Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 1021–1040
| Que. Id | Date | Description |
|---|---|---|
| 20570 |
Feb. 09 2021 |
DRC-03 Payment –
(GST)
One of my client received a notice ASMT-10 for filing nil 3B return in FY 2018-19. We have declared sales in GSTR-9 and paid tax. Whether department will demand interest and penalty also for not disclosing sales. BY: Shobhit Bansal No answers yet View Answers | Post Answers |
| 20569 |
Feb. 08 2021 |
GSTR9 and GSTR9C –
(GST)
ITC of 2017-18 was taken in GSTR3B of FY 2018-19. However the same was missed to be reported in GSTR9 and GSTR9C of 2017-18. Query : So while preparing GSTR9 and GSTR9C of 2018-19 , should the ITC of 2017-18 taken in 2018-19 allowed or not ? BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 20568 |
Feb. 07 2021 |
RETURN FILLED WITH TAX PAYABLE ABOVE CRORE –
(DIRECT TAXES)
client has filled income tax return with tax payable due to financial crunch of his business. he has got his account audited u/s 44ab. i want to know what would be consequences of filling income tax return with tax payable. whether there is any provision for prosecution if liability is more than one crore. BY: NADIR D SHAIKH No answers yet View Answers | Post Answers |
| 20565 |
Feb. 06 2021 |
Credit note –
(GST)
Can Credit note also be uploaded monthly by those who decide to go for Quarterly filing GSTR-1 return BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20566 |
Feb. 06 2021 |
Credit note –
(GST)
Can Credit note also be uploaded monthly by those who decide to go for Quarterly filing GSTR-1 return BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20567 |
Feb. 06 2021 |
Dividend Income to NRI –
(DIRECT TAXES)
A Non resident earns 15 Lakhs Dividend from Indian Listed Companies for financial year 2019-20. Whether this is taxable or exempted ? BY: PRABINA KUMAR MONINGI No answers yet View Answers | Post Answers |
| 20562 |
Feb. 04 2021 |
GST Audit FY 2018-19 –
(GST)
ITC of 2017-18 was taken in GSTR3B of FY 2018-19. However the same was missed to be reported in GSTR9 and GSTR9C of 2017-18. Query : So while preparing GSTR9 and GSTR9C of 2018-19 , should the ITC of 2017-18 taken in 2018-19 allowed or not ? BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 20563 |
Feb. 04 2021 |
Second office of CA Firm (Sole Proprietor) –
(COUNCIL DECISION)
I'm a Practicing CA with Sole Firm in Telangana State. I have an office in one of the Towns (Municipality). Now I'm willing to open a second office in a small town which is 24 km away from my main office but it is in the state of Maharastra. Do I need to have a separate CA as in charge or not as it is within 50Kms Radius? (Note: within 24kms but in a different town and Different State) BY: DASARI PRANAYREDDY No answers yet View Answers | Post Answers |
| 20564 |
Feb. 04 2021 |
Co-op.bank exposure limit –
(CORPORATE & OTHER LAWS)
A Co-op. Bank's exposure limit to a single borrower is say Rs. 1.5 crs. It has already advanced Rs. 1.5 crs to a borrower on mortgage of immovable property of Rs. 5 crs.Again it want to advance Rs. 1.5 crs. to another borrower on the same morgaged property. Whether advance on the same mortgaged property to different borrowers becomes an advance to a single borrower? BY: KOMAL APURV VORA No answers yet View Answers | Post Answers |
| 20561 |
Feb. 03 2021 |
TYPE OF REGISTRATION –
(DIRECT TAXES)
RESPECTED SIR, THE QUESTION IS 2 PERSONS ARE COLLECTING SCRAP/SECOND HAND GOODS FROM DOOR TO DOOR PEOPLES AS A DONATION IN KIND. THE SAME GOODS THEY ARE SELLING TO GENERAL PEOPLE BY MAKING THEM FIT FOR USE BY INCURRING EXPENDITURE ON IT. THE SALE PROCEEDS ARE USING FOR CHARITABLE ACTIVITIES. NOW THEY WANT TO GO WITH NGO REGISTRATION. SO WHICH ONE IS RCOMMENDED UNDER SUCH CIRCUMSTANCES. 1. TRUST CANT DO BUSINESS ACTIVITY AS PER CONDITIONS LAID DOWN FOR 12A REGISTRATION. 2. CAN WE INCORPORATE SEC 8 COMPANY TO UNDERTAKE ABOVE ACTIVITIES. IS THERE ANY RESTRICTIONS ON SEC 8 COMPANY WITH RESPECT TO BUSINESS ACTIVITIES? THANKS IN ADVANCE BY: MOHAMMED QUSROO No answers yet View Answers | Post Answers |
