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Click here to Post your Query >>5987 unanswered question(s) — Showing 101–120
| Que. Id | Date | Description |
|---|---|---|
| 21496 |
Jul. 05 2025 |
TDS deducted under Section 194IA –
(TDS/TCS)
The Property Purchase agreement has 2 buyers, the purchase of property is financed through Bank Loan and the EMI isnpaid by the primary borrower. However at the time of TDS decution and payment through Form 26QB instead of filing 2 form 26QB the primary borrower has deducted full TDS under his PAN and filed Form 26QB on full value under the contention that he is responsible for payment of the Home Loan. There is no loss to the revenue as the entire TDS has been deducted and deposited. Will there be any consequence for filing only 1 Form 26QB or is there a way it can be rectified? BY: KOMAIL ABBAS TALAJAWALA No answers yet View Answers | Post Answers |
| 21494 |
Jul. 03 2025 |
GSTR1 & GSTR3B Mismatch IGST Paid May 19 Subsequently NO Refund Hence Amount adjusted in May 22 Lia –
(GST)
A. GSTR1 May 19 was filed and saved as WOPAY [ Zero] by oversight. B. GSTR3B May19 was filed correctly as WPAY [ with IGST] and accordingly Tax was paid on the same C. GSTR1 could not be amended and rectified due to technical errors D. Since GSTR1 was by oversight saved as WOPAY and Data was not transmitted our precious working capital was stuck up and no IGST Refund was forthcoming. E. GSTR1 could not amended as the GSTR3B was filed on time F. It was advised by ICEGATE that adjustment be made in subsequent GSTR3B, and we have followed the same as in spite of the documents follow up the IGST refund was not forthcoming and it is revenue Neutral for the Department. G. The said Payment made in GSTR3B May 19 has remained as an excess payment till the time it was adjusted in the March 2022 Liability H. Now we have received a Demand Notice for FY 2021-22 BY: JESAL V CHANCHANI No answers yet View Answers | Post Answers |
| 21493 |
Jul. 01 2025 |
082701 –
(GST)
Whether excess of credit notes over Sales resulting in negative sales and negative liability be shown in GSTr 1 and return filed BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21491 |
Jun. 30 2025 |
UDIN –
(MISC.)
can partner of firm who is also having his proprietorship firm could generate UDIN for any audit assignment conducted by his proprietorship firm ? BY: PRATIK No answers yet View Answers | Post Answers |
| 21492 |
Jun. 30 2025 |
deduction of GST paid with insurance premium –
(DIRECT TAXES)
Dear all, Is GST paid with health insurance premium allowable u/s 80D??? BY: SUDIP KUMAR MUKHOPADHYAY No answers yet View Answers | Post Answers |
| 21490 |
Jun. 27 2025 |
HSN in case of supplies to B2C –
(GST)
Dear all, Issue is that is it mandatory to mention HSN code in table 12 of GSTR 1 in case of B2C supplies by a registered person having turnover less than 5 cr ??? Can we refer notification no 78/2020 dt 15/10/2020 ?? BY: SUDIP KUMAR MUKHOPADHYAY No answers yet View Answers | Post Answers |
| 21488 |
Jun. 26 2025 |
RCM on URD Purchase –
(GST)
1) Whether RCM applicable on if individual come to jwellery shop for selling his old jwellery? 2) if no then what doucments need to be maintain for such type of URD purchase by shop owner?? thanks in advance BY: Ninad Prataprao Shete No answers yet View Answers | Post Answers |
| 21489 |
Jun. 26 2025 |
091832 –
(DIRECT TAXES)
How the options turnover is calcluated for tax audit. Whether we have to include the premium on sale of options in turnover ? In most cases absolute profit and losses are taken and not the premium. As per Final draft of ICAI GN Premium received on sale of options is also to be included in turnover. However, where the premium received is included for determining net profit for transactions, "then such net profit "should not be separately included. From exposure draft to final GN the word is" same " is replaced with "then such net profit". So we have to take sale premium and absolute losses for turnover calculation. And leave the net profit as it is already part of sale premium. Please clarify . BY: naresh aggarwal No answers yet View Answers | Post Answers |
| 21487 |
Jun. 22 2025 |
Advertisement in JUST DIAL –
(MISC.)
