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| Que. Id | Date | Description |
|---|---|---|
| 19830 |
Jun. 22 2019 |
DEDUCTION U/S 80D (MEDICLAIM) –
(DIRECT TAXES)
ESIC DEDUCTED ON SALARY, CAN EMPLOYEE CLAIM AMOUNT OF ESIC DEDUCTED FROM HIS SALARY U/S 80D, AS THE AMOUNT IS DEDUCTED FOR THE MEDICAL FACILITIES OF EMPLOYEE BY: pradeep kumar agrawal No answers yet View Answers | Post Answers |
| 19833 |
Jun. 22 2019 |
RCM on transport –
(GST)
During 2017-18 , the Registered person ( Recipient ) has not paid GST on RCM basis on Transport ? . So now if he pays in GSTR 9 then any ITC available or it is ITC is lapsed ? BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 19819 |
Jun. 20 2019 |
NEW DIR KYC FORM –
(Companies Act, 2013)
As per the notification, DIR KYC 3 form is required to be filed every year. But till date no such form was made available for current year filing and the last date is 30th June 2019. How to proceed. BY: SURAJ KUMAR CHOUDHURY No answers yet View Answers | Post Answers |
| 19825 |
Jun. 20 2019 |
DPT 3 FORM –
(Companies Act, 2013)
FLAT BOOKING AMOUNT (TO BE SHOWN AS ADVANCE RECEIVED FOR MORE THAN 365 DAYS) A PVT LTD COMPANY HAS RECEIVED FLAT BOOKING ADVANCE FROM DIFFERENT PERSONS AMOUNTING TO RS 50 L. THE ADVANCE ARE ACCUMULATING SINCE 2 AND HALF YEAR AS ON 31.03.2019. MY QUERY IS WHETHER IT IS TO BE SHOWN IN DPT 3 IN ADVANCE RECD FOR MORE THAN 365 DAYS BY: pradeep kumar agrawal No answers yet View Answers | Post Answers |
| 19812 |
Jun. 17 2019 |
GSTR-9 & 9A –
(GST)
Assessee was in composition scheme from 01.07.17 to 15.10.17 and converted to Regular Scheme thereafter. GSTR-3B for 15.10.17 to 31.10.17 filed by wrongly taking credit of purchase bills during the period 01.10.17 to 31.10.17 instead of 16.10.17 to 31.10.17. Wrong ITC claim detected now and not yet rectified in returns. How to reflect the same in annual return? BY: Anuj Kumar Khaitan No answers yet View Answers | Post Answers |
| 19808 |
Jun. 16 2019 |
GSTR 9C –
(GST)
After uploading GSTR 9C file Portal shows error but no error report is generated What to do BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 19803 |
Jun. 14 2019 |
80TTA Deduction –
(DIRECT TAXES)
If there is saving interest which has been set-off against business losses, whether deduction u/s 80TTA is available or not? BY: CA Neha Gupta No answers yet View Answers | Post Answers |
| 19805 |
Jun. 14 2019 |
Presumptive taxation in case of Directorship in a company –
(DIRECT TAXES)
If a person is a notified professional u/s 44AA(1) and also a director in a company, Whether that person can file ITR under presumptive taxation in ITR-3..?? Thanx. BY: CA Neha Gupta No answers yet View Answers | Post Answers |
| 19806 |
Jun. 14 2019 |
Place of Supply in case of Hotel –
(GST)
If a Delhi based Hotel charges Conference Fees from its B2B client based in some other state, whether Place of Supply shall be Delhi or that state in which it's client is is based..? BY: CA Neha Gupta No answers yet View Answers | Post Answers |
| 19799 |
Jun. 12 2019 |
HOW TO PAY DEMAND ON FILING OF GSTR 9 –
(GST)
We found some additional tax liability in filing of GSTR9. My query is how to pay the additional tax liability in this case BY: pradeep kumar agrawal No answers yet View Answers | Post Answers |
| 19796 |
Jun. 11 2019 |
DPT-3 –
(Companies Act, 2013)
Taking loan from NBFC is considered as deposit or not? if not, then it is required to show in one time return Form DPT-3. BY: CA Neha Gupta No answers yet View Answers | Post Answers |
| 19795 |
Jun. 08 2019 |
rangarajanr –
(GST)
A company on advice of NRI situated outside india , arranges for rendering nursing service to parents of NRI in India. Consideration received from NRI in foreign currency. Whether this will be treated as Export of service under GST . BY: rangarajan r No answers yet View Answers | Post Answers |
| 19787 |
Jun. 07 2019 |
158621 –
(GST)
IS RCM APPLICABLE ON DIRECTOR REMUNERATION GIVEN BY COMPANY TO COMPANY TO DIRECTOR. AS DIRECTOR REMUNERATION IS REGULAR PAYMENT GIVEN BY COMPANY TO DIRECTOR AS LIKE SALARY GIVEN TO EMPLOYEE. BY: AJITKUMAR L PATEL No answers yet View Answers | Post Answers |
| 19781 |
Jun. 04 2019 |
CA CERTIFICATE - POLLUTION CONTROL BOARD (RAJASTHAN) –
(MISC.)
