Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 1661–1680
| Que. Id | Date | Description |
|---|---|---|
| 19183 |
Apr. 24 2018 |
TRASFER OF LAND TO WIFE WAS TREATED AS SALE OF LAND BY AO –
(DIRECT TAXES)
Owing to dispute in family one land was transferred by husband to wife via a sale deed for which no consideration was paid. But because they executed a sale deed, AO issued a notice to wife to levy tax on the amount mentioned in the sale deed. Fact of the case is that there was no sale consideration involved in it. Now the case is with CIT (A). Whats the Solution. Any relevant case law. BY: RONAK AGARWAL No answers yet View Answers | Post Answers |
| 19184 |
Apr. 24 2018 |
MVAT –
(VAT/Sales Tax)
Under MVAT , What is the last date for issue of notice for Issue based Aduit and Full asseseement for 2014-15 and 2015-16 ? BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 19171 |
Apr. 20 2018 |
Input credit –
(GST)
A business man is paying for Freight on goods purchased from other state, Can he claim input credit on freight cartage paid to transporter? Further GST paid on installation of CCTV Cameras in ShopGodown for security purpose whether will be eligible for Input credit BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 19175 |
Apr. 20 2018 |
LLP with family members –
(MISC.)
Is there any specific permission required from icai in order to form a llp (to provide legal services other than any attest function e.g.tax , etc) with NON-ca partners family members? BY: anuj agarwal No answers yet View Answers | Post Answers |
| 19170 |
Apr. 19 2018 |
CA Certificate for Transfer of Input Credit on Lease –
(GST)
Greetings Forum and Thanks for previous responses. My Client has rented his total manufacturing Unit to other Company for running the Factory. My Client has undertaken some expansion of the Existing Manufacturing Unit and has some Input GST credits which is available in credit ledger from July to March 2018. His only Output credit is on Rental Income which is very less compared to Input GST credit of expansion Now my client wants to transfer the Input tax credit to the lessee. As per Sec 18(3) of CGST and Rule 41 of CGST Rules i need to issue a CA certificate. I want to know if there is any format for the same, if not what contents should be present and what other precautions checking should i take to give the certificate. Thank for your responses in advance. BY: CA. SANJEEV DESHPANDE No answers yet View Answers | Post Answers |
| 19167 |
Apr. 18 2018 |
Is utilization of credit of IGST possible against SGST and CGST only if there is IGST also payable? –
(GST)
During filing GSTR-3B, unable to set off CGST SGST liability from credit of IGST of previous months and current month. As per CBEC and GST helpdesk - Credit of IGST can be used against CS GST liability, Only if there is something output liabity of IGST. If no IGST liability then Credit of IGST can not be utilized for C S GST liability. Is it correct? BY: SUBHASH CHAND No answers yet View Answers | Post Answers |
| 19159 |
Apr. 17 2018 |
Tax Consequences –
(DIRECT TAXES)
A resident investor wants to invest 50perC in shares of Pvt Ltd, that Pvt Ltd is having 25perC shareholdings of NRI. What will be the better way for Pvt Ltd - 1) BuyBack 2)Loan taken and shares issued 3) something else BY: Pavankumar R. Nipanikar No answers yet View Answers | Post Answers |
| 19160 |
Apr. 17 2018 |
GST Reversal on goods lost by fire –
(GST)
Hi Goods worth of Rs.5 Crore got completed damaged in a fire accident. Whether GST CENVAT availed on those inputs to be reversed under GST regime as per section 17(5)(h) of CGST Act 2017? if so is there any method of calculating the same? BY: CA. BALASUBRAMANIAM P No answers yet View Answers | Post Answers |
| 19161 |
Apr. 17 2018 |
RCM& GST registration –
(GST)
a person not crossing turnover threshold taking GST registration due to receipt of Reverse charge applicable inward supplies, after taking registration need he pay tax on his outward supplies? or he is liable pay Tax only on RCM applicable inward supplies? BY: VARUN N No answers yet View Answers | Post Answers |
