Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 1601–1620
| Que. Id | Date | Description |
|---|---|---|
| 19340 |
Jul. 25 2018 |
Input credit eligibility –
(GST)
A company has installed wind mills during the past few years as a part of tax savings proposition, besides savings in power ( as the units generated through wind mills are set off in their consumption of power ); it has been paying AMC charges for the wind mill maintenance and upkeep. GST is being charged @ 18% on these AMC charges. can the company claim input credit on the GST paid on these AMC charges? BY: RAMACHANDRAN ASHOK No answers yet View Answers | Post Answers |
| 19335 |
Jul. 24 2018 |
Networking on PAN basis- CITY WISE –
(MERGER & ACQUISITION)
Qualified FCA with over 14+ exp (specialised in Ind-As/ IFRS- Advisory & Audits & ex-EY/KPMG) requesting to submit proposal on CITY-WISE basis across India to make better platform where no-one interrupt its present working & will be benefited from sharing knowledge and experitisation in certain areas.. Together we can make a professional working group.. Feel free to share your thoughts and expedite in sending your consent representing your city (as we would make one firm only from a city) and your valuable thoughts on this Journey. Ping me on whatsapp 9634706933 or email me on agrawal.anuj@icai.org BY: anuj agarwal No answers yet View Answers | Post Answers |
| 19331 |
Jul. 18 2018 |
RCM Tax –
(GST)
The understanding between seller and purchaser of goods is that seller will send the goods by lorry at the cost of the buyer. Seller collects transportation charges separately in the invoice and charges GST on that amount at the some rate as applicable to goods supplied. Seller engages a lorry and pays the equivalent amount to the transporter as freight. The question is whether the seller has to pay GST on freight charges paid by him under RCM. BY: Ethirajan No answers yet View Answers | Post Answers |
| 19329 |
Jul. 14 2018 |
Taxability of Receipt from Discretionary Family Trust –
(DIRECT TAXES)
Sir, A Trust is created on 17.04.2015 in the name of Mr. X Family Trust. Trustees are Mr A and Mrs A. Beneficiaries of the Trust are Mr X , Mrs X, Son of Mr X and Daughter of Mr. X. The Trust is Discretionary Trust. The Trust has been settled to hold assets settled in the Trust by the Settlor for the Beneficiaries. The Trustees shall distribute the whole or any part of the Trust Fund ( including Income, Assets and Properties ) to any of the Beneficiaries as specified in the Clause of the Trust Deed in such proportion and in such manner and at such time as the Trustees in their absolute discretion as they deem fit. Now, the Trustees are going to pay Rs.40000/- p.m. to the Mr. X , one of the Beneficiary of the Trust. QUERY: 1. Whether the sum Rs.40000/- p.m. shall be Taxable in the hands of Mr. X? If not , under which Section? 2. How will Mr. X will spent the sum received ? Whether it will be distributed among all Beneficiaries ? 3. Kindly let me know in detail about Taxability or otherwise. BY: AJAY JAIN No answers yet View Answers | Post Answers |
| 19327 |
Jul. 13 2018 |
PENALTY U/S.271D –
(DIRECT TAXES)
A director of private limited co has incurred revenue expenditure in cash on behalf of company to the tune of Rs.4 lakh. Whether Sec.269SS will be attracted and penalty will be levied? BY: ATUL MUKUNDLAL TOSHNIWAL No answers yet View Answers | Post Answers |
| 19324 |
Jul. 10 2018 |
SECTION 44AA –
(DIRECT TAXES)
A PARTNERS HAVING TOTAL INCOME FROM PARTNERSHIP IN FORM OF INTEREST AND REMUNERATION AND PROFIT IS IN EXCESS OF RS. 120000/- , FIRM IN WHICH HE IS PARTNER IS LIABLE FOR TAX AUDIT , WHETHER IT IS MANDATORY FOR THE PARTNER ALSO TO COMPULSORILY MAINTAIN BOOKS OF ACCOUNTS UNDER SECTION 44AA AS HIS INCOME FROM THE PARTNERSHIP FIRM IS MORE THEN RS. 120000/- AS PER CATEGORY D OF SECTION 44AA. BY: DEEPTI DHAKAD No answers yet View Answers | Post Answers |
| 19325 |
Jul. 10 2018 |
Interest on mortgage loan –
(DIRECT TAXES)
A person has taken mortgage loan against security of a building which is in his wife's name. He is claiming deduction under sec 80C as well as reducing his profits availing loss on House property. Whether this is possible? BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 19323 |
Jul. 09 2018 |
Taxability of maturity of UTI MEP –
(Capital Gains)
The amount received from UTI at the time of maturity of UTI - MEP after 36 months. Whether the same is exempt or taxable under which section. BY: AJAY JAIN No answers yet View Answers | Post Answers |
