Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 941–960
| Que. Id | Date | Description |
|---|---|---|
| 20651 |
May. 19 2021 |
HOW CAN I CHANGE MY PROPRIETORSHIP FIRM TO LLP WITH CHANGE NAME –
(OTHER BODIES)
I WANT TO CONVERT MY PROPRIETORSHIP FIRM TO LLP WITH A NAME CHANGE. MY QUESTIONS ARE 1. APPLY FOR NAME APPROVAL TO MCA FIRST OR ICAI 2. FULL PROCESS FOR IT BY: Dinesh chandra ranka No answers yet View Answers | Post Answers |
| 20649 |
May. 18 2021 |
Export of Service and receiving of remittance. –
(GST)
Dear Sir, 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 & regards BY: SK No answers yet View Answers | Post Answers |
| 20648 |
May. 16 2021 |
EXCISE DUTY ON BIRI –
(INDIRECT TAXES)
AT WHAT RATE EXCISE DUTY IS PAYABLE ON BIRI (BIDI)? BY: CA. SHAH DIWAKAR No answers yet View Answers | Post Answers |
| 20647 |
May. 15 2021 |
136281 –
(GST)
Dear All, Company A (Private Limited co) has register office (ROC) in Gujrat when it was formed in (2016) with one of the director and shareholder in Gujrat. The main business of company is to undertake works contract/service activity. In 2018 director/shareholder from Gujrat resigned and person in Maharashtra took the share and became director. Turnover for first 2 years was only ? 2 lacs. Thereafter company obtain GST registration in Maharashtra in 2018 and actual activity commenced. Company is regular in filling its GST return in Maharashtra. In Jan 2020 company applied to ROC to shifts its register office from Gujrat to Maharashtra. This application is still under process. Point to be noted is - 1. No employee is employed at Gujrat register office. 2. Both the directors/shareholders resides in Maharashtra where GST regn is obtained. 3. All work orders received from customers are in name of Maharashtra office. All the invoices raised by suppliers are on Maharashtra office address. in 2 years, olny one project executed in Gujrat. Other projects ere executed in Maharashtra 4. One can say that, register office is only for name sake and it was register in gujrat for convenience. (coz earlier one of the director was from Gujrat) My question - is it necessary for company to get itself register in Gujrat ?? According to me, it need not register in Gujrat as sales of services are rendered from Maharashtra and Gujrat is only register office (we can not even call it as fixed establishment) Thank you. BY: chetan jadhav No answers yet View Answers | Post Answers |
| 20644 |
May. 13 2021 |
TAXATATION OF CRYPTOCURRENCY IN CASE OF F&O –
(DIRECT TAXES)
Dear Members, I have a query regarding Trading of Future & Options in Cryptocurrency. As of now, no law or directions/ Circulars/ Notifications are issued by CBDT so in this case how we can treat the trading of F&O for taxation purpose and how we can determine the turnover for tax audit. Whether the same method of share F&O (derivatives) has been used for calculation of tax or some different method? Request you to all, please share your valuable knowledge in this regard. Regards CA Neha Gupta BY: CA Neha Gupta No answers yet View Answers | Post Answers |
| 20645 |
May. 13 2021 |
DEDUCTION UNDER SECTION-80DDB OF I.T. ACT, 1961 –
(DIRECT TAXES)
Dear Members, I have a query, whether Interstitial lung disease (ILD) are eligible for deduction under Sec-80DDB or not. I am trying to find out this disease in Rule-11DD but I am unable to find the exact name of disease. If anyone know about this, please comment. BY: CA Neha Gupta No answers yet View Answers | Post Answers |
| 20646 |
May. 13 2021 |
Income Tax Return - Defective Return Notice –
(DIRECT TAXES)
Dear Professionals, One of my friend's filed ITR for one of his clients, subsequently he got notice of defective return due to non-maintenance of books of accounts. In that return, Capital Gain income was wrongly calculated and interest income was also not disclosed. Now, in response to 139(9) notice, can we only fill full financials as the defect was due to this reason only OR we can also disclose interest income and correct capital gain income in response to said notice. If we change income, can ITR be again treated as invalid?? BY: CA ROHIT GARG No answers yet View Answers | Post Answers |
| 20643 |
May. 09 2021 |
ITR for Financial Year 2020-21 –
(DIRECT TAXES)
One Offline Utility has been released for financial year 2020-21 but it asks for importing Prefilled XML .When We go to import from Incometax site Asessment Year 2021-22 is not in the options list. Can we not file IT returns as now for Fin Year 2020-21 BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20642 |
May. 06 2021 |
Due date for issuing 143(2) notice –
(DIRECT TAXES)