| 19163 |
Apr. 17 2018 |
12AA Trust Corpus –
(DIRECT TAXES)
Donation received by a 12AA Registered Trust. Should it be part of Corpus in bash or as Income in IE Account? BY: Chandravijay Shah No answers yet View Answers | Post Answers |
| 19154 |
Apr. 16 2018 |
Sec 44AD –
(DIRECT TAXES)
As per section 44AD, determined profit is deemed to be after deduction of depreciation and partners remuneration. In a given example if the taxable profit as per section 44AD is Rs 8 lacs. Can anybody suggest how to do reverse calculation to arrive at remuneration to partners to be offered to tax in their individual hands. BY: Ethirajan No answers yet View Answers | Post Answers |
| 19155 |
Apr. 16 2018 |
GST on sale of new car –
(GST)
What is the rate of GST on sale of newly imported car by a company? Company is not a dealer. IGST has been paid while importing the car. Whether this can be adjusted against GST liability on sale of same car. Whether any cess would apply on sale of new car? BY: GADE RANGA REDDY No answers yet View Answers | Post Answers |
| 19150 |
Apr. 15 2018 |
Section 234F –
(DIRECT TAXES)
As per section 234F the fee payable for late filing from Asst year 2018-19 based on Total Income. Total Income means before deduction under chapter VI A or after giving deduction under 80C etc. Please clarify? BY: ANAND B No answers yet View Answers | Post Answers |
| 19148 |
Apr. 14 2018 |
ITR –
(DIRECT TAXES)
Whether there is any wayout to file ITR for Previous year 2017-18, as in Last year budget timelimit was fixed to file ITR. BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 19149 |
Apr. 14 2018 |
GST FILING AFTER THE DEATH OF PROPRIETOR –
(GST)
X an individual running a proprietorship firm ABC enterprises. X dies, how the GST returns will be filed further. Spouse of X is ready to continue the business in her name, should we take fresh GST No in the name of spouse to continue the old business, and how the ITC carried forward in X own GST will be realized, and what will happen to the inventory in hand in X Ac. please explain. BY: pradeep kumar agrawal No answers yet View Answers | Post Answers |
| 19141 |
Apr. 11 2018 |
TDS Applicability –
(DIRECT TAXES)
An individual who is liable to get his account audited us 44AB because of his turnover exceeding threshold limit in the immediate preceding year is liable to comply with TDS provisions. I am of the view that this condition will not apply to an individual who gets his account audited us 44AB even though his turnover is less than the threshold limit prescribed for the reason that he is declaring net profit less than 8 prescribed us 44AD. Please confirm whether my view is right.. BY: Ethirajan No answers yet View Answers | Post Answers |
| 19137 |
Apr. 10 2018 |
Refund –
(GST)
What are the documentspapers required for claiming refund of excess cash in cash ledger after filing the rfd 01. BY: CA. AGARWAL ABHAY KUMAR No answers yet View Answers | Post Answers |
| 19138 |
Apr. 10 2018 |
APPLICATION UNDER SEC 119(2)(b) –
(DIRECT TAXES)
Is there any format available for application under sec 119(2)(b) BY: KOMAL APURV VORA No answers yet View Answers | Post Answers |
| 19130 |
Mar. 31 2018 |
GST input credit on passenger transport vehicle service received –
(GST)
Passenger transport vehicle services is provided by Contractor to Company. GST is charged @5. Whether company is eligible to avail set-off of such GST as Sec.17(5) disallows GST set off `in respect of motor vehicle. BY: ATUL MUKUNDLAL TOSHNIWAL No answers yet View Answers | Post Answers |
| 19121 |
Mar. 29 2018 |
IRDA and AMFI Registration –
(MISC.)
Can a CA participate in IRDA and AMFI Exam, and on successful completion of exam can CA take agency for general and life insurance and ARN code for Mutual funds? BY: Fenil Paresh Shah No answers yet View Answers | Post Answers |
