Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 141–160
| Que. Id | Date | Description |
|---|---|---|
| 21455 |
May. 07 2025 |
Creation of HUF –
(MISC.)
In the year 1997 i had created one HUF with the gift amount of Rs 5,100 from brother in law. I had drafted the Gift Deed on the stamp paper of Rs 2/-. Today we have to creat one new HUF. Please advise the compliance to be done BY: RAJEEV KUMAR No answers yet View Answers | Post Answers |
| 21452 |
May. 05 2025 |
RCM ITC In case of Restaurant Opted to Pay 5% on Restaurant Supply –
(GST)
A registered person runs a restaurant and a guesthouse on the same premises. The restaurant pays GST at 5% without ITC. Rent of ?60,000 is paid for both under a single bill, with GST under RCM at 18% (?10,800). In this case, which option is more suitable for claiming ITC for the guesthouse portion? Option 1: Based on the ratio of outward supply. Option 2: Specify separate rent for the guesthouse and restaurant in the rent agreement, obtain two invoices, and claim ITC of GST paid under RCM for the guesthouse rent. Suggestions are welcome! BY: SHABBIRALI ABBSBHAI CHAUDHARI No answers yet View Answers | Post Answers |
| 21453 |
May. 05 2025 |
082701 –
(GST)
We are sending free samples abroad Indian Rs Value around 24000- through Proforma Invoice. Whether IGST has to be paid If yes How this is to be mentioned in proforma invoice and reported In GSTR 1 and GSTR 3B BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21454 |
May. 05 2025 |
GST applicability on royalty charges for excavation –
(GST)
Dear Members, a client is paying yearly royalty of Rs.75,000 to the govt dept. for excavation of quarries. His annual turnover is around 10-12L. Is he liable to pay GST RCM on royalty charges? Does he needs to obtain GST Registration? If so, does he have to pay GST on his annual turnover also? Pls elaborate. BY: Ajith Kumar K No answers yet View Answers | Post Answers |
| 21451 |
May. 03 2025 |
Revocation of Cancellation of Registration –
(GST)
GST Registration is cancelled due to non-filing of GSTR 3B for December 24 quarter. Now even after filing GSTR 3B of December 24 quarter registration is not restored. Is it mandatory to file GSTR return of January 2025 to get registration restored (when quarterly filing is opted) ? BY: CA. SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21450 |
Apr. 30 2025 |
Change in Directorship of Private Limited Company –
(Companies Act, 2013)
Private Limited company having only two directors on Board, One of the Director expired, whether spouse (already shareholder) can be appointed in place, what's procedure for the same. I presume - Obtain DSC, --> DIN ---> Board Meeting ---> DIR 12 will suffice or General Meeting required or otherwise BY: CA. SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21449 |
Apr. 29 2025 |
Demerger –
(Compliance)
My proprietorship firm was merged in to another firm in 2020 but now i want to practice with my own trade name but wants to continue as partner in that firm. what procedure i have to follow? we have also entered in to partnership at that time in 2020? will it continue? or to enter in to new partnership? BY: PRATIK No answers yet View Answers | Post Answers |
| 21448 |
Apr. 24 2025 |
082701 –
(DIRECT TAXES)
if a NRI is having loss on house property in India can it adjust foreign salary income with it in Canada BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21447 |
Apr. 22 2025 |
082701 –
(GST)
While sanctioning GST refund Authorities are reducing Input on trading activities but not reducing GST output on such sales Which is not logical. Whether they are correct BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21446 |
Apr. 14 2025 |
Bank Audit Eligibility –
(AUDIT)
I have 6 years of experience in practice as a Chartered Accountant under a proprietorship concern. I am exclusively associated with my firm. A fellow CA, who is also exclusively associated, has 3 years of experience. We are not in a partnership—my firm is still registered as a proprietorship concern. As per the eligibility norms for empanelment of audit firms , under **Category IV**, it appears that a proprietorship concern can be eligible for bank audits with **2 CAs exclusively associated** with the firm, without needing to convert to a partnership firm. Can someone please clarify: - How can a proprietorship concern have 2 CAs exclusively associated, as required under Category IV? - Is it acceptable under ICAI/empanelment rules for a second full-time CA to be employed or associated in a proprietorship concern without converting into a partnership firm? - If the answer is to appoint as an employee, then can my friend continue with his Propeitorship Concer? Your insights would be appreciated! BY: JAY KUMAR KUMRANI No answers yet View Answers | Post Answers |
| 21445 |
Apr. 03 2025 |
Can part time partner sign audit report –
(MISC.)