In case an assessee files a revise return then due date for issuance of notice u/s 143(2) will be from date of original return or date of revised return. Do remember that earlier revised return could be filed till 1 year from end of year in which original filed and Dhampur sugar mills case of Allahbad high court says revised return will substitute original return. Thank you in advance. BY: NAMAN MALOO No answers yet View Answers | Post Answers |
| 20639 |
May. 04 2021 |
GST 0on Reimbursement exp –
(GST)
Whether Travelling expenses reimbursable by bank should include GST alsp BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20640 |
May. 04 2021 |
GST Registration –
(GST)
While applying for new GST Registration for Private limited Company, 1 director is Indian and 2 directors are foreigner. The foreign directors does NOT have PAN and Aadhar in india. So how to fill details about foreign directors. Also our query is that whether we it is mandatory to fill details of foreign directors or we need to fill details of Indian director only ? Query about Authorised person . The company is registered in uttarpresh and Indian director is of uttar Pradesh . Now company wants to obtain new GSTIN in the state of Maharashtra also . Our query is that is there any requirements of any representative / authorized person in the state of Maharashtra ? Can the authorized person be from uttarpradesh for filing GST application ? BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 20641 |
May. 04 2021 |
GST Registration –
(GST)
While applying for new GST Registration for Private limited Company, 1 director is Indian and 2 directors are foreigner. The foreign directors does NOT have PAN and Aadhar in india. So how to fill details about foreign directors. Also our query is that whether we it is mandatory to fill details of foreign directors or we need to fill details of Indian director only ? Query about Authorised person The company is registered in uttarpradesh and Indian director is of uttarpradesh. Now company wants to obtain new GSTIN in the state of Maharashtra also . (a) Our query is that is there any mandatory requirements of any representative / authorized person in the state of Maharashtra ? or Can the authorized person be from uttarpradesh also for filing GST application ? (b)What is difference between Authorised signatory and authorized representative. BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 20638 |
May. 02 2021 |
UCN –
(AUDIT)
What is the procedure for getting UCN No from RBI BY: VISHAL GARG No answers yet View Answers | Post Answers |
| 20637 |
May. 01 2021 |
HSN code –
(GST)
It has been made compulsory to mention HSN Code wef April/May 2021. Whether it is necessary to maintain stock records also as it is asking for Quantity also BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20635 |
Apr. 29 2021 |
Nidhi Co Compliance –
(Companies Act, 2013)
A Nidhi company has been incorporated in March 2021, whether NDH-3 is required to be filed by 30th April 2021. BY: Shobhit Bansal No answers yet View Answers | Post Answers |
| 20636 |
Apr. 29 2021 |
136281 –
(GST)
Dear All, Should we include value of unbilled revenue for calculating threshold limit of 5 crore (turnover) for GST audit. BY: chetan jadhav No answers yet View Answers | Post Answers |
| 20634 |
Apr. 28 2021 |
RBI GUIDELINES ON STATUTORY AUDITORS APPOINTMENT –
(MISC.)
ON 27-04-2021 RECENTLY RBI ISSUED GUIDELINES FOR APPOINTMENT OF STATUTORY AUDITORS FOR BANKS. 01. ACCORDING TO THIS WHETHER INDIVIDUAL SOLE PROPRIETOR PRACTICING FIRMS WILL NOT BE ENTITLED FOR BANK AUDITS? 02. PLEASE LET ME KNOW HOW MANY YEARS OF EXPERIENCE OF INDIVIDUAL AUDIT FIRM IS REQUIRED TO GET STATUTORY BANK AUDIT? BY: Sachin No answers yet View Answers | Post Answers |
| 20632 |
Apr. 23 2021 |
Estimated Total Income for Form 15G. –
(DIRECT TAXES)
Dear Friends, For Fin. Yr.2021-2022 the estimated Total Income of a resident individual is Rs.4,80,000/= which includes Interest Income of Rs.2,30,000/= Further, he is also entitled to claim Tax Rebate u.s.87A and so his final Tax Liability for the year will be NIL. Pleasde advice me whether such an individual can file a valid Form 15G for non-deduction of tax at source from his Interest Income by mentioning Rs.4,80,000/= in the Estimated Total Income column of Form 15G as his Interest Income is below Rs.2,50,000/= BY: Sudeep B. Sarwate No answers yet View Answers | Post Answers |
| 20633 |
Apr. 23 2021 |
Address in the sales invoice –
(GST)
The registered taxpayer has 2 place of business . i.e. one principal place of business ( office) and other additional place of business ( warehouse ). The seller wants to show additional place of business in sales invoices ( instead of place of principal place of business.) Query is whether is this permissible ? BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 20631 |
Apr. 20 2021 |
GST SET OFF IN CASE OF REAL ESTATE –
(GST)
CAN ONE PROJECT ITC BE SET OFF AGAINST ANOTHER PROJECT OUT PUT TAX LIABILITY UNDER GST. BY: Sachin No answers yet View Answers | Post Answers |
