Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 1701–1720
| Que. Id | Date | Description |
|---|---|---|
| 18994 |
Jan. 12 2018 |
U/s.9(4) Exemption –
(GST)
"NN.38_2017 CT(R)..... 2. The exemption contained in the notification No. 8_2017-Central Tax (Rate) dated the 28th June, 2017 as amended by this notification shall apply to all registered persons till the 31st day of March, 2018" Does the exemption has retrospective effect from "the Appointed Day" or prospective only? Thanks in advance BY: SHRIKANT KULKARNI No answers yet View Answers | Post Answers |
| 18995 |
Jan. 12 2018 |
GST on Freight –
(GST)
I Imported goods on Ex-Nhava sheva basis. shall I be liable to pay IGST on freight? BY: SHRIKANT KULKARNI No answers yet View Answers | Post Answers |
| 18976 |
Jan. 02 2018 |
HUF on death of a member –
(DIRECT TAXES)
A HUF consisting of Husband, Spouse and minor child. What will be the consequence of HUF on expiry of one of the major member? Can the same be continued with minor child or is to be partitioned? BY: SURAJ KUMAR CHOUDHURY No answers yet View Answers | Post Answers |
| 18977 |
Jan. 02 2018 |
GST paid on Mobile/LED –
(GST)
Whetrher Gst charged by Seller on TV and mobiles will be eligible for Input credit. BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 18973 |
Jan. 01 2018 |
CA in practice can become a partner in a LLP –
(COUNCIL DECISION)
Dear Admin, Kindly let me know whether a CA in practice can become a partner in a LLP which carries on managment consulting business? If yes then whether specific permission from council is required or not? Thanks Regards CA Shanavas BY: SHANAVAS SP No answers yet View Answers | Post Answers |
| 18970 |
Dec. 30 2017 |
Charitable Trust Formation –
(OTHER BODIES)
What is the process for creation of a Private Charitable Trust for the purpose of welfare and religious activities. BY: Anuj Kumar Khaitan No answers yet View Answers | Post Answers |
| 18969 |
Dec. 29 2017 |
Best judgement asessment by Asessing Officer –
(DIRECT TAXES)
ITO had issued notice to an asessee asking for Cash deposit explanation in his Bank account amt aroung Rs 275000- in 2010-11.When ITO did not receive any reply from asessee even after sending more notices, he with permission from incometax commisioner made best judgement asessment demanding around 36000- treating above deposit as unexplained investment. Further he has asked why penality for concealment should not be imposed on him demanding his presence once again. In such circumstances what should be done The asessee has informed us cash amount was received from his father who was a small shopkeeper not alive now. BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 18963 |
Dec. 27 2017 |
GST-1 return –
(GST)
Can we revise GST-1 return? and is there any provision under GST in respect of Revising Return? BY: sushant No answers yet View Answers | Post Answers |
| 18964 |
Dec. 27 2017 |
VALUATION AND ACCOUNTING FOR INVESTMENT IN MF –
(MISC.)
PLEASE SUGGEST ACCOUNTING FOR INVESTMENT IN MUTUAL FUNDS AND ITS VALUATION ON BALANCE SHEET DATE. IS IT REQUIRED TO VALUE MUTUAL FUNDS AT FAIR VALUE ON DAILY BASIS OR ONLY AT BALANCE SHEET DATE? WHAT IS THE APPLICABLE ACCOUNTING STANDARD? BY: GADE RANGA REDDY No answers yet View Answers | Post Answers |
| 18965 |
Dec. 27 2017 |
Applicability of GST on Flats constructed under development agreement –
(GST)
I am a land owner. I have given my land to builder under development agreement for construction of flats. Let us assume total 10 flats constructed by builder on that land with his own cost and gave 4 flats to me as per the agreement in exchange of land. Now i have 4 flats in my hand in lieu of land. What is the applicability of GST in my hands and rate of gst? What is the applicability of GST to the builder and rate of GST? BY: GADE RANGA REDDY No answers yet View Answers | Post Answers |
| 18966 |
Dec. 27 2017 |
Taking GST input on Freight charges and Cab charges –
(GST)
If i pay 12 GST on Freight charges and car rentals under RCM, am i eligible to take it as credit under GST? BY: GADE RANGA REDDY No answers yet View Answers | Post Answers |
| 18961 |
Dec. 26 2017 |
COMPOSITION TAX –
(GST)
My client has opted for composition scheme under seciton 10. His purchases also includes inter state purchase. However his supply is intra-state only. Does this disqualify him as compisiton dealer? BY: Kamlesh Panjwani No answers yet View Answers | Post Answers |
| 18955 |
Dec. 23 2017 |
POINT OF SALE (REAL ESTATE BUILDERS) –
(GST)
MY QUERY IS WHAT IS THE POINT OF SALE IN CASE OF REAL ESTATE BUILDER, WHETHER BOOKING ADVANCE PERIODICALLY RECEIVED FROM CUSTOMER IS TAXABLE IN THE MONTH WHEN IT IS RECD, OR SHOULD WE CALCULATE IN FINAL WHEN THE FLAT IS DELIVERED TO THE OCCUPANTS. FOR EX IF X RECEIVES RS 1.00 MONTHLY, THEN WHETHER WE NEED TO PAY ON 1.00 GST @ 12 MONTHLY OR SHOULD IT BE PAID FINALLY AT THE TIME OF TAKING DELIVERY OF FLAT BY: pradeep kumar agrawal No answers yet View Answers | Post Answers |
| 18957 |
Dec. 23 2017 |
Transitional Credit of cess u/s 140(3) –
