Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 1061–1080
| Que. Id | Date | Description |
|---|---|---|
| 20529 |
Dec. 21 2020 |
Exemption u/s 54F –
(DIRECT TAXES)
Can Exemption U/S 54F Be Claimed On Sale Of Two Separate Pieces Of Land But Investment In Same House Property ? Pls guide with some reference. BY: Gaurav Kumar Baranwal No answers yet View Answers | Post Answers |
| 20526 |
Dec. 20 2020 |
Exemption u/s 54F –
(DIRECT TAXES)
Can exemption u/s 54F be claimed on sale of two separate pieces of land but investment in same house property ? BY: Gaurav Kumar Baranwal No answers yet View Answers | Post Answers |
| 20527 |
Dec. 20 2020 |
Simultaneous Exemption u/s 54 and 54F –
(DIRECT TAXES)
Can exemption u/s 54F and 54 be claimed simultaneously for investment in same house property ? BY: Gaurav Kumar Baranwal No answers yet View Answers | Post Answers |
| 20523 |
Dec. 19 2020 |
Formation of Pvt Ltd co –
(CORPORATE & OTHER LAWS)
What are the main steps tp incorporate a co.Whether We should apply on SPIC+ to form a co with 15 Lacs as Capital What documents shoud be at hand while applying and Whether DSC of Class II will be sufficient BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20524 |
Dec. 19 2020 |
054873 –
(GST)
GTA charges 5% or 12% GST. 1. At what rate is RCM payable? 2. Is RCM mandatory for GTA services whether GTA has paid GST or not ? 3.What is the status of GST paid by the GTA in the hands of the recipient ? BY: Suprakas Chaudhuri No answers yet View Answers | Post Answers |
| 20525 |
Dec. 19 2020 |
ESOPS ALLOTED IN USA –
(DIRECT TAXES)
An individual resident in India received 62 ESOPS in USA in FY 2018-19. At the time allotment 20 ESOPS were deducted as TDS by the company. Now in FY 2019-20 these shares allotted were sold in USA and earned profit of around 80000.00 Rs. Other Income of the assessee is around 45 Lac Rs. What will be the tax treatment of the shares sold in USA for FY 2019-20. Is there any specific DTAA provision, through which tax benefit can be claimed? BY: CA. SHAH DIWAKAR No answers yet View Answers | Post Answers |
| 20522 |
Dec. 15 2020 |
How to claim TDS of Form 16D in ITR 3 –
(DIRECT TAXES)
There is a deduction of TDS u/s 194M and Form 16D is issued. Now the contractor wants to file ITR 3. But in ITR 3 Schedule Name TDS contains no field for TDS of Form 16D. TDS 1 is for Form 16, TDS 2 is for Form 16A and TDS 3 is for Form 16B/16C. Please let me know how to claim the amount of TDS of Form 16D in ITR 3. BY: Rupesh Sakhi No answers yet View Answers | Post Answers |
| 20521 |
Dec. 14 2020 |
Commision received by a call centre –
(DIRECT TAXES)
Whether Commission received by a call centre be covered under Presumptive Tax Scheme .Its Commission receipts during 2019-20 is around 140 lacs BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20520 |
Dec. 11 2020 |
Experience count on Change of trade Name –
(MISC.)
Hello all, I want to change trade name of my firm which is 12 years old and also change its constitution from proprietorship to partnership firm. What will happen to my experience count in Bank Audits and in various tenders? Kindly suggest method to change trade name and retain experience. Thanks and regards BY: RAJESH SINGHANIA No answers yet View Answers | Post Answers |
| 20519 |
Dec. 10 2020 |
Place of supply –
(GST)
Where is the place of supply of Gold online Auction.? Seller : Kerala GSTN Buyer : Tamil Nadu GSTN Goods were collected by Buyer from the premises of Seller in Kerala. BY: BIJIN No answers yet View Answers | Post Answers |
| 20518 |
Dec. 08 2020 |
Income from business or profession –
(Income From Salary)
I am professor in college. My salary is 22 lakh for Financial year 2019-20. And in addition to salary, I received (1) Rs. 30000/- (thirty thousand) from answersheet evaluation (2) Rs. 50000/- (fifty thousand only) as honorarium from examination duty In this regard, my question is that can I fill ITR-4 for AY 2020-21? Is it possible to fill above additional income given in point no 1 and 2 in ITR-4 (BP) tab under 44........ BY: ASHISH KUMAR BAJPAI No answers yet View Answers | Post Answers |
| 20516 |
Dec. 05 2020 |
LONG TERM CAPITAL GAIN –
(Capital Gains)
X AN INDIVIDUAL SOLD THE FLAT ON NOV 2019, AND EARNED A CPAITAL GAIN OF RS 20 L. HE ALREADY POSSES A HOUSE ALONG WITH HIS SON. NOW MY QUERY IS WHETHER HE CAN PURCHASE ANOTHER HOUSE BY INVESTING FLAT CAPITAL GAIN OF RS 20 L AND THEREBY CAN SAVE CAPITAL GAIN. WHAT WILL BE THE TIME LIMIT OF INVESTMENT IN 54EC BOND CONSIDERING SALE AGREEMENT ON 01.11.20, AND WHETHER HE CAN INVEST THE PROCEEDS IN ANY CAPITAL GAIN SCHEME ACCOUNT TO BE OPENED IN ANY NATIONALISED BANK FOR USE IN PURCHASE OF ANOTHER RESIDENTIAL UNIT, BUT AS ON DATE HE IS HAVING A HOUSE JOINTLY OWNED WITH HIS SON. BY: pradeep kumar agrawal No answers yet View Answers | Post Answers |
| 20517 |
Dec. 05 2020 |
CIRCLE RATE OF FIXED ASSETS –
(Capital Gains)
