Sebi offers a way over FPI tax rule hurdle
You can add further comments to your query by clicking on "Add Comment".
This link will appear only, if you are logged-in with your user id and password. The same will appear as
"Querist Comment" on the Forum.
Click here to Post your Query >>5987 unanswered question(s) — Showing 921–940
| Que. Id | Date | Description |
|---|---|---|
| 20670 |
Jun. 06 2021 |
Export of Service Invoice Write off. –
(GST)
The company is providing export of software to USA. The company has exported services without payment of GST. 1. is the company need to pay IGST if it writes off the export of service invoice by way of credit note within 9 months? BY: SK No answers yet View Answers | Post Answers |
| 20669 |
Jun. 04 2021 |
DATE OF REGISTRATION WITH RBI –
(AUDIT)
We are PRACTING FIRM AT BENGALURU HAVING UCN NO 1016101AND REGISTRATION NO 018403S. The Date Of Registration With RBI Which Is A Mandatory Field In The Application For Empanelment For Concurrent Audit Of Bank. Kindly provide the same. BY: Ankita Jain No answers yet View Answers | Post Answers |
| 20668 |
Jun. 03 2021 |
Require date of registration of our Firm-002258S with RBI –
(MISC.)
Our firm Nagachandra and Associates with UCN 161376 having ICAI registration 002258S, require the date of registration with RBI which is a mandatory field in the application for empanelment for concurrent audit of bank. Kindly give this information immediately. BY: CA. SRINATH S No answers yet View Answers | Post Answers |
| 20663 |
Jun. 02 2021 |
CO-OPERATIVE EMPANALMENT –
(CORPORATE & OTHER LAWS)
I WANT TO REGISTER FOR CO-OPERATIVE AUDIT. PLEASE LET ME KNOW THE PROCESS TO REGISTER BY: SHIVAM SHRIKANT SANCHETI No answers yet View Answers | Post Answers |
| 20664 |
Jun. 02 2021 |
FTWZ Operations –
(MISC.)
Hi All, What is the objective of FTWZ operations? If foreign entity register with FTWZ in India to do business will it create Permenant Estabilishment in India? BY: CA. BALASUBRAMANIAM P No answers yet View Answers | Post Answers |
| 20665 |
Jun. 02 2021 |
GST –
(GST)
GSTR1 for JUly 2017 could not filed ( subsequent all GSTR1 ) filed. Due to this ( non filing of GSTR1), GSTR9 for 2017-18 and subsequent years could not filed. GST system is showing error''GSTR1 for July 2017 not filed ''. Kindly suggest what is the remedy available ? BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 20666 |
Jun. 02 2021 |
Rental income in a Partnership firm on properties owned by partners –
(Compliance)
There are 2 NRI's holding a piece of land and are willing to construct a residential/commercial complex with an intention to earn rental income. Construction is carried out partially with own funds and partially using a bank loan. As per RBI Master Direction on FDI... this activity is permitted as it is specifically excluded from definition of real estate. IS this interpretation correct ? Now they want to have a partnership firm wherein there will be 3 partners out of which 2 of them will be the NRI and 1 Person will be a Resident. The objective of the partnership firm shall be to receive the rental income on such constructed complex. The objective of firm shall be leasing of property. Questions : Can partnership firm receive rental income from the property owned by its partners? what are the other / better ways to execute this ? Citation of any section/circular/case law will be very much useful. Thanks a lot BY: SRIMANTH KULKARNI No answers yet View Answers | Post Answers |
| 20667 |
Jun. 02 2021 |
Capital Gains on JDA but before receipt of Completion certificate –
(Capital Gains)