(GST)
Sir, This is regarding transitional credit on stock. I have duty paying invoices available with me. Can the credit of Education Cess, Auto Cess, Infrastructure Cess be availed under section 140(3) (Table 7A of TRAN-1)? BY: S A BHANDARI No answers yet View Answers | Post Answers |
| 18952 |
Dec. 21 2017 |
GROUP REGISTRATION -UAE VAT –
(VAT/Sales Tax)
Our company is registered with UAE Federal Tax Authority on a Tax Group basis along with other group companies and received Tax Registration Number. All of our group companies are doing taxable supplies ( rent a car and workshop for group support ) except our company which are proving exempt supply (Public Transport- Transport passenger by Taxi). Our supply alone constitutes 50 of the entire supply of the group. Substantial amount of input tax credit is applicable to other group companies as they are purchasing vehicles in bulk for rental purpose. Will it be beneficial or detrimental to the group by including an exempt company in the tax group as Input credit of the entire group will be reduced proportionately to the extent of exempt company’s share of turnover? BY: CA. RAJESH K SEBASTIAN No answers yet View Answers | Post Answers |
| 18953 |
Dec. 21 2017 |
Two Proprietorship firms –
(COUNCIL DECISION)
Can a practicing CA have two proprietorship firms, one proprietorship firm would be in the name of Wife and second firm in his own name. Both will be providing Chartered Accountants services. BY: Mitul Makwana No answers yet View Answers | Post Answers |
| 18945 |
Dec. 20 2017 |
ITR of AOP Trust not Registerd u.s 12AA –
(DIRECT TAXES)
Indian Academy of Association, 1. It’s a Registered Society with the Registrar of Societies 2. Having PAN as AOP – Trust 3. The Society is not Registered us 12AA of the Income Tax Act S.No. Financial Year A.Y. Particulars 1 2012-13 13-14 The ITR is filed as Business Income Receipts Rs. 255500- Expenses Rs. 190765- Net Surplus Rs. 64735- 2 2013-14 The ITR is filed on 31.03.2016 online Receipts Rs. 311930- Expenses Rs. 269456- Surplus Rs. 42474- 1. ITR was Wrongly filed as Registered us 12AA and filed Audit Report in Form 10B 2. Notice us 139(9) dated 28.04.16 issued for claim of Sec 11 3. Order us 143(1) dated 11.10.16 issued having demand of Rs.145760- assessed as AOP - Trust 4. The same did not give Basic Exemption of Rs 250000- for AOP 5. Rectification us 154 was filed online on 21.04.17 6. Rectification Rejection Order issued on 25.04.17 stating that,” the assessee has not provided Registration details us 12A 12AA. Hence Deduction us 11 is not allowed. Due date 31.07.14 3 2014-15 15-16 The ITR is filed on 31.03.2016 online Receipts Rs. 324894- Expenses Rs. 322385- Surplus Rs. 2508- 1. The ITR was Wrongly filed as Registered us 12AA and filed Audit Report in Form 10B 2. Notice us 139(9) dated 27.04.16 issued for claim of Sec 11and TCS 3. Notice us139(9) Reminder dated 14.07.16 and dated 30.01.17 again issued stating no Audit flag and TDS Income is not matching 4. Order us 143(1) dated 30.03.17 issued having demand of Rs.133190- assessed as AOP - Trust 5. The same did not give Basic Exemption of Rs 250000- for AOP 6. Rectification us 154 was filed online on 21.04.17 7. Rectification Rejection Order issued on 25.04.17 stating that,” the Income disclosed in the ITR is not commensurate with the receipts for which TDS is made. The case is transferred to the Jurisdictional AO. Due date 31.07.15 4 2015-16 16-17 The ITR is filed on 01.04.2017 online Receipts Rs. 247842- BY: AJAY JAIN No answers yet View Answers | Post Answers |
| 18951 |
Dec. 20 2017 |
Effect of gap in COP on Proprietor Firm –
(MISC.)
Hi, If a proprietor want to surrender the COP for 1 Year, He will take it again after 1 year. What will be its effect on Proprietors Firm. Whether its previous experience will be counted in future or not? Whether, the firm with same name can be revived? What will happen of empanelments? Can he keep alive the proprietor firm with part time COP ? What will be effect of it on FCA status of CA ? Can someone please clear my above doubts. It will be a great help. BY: Apoorva Jain No answers yet View Answers | Post Answers |
| 18943 |
Dec. 20 2017 |
Manufacturer of Sweets & Bakkery is supply of goods or services ? –
(GST)
As per schedule II para 6(b) supply, by way of or as part of any service or "in any other manner whatsoever", of goods, "being food or any other article for human consumption or any drink" (other than alcoholic liquor for human consumption), where such supply or service is for cash, deferred payment or other valuable consideration.. Based on the above provision whether a sweets manufacturer(mithaiwala) supplying services ? BY: Anit Mohapatra No answers yet View Answers | Post Answers |
| 18942 |
Dec. 18 2017 |
GUIDLINES TO SETUP MANAGEMENT CONSULTANCY COMPANY –
(COUNCIL DECISION)
HOW CAN A PRACTISING CA CAN SETUP MANAGEMENT CONSULTANCY COMPANY (MCC)?? FURTHER, CAN HE TAKE SALARY FROM BOTH MCC AND CA FIRM WHERE HE IS PARTNER ?? BY: RAVI KUMAR NAGPAL No answers yet View Answers | Post Answers |