I have a sole proprietorship firm and i am a partner in another partnership firm as well. I know that my status is not full time partner in the firm but my query is that being a part time partner in the firm, can I sign bank audit reports or other reports on behalf of the firm or not? BY: TRIBHUVAN ADITYA SINGH No answers yet View Answers | Post Answers |
| 21443 |
Apr. 02 2025 |
082701 –
(DIRECT TAXES)
Can a CA file TDS return of client under his DSC after adding himself as a key person BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21444 |
Apr. 02 2025 |
WEBSITE PROMOTED BY ICAI FOR CA FIRM IS DISABLED –
(MISC.)
Hi Everyone Till Last year we were able to see our website created via pdicai.org for chartered accountant which is now not working. Please let us know whether the above said services is discontinued by ICAI. BY: CA. M.I.M. AZAM No answers yet View Answers | Post Answers |
| 21440 |
Mar. 31 2025 |
Merger of CA Firms –
(MISC.)
If three CA Firms want to form a new CA Partnership Firm by merging of all CA Proprietorship Firms, the head of in charge should be oldest firm or any CA firm can be head in charge for applying Firm Name Approval. What form should be applied for approval of new firm name for merging the firms BY: AKHILESH KUMAR SHRIVASTAVA No answers yet View Answers | Post Answers |
| 21441 |
Mar. 31 2025 |
Year of accumulation in case of charitable trust –
(DIRECT TAXES)
Dear Professional collogues, What year i have to mention as year of accumulation in the following case. Financial year is 2017-18. Form 10 was filed on say 31-08-2018. Then what year is referred as year of accumulation whether it is 2017-18 or 2018-19. Thanks BY: ESWARAIAH Y No answers yet View Answers | Post Answers |
| 21442 |
Mar. 31 2025 |
GST registration –
(GST)
GST registration was earlier surrendered due to turnover fall below threshold. Now turnover is expected to cross threshold in coming year, in this situation, whether Fresh registration is to be restored from 01-April or from the date of crossing the threshold for turnover. Regards BY: CA. SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21439 |
Mar. 30 2025 |
082701 –
(MISC.)
Is it ok for a proprietor to purchase car in his name and bring it in his books giving credit to capital account. This has to be used in the profession use only BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21437 |
Mar. 28 2025 |
calculation of time limit u/s 11(2) of income tax act –
(DIRECT TAXES)
For FY 2017-18 unable to apply 85% of income, filed form 10 specifying the last date for accumulation as 31.03.2023. But AO states it should be applied latest by 31.03.2022. Whether he is correct. The remaining conditions are satisfied. Thank you BY: ESWARAIAH Y No answers yet View Answers | Post Answers |
| 21438 |
Mar. 28 2025 |
038118 –
(GST)
JOB WORK CAPITAL GOODS TO RETURN IN 3 YEARS Dear Experts For our pharmaceutical client, wherein equipments were send to job worker / Loan Licence sites it has been advised to get such equipments back max in 3 years else revese ITC availed quoting sections 143 & 16 According to Section 143 of the CGST Act, capital goods sent to a job worker must be returned to the principal within three years from the date of being sent out. If not returned within this period, it is deemed as a supply from the principal to the job worker, and GST is applicable. As per Section 16 of the CGST Act, you can claim ITC on capital goods sent to job workers, provided they are returned within the stipulated period. If the capital goods are not returned within three years, the ITC claimed may need to be reversed. while business manufacturing and job work agreement are continuing and can be supported with jobwork in and job work outward challans, still institing on physical movements is somewhat hard to belive Please suggest way out if any or physical take back and re-send is the only option BY: VIPUL JHAVERI No answers yet View Answers | Post Answers |
| 21436 |
Mar. 26 2025 |
Provisional Registration of trust expired –
(DIRECT TAXES)
Trust is provisionally registered for three years for the period 2023-24 to 2025-26. Trust activities started in 2023-24 but failed to apply for regular registration from 2023-24. Now which section is to be selected for applying 12A and 80G application as trust failed to convert provisional registration into regular registration ? BY: SACHIN INGAWALE No answers yet View Answers | Post Answers |
