DIRECT TAXES)
An Individual has gone abroad in 2019 and has not visited India during 2020-21 Previous Year. So he should be NRI in 2020-21 Previous Year. He is the Proprietor of A business Firm in India having small income around 200000- and Interest Income around 18000- Investment in Mutual fund is Rs 50000- appx Whether he can opt for Presumptive Taxation in India, File ITR 4 and claim deduction under 80 C and 80 TTA as allowed to Residents BY: Mahesh Kumar No answers yet View Answers | Post Answers |