A person X purchased a plot of land admeasuring 400 Sq yds on the following dates and registered rates: Plot no Date of purchase Size of the plot Consideration in sale deed (Rs.) Market value in sale deed (Rs.) 23/P 31.8.1988 200 sq. yards 15,000 25,000 24/P 29.9.1992 200 sq. yards 30,000 40,000 On 1 June 2019, X gifted this land to Wife (Y), Son (A) and Daughter (B) All of them joined together to develop this plot and build apartments through a developer. In return, the developer gave each of them a certain number of apartments as compensation for the plot of land. Apartments were given as per following 1. Y – 2 apartments 2. A – 2 apartments 3. B – 2 apartments All the flats received above are being sold in this year 2021-22 however they have not yet received the completion certificate. This also means that the assesees are not eligible for 45(5A) benefit. Can any expert answer the following issues ? Issues to be answered: Taxation in case of transfer of development rights wherein we need to answer the following: • Sale consideration of the Rights • Date of Transfer • Cost of Acquisition of the Rights • Indexation • Long term or short Term Taxation in case of transfer of developed flats wherein we need to answer the following: • Sale consideration of the Flats • Date of Transfer • Cost of Acquisition of the Flats • Indexation • Long term or short Term Avenues to save the capital gains: • Benefit under section 54 • Benefit under section 54F BY: SRIMANTH KULKARNI No answers yet View Answers | Post Answers |
| 20662 |
Jun. 01 2021 |
Change in name of CA firm –
(MERGER & ACQUISITION)
Hi All, My friend is A Chartered Accountant in practice as a Proprietor since last 3 years and he is having a trade name registered with ICAI. Recently I had joined him as a partner without changing the trade name registered with ICAI. My question is if we want to change the trade name now then whether our existing firm with old FRN will get continued or we will get new firm name with new FRN?? Whether my partners proprietorship experience of 3 years will get continued in new firm?? Whether the Experience will count for bank audit empanelment under Partnership Firm?? Kindly suggest me whether I should change my firm name or not? BY: HARESH CHANDRAKANT HARDIKAR No answers yet View Answers | Post Answers |
| 20661 |
May. 31 2021 |
CFSS FORM –
(CORPORATE & OTHER LAWS)
CFSS FORM Was introduced to file declaration w.r.t. delay in filing of various forms. During last year, there is extension of various due dates also for filing of annual compliances etc. Whether the form is to be filed for these also or only delayed filing of previous forms is only to be filed. BY: SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 20660 |
May. 28 2021 |
IEC Code –
(Customs & Excise)
A private limited company is engaged in the software of export of services. Invoices are being raised in Foreign currencies and remittance is reflected in bank statement from outside. At present, company has neither registered in customs department (IEC Code) nor in Software Technology Parks in India (STPI). Whether company is required to take either of the registration or in STPI. Please guide. BY: SAURABH GARG No answers yet View Answers | Post Answers |
| 20659 |
May. 26 2021 |
EXPORT OF SERVICE AND RECEIVING OF REMITTANCE –
(GST)
A Pvt. Ltd. Co. is creating websites and accounting systems for clients based in USA & Europe. These are treated as export of service. Company raised invoice on say 01-April-2020. Now the question is : (1) What is the maximum time limit to receive the sales proceeds in convertible foreign exchange?" so that the above Invoice can continue to be treated as export of service. (2) Is there any change in the time limit for receiving convertible foreign exchange? Thanks BY: SK No answers yet View Answers | Post Answers |
| 20658 |
May. 24 2021 |
067398 –
(DIRECT TAXES)
I have filed Form 10A for my clients having existing registration u/s 12A and 80G in the month of December 2020 and also mentioned the details in the respective ITR 7 for the AY 2020-21. But no communication received from the department till date. Shall I have to again file Form 10A after the amendment made in recent date? BY: CA. GHOSH SAMRAT No answers yet View Answers | Post Answers |
| 20655 |
May. 21 2021 |
GST refund on inverted duty structure –
(GST)
While Calculating GST Refund GST people are putting Adjusted sales value (Actual Sales-Sales of trading goods) Whether this is correct . In my opinion when goods traded are of same GST rate like Cloth/Shawl etc and Input is claimed at 5% and on Sales 5% GST is paid then why this adjustment is required as it reduces Refund value too much BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20656 |
May. 21 2021 |