X AN INVIDIUAL SOLD A FLAT AT A PRICE OF RS 45 L WHEREAS THE CIRCLE RATE IS 61 L, IN NOV2019 SO WHICH AMOUNT WILL BE CONSIDERED FOR SALE VALUE TRANSACTION AMOUNT OF CIRCLE RATE / +/- 10% OF TRANSACTION PRICE. PLEASE SUGGEST BY: pradeep kumar agrawal No answers yet View Answers | Post Answers |
| 20513 |
Dec. 03 2020 |
TDS applicability on Interest to NRI Partner –
(DIRECT TAXES)
Whether TDS provisions is applicable on interest payment on Capital to NRI Partner ? If Yes, Please mention Relevant Sections. BY: ARIHANT JAIN No answers yet View Answers | Post Answers |
| 20514 |
Dec. 03 2020 |
075030 –
(Capital Gains)
Mr. A and Mr. B and M/s ABC Limited (Collectively "landowners") entered into JDA with M/s XYZ Limited ("Builder")in the FY 2012-13 for developing housing project on their land and received a refundable token advance of Rs. 3 lacs. Project was not completed in time and the time is extended by mutual consent between parties on 30/05/2018. Project is consisting 3 multistory building of 48 flats each. As per agreement landowners will get 40% of fully developed constructed unit/ area in proportionate of their land contribution ratio balance 60% builder will get. The first multistory building was completed in FY 18-19 as per completion certificate issued by the competent authority. Builder and the landowner sell 18 flats out of 30 flats in FY 18-19, 14 flats in FY 19-20, 3 flats in FY 20-21 and balance flats shall be sold in coming years. Builder and landowners have distributed the sale consideration, with mutually consent, in proportion as mentioned in JDA in the year in which sale took place. Land acquired by Mr A in FY 1998-99 say 10 lacs and Mr B for Rs. 15 lacs and M/s ABC Limited in FY 2003-04 for Rs. 75 lacs. Queries: 01. How LTCG calculated in the hand of landowners. Whether the same is arise in the year in which sales have been made or in the year in which completion certificate is received or sale consideration actually received from the builder in proportionate to the land utilized in a particular year/ registry. 02. What is Cost of acquisition for the landowners. Whether indexation will be given upto the date of JDA or to the date of completion certificate or to the date of registry or to the date of amount actually received from the builder. 03. As the LTCG arises in more than one year, what will be the time limit to make investment u/s 54 and 54F etc. BY: Navin K. Gupta No answers yet View Answers | Post Answers |
| 20515 |
Dec. 03 2020 |
RATE OF DEPRECIATION. –
(Companies Act, 2013)
AT THE TIME OF FINALIZATION OF BOOKS OF ACCOUNTS OF PRIVATE LIMITED COMPANY, WHICH RATE OF DEPRECIATION WE HAVE TO TAKE. AS PER COMPANIES ACT OR INCOME TAX ACT. CAN I TAKE RATE OF DEPRECIATION AS PER INCOME TAX ACT AT TIME OF FINALIZATION OF BOOKS OF ACCOUNT. SO THAT THERE IS NO TIMMING DIFFERENCE IN DEPRECIATION. AND THEREFORE THERE IS NOT NEED TO CALCULATE ANY TIMING DIFFERENCE FOR DETREMINATION OF DIFFERED TAX. THANK YOU. BY: AJITKUMAR L PATEL No answers yet View Answers | Post Answers |
| 20511 |
Nov. 30 2020 |
Admission of Partners –
(MISC.)
Date of Stamp Paper is 21.12.2019. for Partnership Deed Existing Partners w.e.f. 01.01.2016 New Partners Added : Effective Date 1. 21.12.2019 2. 30.12.2019 3. 31.12.2019 And 4. 04.06.2020. All new partners should be added in ONE Stamp paper dated above 21.12.2019 using date of deed execution 04.06.2020 OR Otherwise. Thanking you BY: SUBHASH CHAND No answers yet View Answers | Post Answers |
| 20512 |
Nov. 30 2020 |
ICDS II –
(DIRECT TAXES)
According to ICDS II value of purchase,sale & stock will be taken including GST.But for accounting purposes we are not including GST element.Query is that Where do we show calculation or treatment of ICDS,only in clause 13(f) of 3CD or somewhere else also.Please let me know. BY: SUDIP KUMAR MUKHOPADHYAY No answers yet View Answers | Post Answers |
| 20510 |
Nov. 29 2020 |
Not obtaining GST no for a commission agent –
(GST)
A commission agent earning 2% of Commission on goods sold through him having commission less than 20 lacs on yearly basis during 2017-18 to 2019-20 has not got himself registered in the belief that Rs 20 lacs is the threshold limit. What should he do know BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20508 |
Nov. 28 2020 |
Write Back of payment for Import Bills –
(INTERNATIONAL BUSINESS)
My client has made imports of around 50 Lakhs four years back and due to bad quality of material it could not be sold. He has not paid the bills and now the overseas party has agreed to write off the entire amount. Can he do so without taking approval of RBI. Otherwise what should be the procedure for write off. At the time of Audit if company write off the amount without taking the approval of RBI what should be responsibility to report or disclose as an Auditor. BY: Dinesh Agarwal No answers yet View Answers | Post Answers |
