Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 1161–1180
| Que. Id | Date | Description |
|---|---|---|
| 20427 |
Sep. 11 2020 |
Joint Home Loan –
(DIRECT TAXES)
A house is owned by Mrs. X. A home loan has been taken on said property by Mr. and Mrs. X (Co-borrowers). The EMI of the said loan has been paid from Mr. X Bank account. Who is eligible to claim deduction for Principal and Interest under Income Tax? If none of them are eligible, what is the general practice adopted by the professionals and in whose return deduction is claimed? BY: ROHIT GARG No answers yet View Answers | Post Answers |
| 20428 |
Sep. 11 2020 |
Tax Audit for Multiple Businesses –
(AUDIT)
I have an assessee who is carrying on 2 businesses 1. Photo Development Service - T.O (12 lakhs) 2. Commodity Trading (Futures Intraday, delivery is not there, squared off daily) - T.O (56 Crores) For 2nd business, he incurred 3 lakhs loss and intend to carry forward this speculative loss, hence tax audit is applicable here - Even sum of absolute figures (Profit/loss) per transaction also more than 1 crore, tax audit is inevitable In this case, how to proceed for tax audit. Is it possible to disclose speculative loss and avail presumptive taxation scheme for 1st business or both turnovers needs to be aggregated? For 2nd business what is the Turnover to be disclosed in ITR - Full sale - 56 crore, sum of absolute figures - 2 Crore? Plesae guide me in both tax audit and filling of information in ITR perspective also. Need experts help in proceeding further. Thanks in advance. BY: UDAY KIRAN No answers yet View Answers | Post Answers |
| 20429 |
Sep. 11 2020 |
Stamp Vendor - Tax Audit –
(DIRECT TAXES)
A person is engaged in selling of stamp papers. He procures the stamp papers from haryana government's website and sell to persons after charging his commission. Commission is not fixed by government but he charges it on his own discretion. For the purpose of Tax Audit, should we consider commission amount only or the whole sale proceeds from sale of stamp paper? BY: CA ROHIT GARG No answers yet View Answers | Post Answers |
| 20425 |
Sep. 08 2020 |
Highsale - reg –
(INTERNATIONAL BUSINESS)
Party A in USA making an order on Party B in USA and inturn Party B in USA making order of the material from Party C in India. Party C has manufactured the material and Exporting it to Part B in USA. Material has moved out of Indian port meantime Party A is getting an order for the above material from India hence Party A wants to instruct Party B to do a highsea sale agreement to send the goods back to India to Part D? Is the above transaction possible if so kindly provide documentation required and any other additional compliances? BY: CA. BALASUBRAMANIAM P No answers yet View Answers | Post Answers |
| 20424 |
Sep. 07 2020 |
Retirement of one partner in CA Firm (Furnishing of requisite forms) –
(MISC.)
A - CA firm having 3 partners, one of the partner retire today. Please advice me which form we need to send to our Institute, further the retiring partner was also in charge of a separate branch. Kindly let me know all the forms which need to be filed with CA Institute and with GST for the closing of that particular branch , since that branch has operated in a separate GSTN No. BY: pradeep kumar agrawal No answers yet View Answers | Post Answers |
| 20423 |
Sep. 06 2020 |
PRIVATE COMPANY ACCEPT LOAN FROM SHAREHOLDERS –
(Companies Act, 2013)
Private Limited company can accept loan from Situation 1) Can accept loan from Shareholders? If yes, please provide section 2) Can accept loan from Relative of directors? If yes, please provide section 3) Can accept loan from friends of directors or shareholders? If yes, please provide section 4) Company taken loan from directors but subsequently directors resigned from directorship. Can loan will be treated as deposit? BY: RAMESH K S No answers yet View Answers | Post Answers |
| 20420 |
Sep. 05 2020 |
AVAILABILITY OF GSTR 2A –
(GST)
CAN ANYBODY THROW SOME LIGHT ON THE DATE OF AVAILABILITY OF GSTR 2A IN GST PORTAL.PLEASE LET ME KNOW THE NOTIFICATION,IF THERE IS ANY.THANK YOU. BY: SUDIP KUMAR MUKHOPADHYAY No answers yet View Answers | Post Answers |
| 20421 |
Sep. 05 2020 |
No of Articles to be Registred under CA –
(MISC.)