Justdial persons are calling CA FIRMS to place its name on top 5 or 10 on payment of annual fees which is direct violation of ICAI GUIDELINES. Is it allowed? Whether concerned committee so motto verifies such violations or not. One may see some companies names are spelledout while asking for subscription. Is it allowed. Listing is in the order of the payment made and not alphabetical order. Is this point worth commenting in PEER REVIEW. Please comment BY: CA.veerendra.T.Murashillin No answers yet View Answers | Post Answers |
| 21484 |
Jun. 20 2025 |
filing of ITR4 –
(DIRECT TAXES)
Current utility and online filing facility doesn't allow to file Balance sheet figures such as Debtors, Creditors, Stock and Cash Balance in filing of ITR 4. Is it just not required to file or it is lapses in the utility to be updated. BY: CA. SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21485 |
Jun. 20 2025 |
082701 –
(DIRECT TAXES)
A HUF firm was doing business in previous years However it is having only Interest Income during FY 2024-25 But while selecting ITR Form only ITR 4 is available as option not ITR 1 Can we file ITR 4 instead BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21486 |
Jun. 20 2025 |
ITC erroneously reversed –
(GST)
Can I take ITC now in May 2025 (of December 24), wrongly reversed in 4(B)(1) of GSTR 3B BY: CA. SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21482 |
Jun. 17 2025 |
082701 –
(DIRECT TAXES)
Many times interest figures in AIS are different from as shown in 26AS Can We ignore AIS figs BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21483 |
Jun. 17 2025 |
082701 –
(DIRECT TAXES)
Income of an individual is Rs 705000 for Financial year 2024-25 How marginal relief will appear in ITR 1 BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21481 |
Jun. 16 2025 |
Import of services - RCM applicability –
(GST)
Dear Professional Colleagues, If a school avail services of a non resident individual for teaching the students, whether these services attract GST on RCM to be paid by school?. The school is having Form 10AC for income exemption u/s 10(23C). BY: ESWARAIAH Y No answers yet View Answers | Post Answers |
| 21480 |
Jun. 14 2025 |
Professional Ethics –
(MISC.)
I have seen some CA's writing their certificate course details as degrees on their visiting cards like CCAB (for concurrent audit course), Cert FAFP(for forensic course), Cert BRSR (for BRSR Course). Is this allowed to write on visiting card or anywhere with name? BY: ROHAN No answers yet View Answers | Post Answers |
| 21479 |
Jun. 13 2025 |
082701 –
(AUDIT)
Ours is a Prop Firm and has been on the Panel of CAG for more than 15 years However for 2025-26 They have not included Our firm name in Empanelled firms list Whether they have stopped Proprietorship firms from getting empanelled with them BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21478 |
Jun. 09 2025 |
GST on Centage Income –
(GST)
ABC Limited is a government company with 100 percent shares owned by State Government. They provide supervison services for Construction of Roads, Bridges. For this they receive a certain percentage of the Civil Works as CENTAGE. So basically what happens, A Contractor XYZ Ltd for the construction services raises a Tax Invoice in the name of ABC Ltd. Suppose for Rs 100 they raised a Tax Invoice and charged 18 percent GST on it and the total Invoice Values becomes 118. Now considering Rs 100 as the civil works value ABC Ltd books a centage Income of 8 Rupees in their books. This will be paid by the concerned road construction department. Now does ABC Ltd requires to pay GST on this 8 rupees i.e. Centage Income. If no, why? If yes, then can ITC of Rs 18 be claimed? BY: AMIT KUMAR No answers yet View Answers | Post Answers |
| 21477 |
Jun. 06 2025 |
ITC –
(GST)
There are 3 parties in the cases party A, B & C there is an agreement b/w A &B that A ( the builder) will develop property for B ( another builder) and thereafter B will perform some alteration like re- construction & deliver it to C. Whether the GST charged by A from B ( supply falls under schedule 2)will be available as ITC to B? pls reply with reason. BY: DEEKSHA GARG No answers yet View Answers | Post Answers |
| 21476 |
Jun. 05 2025 |
Fixed Asset Capitalisation –
(IFRS)
Below are the scenario - 1) Office Buiding constructed on freehold land is at the end of it's useful life and fully depreciated. 2) Original Gross Block is Rs.100 Cr with approx carpet area 1 lac sq.ft. 3) The company decides to reconstuct / significantly refurbish approx 10 thousand sq.ft by spending Rs.30 Cr today from own funds. 4) The company management decided to remove proportionate WDV (Rs. 10Cr Gross Block and Rs.10Cr Accumulated Depreciation) and capitalise Rs.30Cr with Building. Questions - 1) Is the above allowed as per IFRS / IndAS ? 2) If yes, should Stat Auditors need to give any special attention or FAP on this ? 3) Are there any references of similiar past practices ? BY: Debdatta Bandyopadhyay No answers yet View Answers | Post Answers |