HSN Code for Footwear having MRP less than 500 –
(GST)
Dear Professional Colleagues, What is the 4/6/8 digit code for footwear having MRP less than 500...2 digit code is 64 but digit code is not available. From April, 2021 onwards it is mandatory to quote at least 4 digit HSN code...what to do in this scenario?? BY: CA ROHIT GARG No answers yet View Answers | Post Answers |
| 20657 |
May. 21 2021 |
PROPRITORSHIP TO LLP –
(Compliance)
Hi All, I Am A Chartered Accountant who Started Practice In 2016 In Proprietorship Concern And Having Trade Name Registered Under ICAI. My Spouse Recently Qualified As CA In Nov 2020 Exams And We Want To Convert My Proprietorship Firm Into LLP With Changing The Trade Name As Registered In ICAI. My Question Is Whether Proprietorship Experience (5 Years) Is Continued In LLP ..?? Whether The Experience Will Count For Bank Audit Empanelment Under LLP..?? Whether Can I Proceed With This Conversion, Kindly Suggest Me. Thank You BY: Dinesh chandra ranka No answers yet View Answers | Post Answers |
| 20652 |
May. 20 2021 |
GST on Bill to Party outside India and shipto party within India –
(GST)
Company X a foreign company from USA ordered materials from Company P in India and Company X asking to bill materials in US Dollars on X with US address and ship the materials to Company Y in India. Is the above transaction is allowed under GST? if GST rate? Whether Company P can receive money from Company X in USD for the above mentioned transaction? BY: CA. BALASUBRAMANIAM P No answers yet View Answers | Post Answers |
| 20653 |
May. 20 2021 |
9418069988 –
(INTERNATIONAL BUSINESS)
THE KING SOLOMON POST OM SHANTI OM (LET THERE BE PEACE IN THIS WORLD) THIS IS SWISS/FRENCH/DUTCH/INDIAN/UNITED NATIONS/BRITISH INTERNATIONAL DISPATCH ISSUED FROM THE WORLD SECRETAROAAT/DESK OF LORD RAVINDER(RABBINDER) KUMAR SHARMA(THE ROYAL CROWN/RA-UNCODE(THE SUN GODD-THE SUPREME POWER-THE HEAD OF STATES-THE ALIEN KING from outer space)/REXMUNDI/:THE MASTER MASON CODE IS LAUSDEO THE HEAD SUPREME COUNCIL OF EU@UN(uk(/I.E F-IN/THE CHAIRMAN-UNESCO & WORLD BANK (IMF) FOR THE IMMEDIATE RELEASE OF FUNDS ILLEGALLY WITHHELD AND FROZEN FROM THE YEAR 2006 TO 2019-20 BY GOVT OF INDIA RESERVE BANK OF INDIA AND INDIAN BANKS NAMELY STATE BANK OF INDIA AC NO 20361132765 CENTRAL BANK OF INDIA AC NO 3235787384 NOW FROZEN PUNJAB NATIONAL BANK ACCOUNT NO 3383000500130237 AND 3383000100145213 AND OTHER INDIAN BANKS IN GROSS VOILATION OF FOREIGN EXCHANAGENE MANAGEMENT ACT 1999 AND ARTICLE 5 OF UNITED NATIONS UNIVERSAL DECELARATION OF HUMAN RIGHTS WHICH STATE THAT NO ONE SHALL BE SUBJECTED TO TORTURE WHETHER PHYSICALLY AND OR FINANICIALLY AND OR BOTH AND OR DEGRADED INHUMAN AND CRUEL TREATMENT TO WHICH I HAVE BEEN SUBJECTED TO FROM 2006 to 2019-20 BY GOVT OF INDIA RESERVE BANK OF INDIA AND INDIAN BANKS RESULTING IN MY ACCIDENT ON 14/10/2019 IN SHIMLA HP INDIA AS A SUV OVERRAN ME CRUSHING ME ALMOST TO DEATH BREAKING THE BONE OF MY LEG AND I BED RIDDEN AS A STEEL PLATE HAS BEEN PUT IN THE BROKEN BONE OF MY LEG ALL MY PAYMENTS FROM THE YEAR 2006 TO 2019-20 BE IMMEDIATELY RELEASED UNDER AN URGENT INTERNATIONAL PRIORITY A CODE ONE AND PAYMENT CODE 2AA OF UN PROTOCOL AND UNITED NATIONS (PRIVILEDGES AND IMMUNITIES) ACT 1947 WHICH IS APPLICABLE TO THE STAYE OF HIMACHAL IN THE UNION TERRIPTRY OF INDIA HOSANNAH FILIO DAVID HOSANNAH TO THE SON OF DAVID FRENCH(ARCADIAN)ROYAL LINE MESSAGE STARTS:- I AM THE FIRST BREEZE BLOWING IN THE DARK OCEAN OF ETERNITY. I AM THE FIRST SUNRISE. I AM THE FIRST GLIMMER OF LI BY: LORD RAVINDER KUMAR SHARMA THE No answers yet View Answers | Post Answers |
| 20654 |
May. 20 2021 |
GST refund –
(GST)
Under what circumstances GST Refund is not available on trading of textiles (Asessee is manufacturing as well as trading and is claiming refund under Inverted tax structure) Raw material is yarn attracting higher gst in comparison to output (Textiles) BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20650 |
May. 19 2021 |
COMPNY compliances for FY 2020-2021 –
(CORPORATE & OTHER LAWS)
what are the complianceS for FY 2020-2021 FOR PRIVATE COMPANY TURNOVER MORE THAN 50 CR TRADING ACTIVITY BY: Dinesh chandra ranka No answers yet View Answers | Post Answers |
