Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 841–860
| Que. Id | Date | Description |
|---|---|---|
| 20751 |
Sep. 16 2021 |
Is SOLE PROPRIETORSHIP FIRM not having one paid CA are ineligible for bank branch audit? –
(AUDIT)
I am already empanelled with RBI under category VI and allotted audit since last 2 years. But not other CA is associated with us .Are we eligible to get Bank Branch audit in future ? BY: ANUJ AGRAWAL No answers yet View Answers | Post Answers |
| 20748 |
Sep. 14 2021 |
Reverse Charge –
(GST)
Where to enter RCM amount in GSTR1 for inward supplies from unregistered supplier, so that same could auto-populate in GSTR 3B BY: SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 20749 |
Sep. 14 2021 |
ineligible credits –
(GST)
Ineligible credits are auto populated in gstr 3b. Whether the same is required to be taken ist, then reversal is to be made and finally again ineligible to be shown in GSTR 3B. Or its better to just show under ineligible head without claiming it first and then reversal. BY: SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 20747 |
Sep. 13 2021 |
Business Income or not ? –
(DIRECT TAXES)
A person is dealing in Sale & purchase of rural Agriculture Land. Suppose in a Year, he Purchase 4 times and sale it. Is it to be shown as business income or no where. ?? BY: Harish Kumar No answers yet View Answers | Post Answers |
| 20745 |
Sep. 11 2021 |
079710 –
(Capital Gains)
An Individual Sold his residential house in Feb 21 and he made Construction on old plot in 2018-19 to July 20 . can we claim exemption u/s. 54 for investment in construction as completed before One year of Sale . Pl advise with supporting evidences /case law if any BY: SANDEEP KAPOOR No answers yet View Answers | Post Answers |
| 20746 |
Sep. 11 2021 |
Set off –
(DIRECT TAXES)
as per IT rules, in the same assessment Business loss can be set off against any income except salary. in AY2020-21 we filled IT return where business loss set off against other sources income. lateron, intimation received they have disallowed this set off and raised demand. please advice whats to do? no option availble on portal to make rectification application for the same. BY: RAHUL jain No answers yet View Answers | Post Answers |
| 20743 |
Sep. 10 2021 |
079710 –
(Capital Gains)
An Individual Sold his Residential house in Feb 21 and made a construction of an old plot since 2018-19 to July 21 i.e construction complete before 1 year of Sale Can we claim Exemption u/s. 54 on capital gain earned on Sale of house . if yes pl. suggest some case law in support (if possible) BY: SANDEEP KAPOOR No answers yet View Answers | Post Answers |
| 20744 |
Sep. 10 2021 |
Rejection of eForm NDH-2 –
(Companies Act, 2013)
What steps will a company have to take if it's application in eForm NDH-2 gets rejected ? What would be the consequences and how can it be rectified ? BY: Gaurav Kumar Baranwal No answers yet View Answers | Post Answers |
| 20742 |
Sep. 09 2021 |
Ineligible under section 17(5) of CGST ACT, 2017 –
(GST)
ITC on bank charges/ processing fees, etc. for loan for vehicle's purchase is ineligible under section 17(5) of CGST ACT, 2017 or not? BY: Akshay Verma No answers yet View Answers | Post Answers |
| 20740 |
Sep. 08 2021 |
income tax on derivative income(future & Options) –
(DIRECT TAXES)
my client earned a profit of Rs 90 lakhs from Derivate section on a turnover of 210 lakhs (turnover arrived considering sum of positives and negatives in trade). whether this to be considered as speculative or normal business. if treated as normal business whether can we opt for presumptive taxation and arrive at a profit of 6% on 210 lakhs. BY: madhav rao No answers yet View Answers | Post Answers |
| 20741 |
Sep. 08 2021 |
NRI returning India and Interest income from NRE & FCNR –
(DIRECT TAXES)
An assesse who is a NRI returned to India during November 2019. His Stay in India during FY 2019-20 is less than 182 days hence qualify as NRI for FY 2019-20. During FY 2020-21 the status of assessee is Resident. He has also satisfied the conditions for RNOR for the previous year 2020-21. (As he was Non Resident for 9 Financial year out of 10 financial year preceding previous year (2020-21). The said assessee has Interest income from NRE and FCNR deposits during FY 2020-21. Kindly guide me with regard to the taxability or exemption available on such interest income earned from NRE and FCNR deposits for FY 2020-21. BY: Vignesh V Kamath No answers yet View Answers | Post Answers |
| 20739 |
Sep. 03 2021 |
Availabilitry of Tax Audit utilities –
(AUDIT)
Whether Tax Audit utilities eg 3CACD,3CBCD are available on New Income tax site BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20736 |
Sep. 01 2021 |
Whether conversion with change of name of proprietary to partnership loose experience gathered? –
(MISC.)
Proprietorship with 5 years of experience now get converted into partnership with change of name of firm. My question is whether new partnership firm count old experience? BY: RAJ KARSAN VAGJIYANI No answers yet View Answers | Post Answers |
| 20737 |
Sep. 01 2021 |
Profession Tax in Maharashtra –
(MISC.)