Dear Experts , One of my client wants NOC from state pollution control board (Rajasthan). He wants CA certificate for the capital investment in the project. Can anyone provide format of certificate of capital investment and guide me for the same. BY: DHANRAJ PAREEK No answers yet View Answers | Post Answers |
| 19764 |
May. 27 2019 |
Taxability of Corpus fund and other Amenities received –
(Capital Gains)
Query : 1. Mr. A is holding Rights in the property, which is old structure of apartment, the said Premises require development and hence Mr. A along with other tenant had made deal with Builder M/s XYZ for Development of the same. In the Aforesaid deal following terms were agreed between parties _ a. In place of old structure, Mr. A and other member will get New Flat along with several amenities b. All members will also entitle to Corpus Fund to the Extent of Rs. 25,00,000/- each. c. All members will also entitle to Monthly Rent to the Extent of Rs. 40,000/- P.M. for the First 3 year and if there is delay in completing the project then the Rental as per market rate at that point of time till the allotment of new flat. d. All members will also entitle to Rs 40,000/- as brokerage for purchasing property on rent. e. All members will also entitle to Rs 40,000/- as Moving Charges for shifting from property to rented property. Now the Following Tax queries about the receipt of funds are as under_ ? Whether amount receipt as Corpus Fund to Tenant Mr. A is Liable for Tax? ? Tax Treatment of Rent and other allowance received by the tenant? Query : 2. In the aforesaid Situation , Mr. A want to sell the said property to Mr. B and do exit from the property held by him in that situation following terms between the parties_ a. Mr. A Agrees to sell the said property to Mr. B at reckoner value i.e. 1,50,00,000/- of which Buying Cost is 50 Lacs. b. However while making the said transaction Mr. B puts an condition that all rights to receive from builder will also get transfer to him and duly agreed by Mr. A which lead to reduction in cost by 25,00,000/- and hence net payable by Mr. B to Mr. A is only 1.25 Cr. c. Further the entire rental and above other amenities shall be transferred to Mr. B. Now the Following Tax queries about the receipt of funds are as under_ ? Taxability in the hand of Mr. A on transfer of aforesaid transaction? ? Wha BY: R C Jain No answers yet View Answers | Post Answers |
| 19757 |
May. 22 2019 |
Ammendment of difference –
(GST)
How to amend the difference of Rs.393000 arising from submission of GSTR3B & GSTR1 for the FY:2018-2019 BY: CA Goutam Kar No answers yet View Answers | Post Answers |
| 19752 |
May. 20 2019 |
TDS challan adjustment –
(DIRECT TAXES)
We have deposited TDS mentioning Ass Year 2019-20 Can We use this challan for ass Year 2020-21 also BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 19754 |
May. 20 2019 |
108293 –
(TDS/TCS)
A medical practioner's society is arranging conference in a five star hotel. It is collecting Rs.10000 per participants for conference. Further it is arranging accommodation facility for participants at various hotels in a city and collecting amount as per standard of hotel. My query is whether TDS is applicable for payment to five star hotel for conference and payment to various hotels for accommodation. If yes at what rate BY: ATUL MUKUNDLAL TOSHNIWAL No answers yet View Answers | Post Answers |
| 19709 |
Apr. 25 2019 |
AMENDMENT U/S 44 AE –
(Profits & Gains of Business & Profession)
Pl. clarify applicability of Sec 44AE in view of amendment made by Finance Act 2018 for current F.Y. 18-19 i.e. A.Y. 2019-20.The amended section uses the words "gross vehicle weight or unladen weight as the case may be @ Rs. 1000/- per ton. Now, the R/C of a heavy Goods Vehicle(HGV) mentions both the weights i.e. Gross Vehicle weight 49 Tons and Unladen weight 12.2 Tons meaning thereby that the HGV can load maximum 36.8 Tons of Goods. Presumptive Income till March 18 was Rs. 7,500/-p.m. hence if Unladen Weight is taken it will be Rs. 12200/-per Truck p.m. but if Gross Vehicle Weight is taken it will be Rs. 36,800/- per Truck p.m. making it about 5 times more than of the present limit. You are requested to clarify why both the weights have simaltaneously been mentioned in the Section, which weight has to be considered for computing Income u/s 44AE and why the word as the case may be has been mentioned therein. As per new ITR form for A.Y. 2019-20, “TONNAGE CAPACITY” is being asked for the calculation of income u/s 44AE. Kindly clarify what should be the tonnage capacity in above case either 12.20 Tons or 36.80 Tons or 49.00 Tons ? BY: JAIN RITESH KUMAR No answers yet View Answers | Post Answers |
| 19708 |
Apr. 24 2019 |
Implication of Ind AS 115 for real estate developers –
(Profits & Gains of Business & Profession)
Wef FY 18-19, Ind AS 115 has replaced Ind AS 18 and 11. Most of the listed entities in real estate sector has shifted to product completion method instead of percentage completion method in respect of incomplete projects, as noted from their quarterly results. Most of them have recognised negative impact on their net worth as at 1.4.18. For FY 2018-19, real estate companies would be recognising revenue based on product completion instead of percentage completion. My query is, for income tax purpose, would such entities be required to prepare a separate books of account i.e. as per Percentage completion since, ICDS on Construction contracts permits only percentage completion or they can continue to use accounts prepared as per new revenue recognition standard? BY: Deepak Gupta No answers yet View Answers | Post Answers |