Howmany No of Articles to be registred under CA who is in contiguous practice of morethan 3 years It means Only after FCA can engaged 2nd Article cleark In my views Smartly revised guidlines by ICAI ?? latest guidlines for no of articles ?? BY: HARSHAD JAYANTIBHAI VAGHELA No answers yet View Answers | Post Answers |
| 20422 |
Sep. 05 2020 |
TDS on salaries –
(TDS/TCS)
For Financial Year 2019-20 , the position of Form 24Q filed are as under . For Quarter 1 and 2 deductor was liable for TDS dedcution and same was paid and filed TDS return . For Quarter3 and 4 Deductor was not liable for TDS decution and hence filed NIL declaration. Now, are submitting request for Form 16 . The message displayed is ‘’no data is available’’ . Also there is message that ‘’ Form 16 will not be available for the PAN(s), which are not mentioned in the Annexure-II of Form 24Q for Quarter (Q4) We have to mention that for Quarter4 deducted was liable for deduction and hence not deducted any TDS. So without TDS challan, TDS return can not filed and consequently Annexure II of Form 24Q also could not filed. So our query is that how to download TDS certificate for Quarter1 and Q2 BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 20419 |
Sep. 04 2020 |
Contract Canteen Service –
(GST)
What is the GST rate on Contract Canteen Service? BY: NARENDER YARRAGORLA No answers yet View Answers | Post Answers |
| 20417 |
Sep. 02 2020 |
GST Input credit - Computer generated Invoices –
(GST)
Hi all, We are receiving Computer generated Invoices from BSNL and GST input credit taken based such invoices and no hard copy of Invoices with signature available. Is Computer generated Invoices are a valid for availing GST Input credit BY: CA. BALASUBRAMANIAM P No answers yet View Answers | Post Answers |
| 20418 |
Sep. 02 2020 |
GST AUDIT U/R 80(3) OF CGST RULES,2017 –
(GST)
WHAT IS THE PRESENT LIMIT FOR NOT GETTING AUDITED ACCOUNTS U/R 80(3).IN FY 2017-18 IT WAS RS 2 CRORES.PLEASE REFER NOTIFICATION NO IF THERE IS ANY CHANGE. BY: SUDIP KUMAR MUKHOPADHYAY No answers yet View Answers | Post Answers |
| 20414 |
Sep. 01 2020 |
Opting for Presumptive Taxation –
(DIRECT TAXES)
A person is getting his accounts audited under Tax Audit for Financial yr 2017-18 and 2018-19. Can he choose to opt for Presumptive Taxation this Financial year 2019-20 . BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20415 |
Sep. 01 2020 |
Input Credit based on Copy Invoice –
(GST)
Whether we can avail the GST Input Credit based on Copy Invoice. BY: CA. BALASUBRAMANIAM P No answers yet View Answers | Post Answers |
| 20416 |
Sep. 01 2020 |
Is HSN Code is Mandatory on Invoices –
(GST)
Whether HSN Code needs to be mandatory mentioned in the Invoices for availing Input Credit. BY: CA. BALASUBRAMANIAM P No answers yet View Answers | Post Answers |
| 20413 |
Aug. 31 2020 |
ITR FORM 4 –
(DIRECT TAXES)
Hi sir/madam I have a question regarding of ITR form to be submitted of my client, he is having Commission income under 194D and he dont maintain books of account of Retail business (44AD) Can i file ITR 4 Or need to fill ITR 3 ? BY: RAGHURAMIREDDY No answers yet View Answers | Post Answers |
| 20410 |
Aug. 29 2020 |
e commerce operator –
(GST)
One person wants to sale products through amazon.He will purchase goods from registered suppliers. Will he be treated as e-commerce operator ?? It is pertinent to mention that he has already taken registration as e-commerce operator few days ago.Now amazon people say that TCS will be deducted by them not by him ?? How should he go about it ?? Will he amend or cancel his registration as ecommerce operator ?? BY: SUDIP KUMAR MUKHOPADHYAY No answers yet View Answers | Post Answers |
| 20411 |
Aug. 29 2020 |
RESIGNATION OF DIRECTOR –
(Companies Act, 2013)
Can a Director resign from Directorship of a Company pending filing of DIR-ACTIVE and DIR KYC BY: SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 20412 |
Aug. 29 2020 |
PAN application by a Religious Body –
(DIRECT TAXES)
A Gurdwara set up a few years back want to get PAN (This is required by Bank) What documents will be required for that Will it be Trust deed or any thing else. BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20407 |
Aug. 28 2020 |
GSTR1 amendment –
(GST)
A taxpayer was Normal scheme dealer till 31.03.2020 . From 01.04.2020, he has opted for composition scheme dealer. For FY 2019-20 , two sales invoices was not reported. Now he wants to report these 2 transactions of FY 2019-20 so that he can pay proper taxes and customer can get credit . Our query is that how to report these transactions. From FY 2020-21 , he is into composition scheme so not eligible to file GSTR1 . BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