| 20560 |
Feb. 01 2021 |
LATE FILING OF FORM 67 –
(DIRECT TAXES)
Rule 128 provides that Form 67 must be filed before due date u/s 139(1) in order to claim foreign tax credit in return of income. If return to be filed is a belated return and Form 67 has not been filed upto due date u/s 139(1), whether foreign tax credit claimed in return will be disallowed? BY: vikas kalra No answers yet View Answers | Post Answers |
| 20559 |
Jan. 31 2021 |
Difference between stamp valuation and Sale consideration relaxed upto 20% –
(DIRECT TAXES)
Govt had relaxed the difference between stamp valuation and sale consideration upto 20% on sale of land and building in November 2020. Anybody has the circular/notification with respect to it ? Pls forward. BY: Gaurav Kumar Baranwal No answers yet View Answers | Post Answers |
| 20556 |
Jan. 30 2021 |
Acceptance of Revenue audit –
(AUDIT)
We are doing statutory audit of OBC (now PNB) for Last two years . Recently We have received assignment of Revenue Audits of PNB . Can we go for it ? BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20557 |
Jan. 30 2021 |
Section.43B(a)- Any tax, duty, cess or fee etc –
(DIRECT TAXES)
Sec.43B(a) allows any tax, duty, cess or fee by whatever name called under any law for time being in force on payment basis. A company is paying lease rent to TN Govt for land taken on lease from Govt. It has made provision for rent arrears as the matter is in litigation. Is this amount provided towards arrears rent will be covered in sec.43B(a) and allowed on only payment basis? If not in sec.43B(a), will it get disallowed under any other section? Pls clarify. Thanks. BY: balasubramanian No answers yet View Answers | Post Answers |
| 20558 |
Jan. 30 2021 |
SEC 115BAA –
(DIRECT TAXES)
1.A company with carry forward depreciation and business loss(normal business). Is it possible to opt sec 115BAA with carry forward business loss? 2.Also, above company having short term borrowings from directors and not in the situation to repay. Is it possible to written off borrowings and adjust that income with carry forward business loss after opting Sec 115BAA? as MAT is not applicable. BY: SHRIDHAR No answers yet View Answers | Post Answers |
| 20554 |
Jan. 27 2021 |
TCS under 206c 1h for supply to NIC –
(TDS/TCS)
Will supply by a registered person TO NIC (government entity) liable for tcs BY: HIMANSHU PUROHIT No answers yet View Answers | Post Answers |
| 20555 |
Jan. 27 2021 |
PAYMENTS TO A REMOTE PROGRAMMER IN ABROAD - WHETHER TDS U/S. 195 IS REQUIRED TO BE DEDUCTED –
(TDS/TCS)
One of our client hires a Remote Programmer through Upwork portal occasionally and pays him / her in foreign currency. Whether we need to deduct TDS u/s.195 since the person is not located / not resident in India. Could anyone pls advise? BY: DHIVYA G K No answers yet View Answers | Post Answers |
| 20553 |
Jan. 23 2021 |
Seniority on change in firm name –
(COUNCIL DECISION)
What would be the seniority status in case a CA Partnership Firm wishes to change its name ? Will it continue to enjoy the seniority from it's earlier date only ? BY: CA. DATTANI VISHAL MANSUKHLAL No answers yet View Answers | Post Answers |
| 20552 |
Jan. 21 2021 |
Income Tax Return for FY 2018-2019 –
(DIRECT TAXES)
Can Income Tax Return be filed for FY 2018-2019 ( AY 2019-2020) .ITR 1 required to be filed and tax liability is zero as all taxes are deducted by Employer u/s 192? In the event no Tax Return can be filed is fees u/s 234f to be paid voluntarily or after receipt of Notice.? BY: ANIRBAN BASU No answers yet View Answers | Post Answers |
| 20550 |
Jan. 19 2021 |
103762 –
(DIRECT TAXES)
Can we cancel form 10IC filed through oversight. We have yet not filed the return. Relevant section 115BAA is but we would like to otp for section 115BA. BY: DARSHAK MAGANLAL THAKKAR No answers yet View Answers | Post Answers |