| 19318 |
Jul. 06 2018 |
Negative Sales –
(GST)
An asessee has not made any sales during April 18 to June 18 Quarter but is having sales return during June. How it should be shown in GSTR 3 B and GSTR-1 for June18 BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 19316 |
Jul. 05 2018 |
Java Based Utilities of ITR –
(DIRECT TAXES)
Downloaded ITR 3 and ITR 5 utilities from ITax Site are not opening . We are having Windows 10 Home 64 bit operating system . Java installed is 8 update 171. BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 19317 |
Jul. 05 2018 |
GIFT FROM HUF TO ITS KARTA –
(Income from Other Sources)
Please advice me, whether gift received from HUF by its KARTA is taxable or exempt. In view of definition of relative in sec. 56 of the Income Tax Act 1961, whether such gift received by KARTA of HUF from his own HUF, comes under the definition of relative and accordingly whether it is exempt? BY: MAHADEO VIRUPAX WALI No answers yet View Answers | Post Answers |
| 19315 |
Jul. 04 2018 |
TAKEOVER OF BUSINESS –
(GST)
a firm issued debit note of purchase return after takeover, how to issue credit note by seller in new firm after takeover as the earlier sale was made to old firm with old gstin. How to record credit note (on gst portal) in new firm? BY: pratik vora No answers yet View Answers | Post Answers |
| 19313 |
Jul. 03 2018 |
Monthly pension received by ex-employee of private organization –
(Income From Salary)
Does any form of monthly pension is exempt from tax? For example-pension received from employee pension scheme 1995 of EPFO is exempt or not? Further, accumulated payments received by employee from recognized provident fund is exempt from income tax... Please guide under which section the same is exempt. BY: arpit mudgal No answers yet View Answers | Post Answers |
| 19312 |
Jul. 02 2018 |
income tax return –
(DIRECT TAXES)
one of our client is engaged in non specified business. providing services to banks like verification of pan card, financial statements, it returns. for this he is paid some amount. banks/financial institutions are deducting tds u/s194j. it return is filed u/s44AD. now cpc is sending emails tds made u/s194j is not declared u/s44ada. since it is a business income, not a profession income. we disagreed. please guide us in this regard for filing it return.profit is up to 10/5 after meeting out all office expenses. is it ok to file return u/s44AD again this year. else tax liability will be more. BY: SURENDRA KSHEERASAGAR No answers yet View Answers | Post Answers |
| 19311 |
Jun. 30 2018 |
TURNOVER FOR AUDIT –
(GST)
WHICH TURNOVER TAKEN FOR GST AUDIT I.E. BASIC (WITHOUT GST) OR TOTAL TURNOVER (WITH GST). FOR EXAMPLE MY BASIC TURNOVER IS 1,85,00,000/- AND GST ON IT IS 51,80,000/- SO MY TOTAL TURNOVER IS 2,36,80,000/- . SO WHICH AMOUNT IS CONSIDER FOR UNIT TAKEN FOR AUDIT. RS. 1,85,00,000/- OR 2,36,80,000/-. BY: AJITKUMAR L PATEL No answers yet View Answers | Post Answers |
| 19308 |
Jun. 27 2018 |
Stock Audit Assignment –
(AUDIT)
Can a Statutory auditor of a bank take up the stock audit assignment of the same bank. BY: Ankit Kumar Agarwalla No answers yet View Answers | Post Answers |
| 19309 |
Jun. 27 2018 |
Oppurtunities for a newly startup practice –
(MISC.)
I have started my practice 8 months ago in Hyderabad ... is there any oppurtunity which i can crack like 1) Tender 2) Work on contract basis of any CA Firm 3) Any other ...which is beyond my knowledge Thanks in advance BY: MOHAMMED MASEEH UR REHMAN No answers yet View Answers | Post Answers |
| 19307 |
Jun. 25 2018 |
ANNUAL RETURN - LLP –
(Companies Act, 2013)
IS THERE A FORMAT FOR ANNUAL REPORTING FOR A LLP, (WITH NO STATUTORY AUDIT REQUITEMENT,) VIZ - BALANCE SHEET AND PROFIT AND LOSS ACCOUNT TO BE FILED WITH THE ROC, ALONG WITH SOLVENCY STATEMENT. BY: CA. BRINDA SHREE A No answers yet View Answers | Post Answers |
| 19301 |
Jun. 22 2018 |
Presentation under Schedule III of Companies Act 2013 –
(Companies Act, 2013)
As on 31st March 2018, the company has not received the subscription amount from the members. What should be the presentation of the subscription amount due from members in Schedule III, the company is not required to comply with IND AS..? BY: RAHUL RUSTAGI No answers yet View Answers | Post Answers |
| 19297 |
Jun. 21 2018 |
IPR SERVICE –
(GST)
Is leasing out License to trade in Liquor is to be classified as IPR services. If yes is GST rate 12?. BY: Ethirajan No answers yet View Answers | Post Answers |