The Company is registered in Maharashtra and it has 4 directors. One director is residing in Maharashtra and obtained PTEC Number. Other 3 directors are residing in another state i.e. Gujarat. Our Query is that in the state of Maharashtra, is there the requirement to obtain PTEC number by these 3 directors who are not residing in the state of Maharashtra .? BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 20738 |
Sep. 01 2021 |
PTEC in the state of Maharashtra –
(MISC.)
The Partnership firm is in Maharashtra and it has 4 partners . One partner is residing in Maharashtra and obtained PTEC Number. Other 3 partners are residing in another state i.e. Gujarat. Our Queries are as under. 1. Do Partnership firm require to obtain PTEC Number 2. In the state of Maharashtra, is there the requirement to obtain PTEC number by these 3 partners who are not residing in the state of Maharashtra .? BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 20733 |
Aug. 31 2021 |
Gratuitous payment by Holding Co to Subsidiary employees –
(GST)
Dear All, Facts : Holding Co is based in UK Subsidiary is based in India. Due to Covid-19 holding co has resolved to pay certain amount to all employees all subsidiary and associates. No benefit / margin will be retained by subsidiary. E.g. 200 pounds recd by subsidiary & amount worth 200 pounds will be fully paid to employees of the subsidiary. Modus of payment: Subsidiary in India will pay the amount to its employees in India and this will be reimbursed by holding co along with all the employee related taxes borne by subsidiary, if any. Query: What shall be the tax treatment of amount received from holding co in the hands of subsidiary co.? If taxable - what is the service ? Who is the service provider? who is the recipient ? On what Value GST should be paid ? whether GST to be paid under RCM ? Thanking you in advance for your guidance. BY: CA MITUL MAHENDRA MEHTA No answers yet View Answers | Post Answers |
| 20734 |
Aug. 31 2021 |
Taxability in case of compulsory acquisition of the property –
(DIRECT TAXES)
Hello Everyone!!! What will be the taxability of compensation received by the members of the society from the society for compulsory acquisition of common area of society by the government? Here, the Government authority will provide compensation to society and then society will distribute to members? So, how members taxability would be computed? BY: Manisha No answers yet View Answers | Post Answers |
| 20735 |
Aug. 31 2021 |
CIT APPEAL ORDER –
(DIRECT TAXES)
WE HAVE RECEIVED ORDER PASSED BY CIT A UNDER FACELESS AND THESE ARE BEING PASSED WITHOUT CONSIDERING THE FACTS AND ISSUED RAISED BY APPELLANT. LIKE CPC PREOCESSED THE ITR WITH ADDITION BASED ON FORM 3CD FOR EPF CONTRIBUTION REPORTED WHICH IS ACTUALLY DEPOSITED WITHIN THE DUE DATE OF THE FUND AND IS REPORTED ACCORDING IN FORM 3CD. ASSESSED FILED THE APPEAL AND RAISED THE ISSUE THAT AS PER FORM 3CD TOTAL CONTRIBUTION IS REPORTED AND ONLY LATE DEPOSITED AMOUNT REQUIRED ADDTION AND NO THE WHOLE AMOUNT. APPELLANT SUBMITTED CHAALN AND EXTRACT OF FORM 3CD BUT THE CIT A DISMISSED THE APPEAL STATING THAT THE CONTRIBUTION IS LATE DEPOSIED AND CANNOT BE ALLOWED U/S 43B OR 139(1). THIS IS THE HEIGHT OF FACELESS APPEAL THAT SUCH A SMALL FACT IS NOT UNDERSTOOD. IF THIS IS THE APPROACH OBJECTIVES OF THE FACELESS SCHEME IS NOT SERVED AND IT IS COSTING HEAVILY TO THE TAXPAYERS. BY: SUNIL KUMAR AGARWAL No answers yet View Answers | Post Answers |
| 20732 |
Aug. 30 2021 |
Intra state transaction or interstate transaction –
(GST)
If Mr. A is residing in Maharashtra state and has GST registration in the state of Maharashtra. Mr . A has commercial building in another state i.e. Gujarat and this building is rented out to school for education activities. Our queries are as under. 1. Whether this transaction is exempt or taxable 2. If taxable then Mr. A can raise Tax invoice from the sate of Maharashtra and charge IGST or Mr. A needs to obtain separate registration in the state of Gujarat and charge CGST and SGST . BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 20731 |
Aug. 28 2021 |
GST - Registration –
(GST)
If Mr. A is residing in Maharashtra state and has GST registration in the state of Maharashtra. Mr . A has commercial building in another state i.e. Gujarat and this building is rented out to school for education activities. Our queries are as under. 1. Whether this transaction is exempt or taxable 2. If taxable then Mr. A can raise Tax invoice from the sate of Maharashtra and charge IGST or Mr. A needs to obtain separate registration in the state of Gujarat and charge CGST and SGST . We are thankful to you for your guidance. BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
