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| 44423 |
Feb, 07
2023
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AUDIT - ( 013537 )
I had uploaded form 3cb and 3cd for A.Y.2022-23 on 18-09-2022 after generating UDIN & consumed the UDIN for original 3cb & 3cd. Some technical errors were noticed by the Dept. I wish to REVISE 3cb & 3cd correcting the defects I am not revising ITR. please clarify the following
1. whether new UDIN is to be Generated? If yes what is the date of audit report? whether it is original date or Revised date of reports?
BY: CA. JAIN JAWAHAR LAL
Total Answers : 1 | View Answers | Post Answers
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| 44422 |
Feb, 02
2023
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GST - ( GSTR 9C )
Dear All,
One person is having 3 businesses e.g. business A,business B & business C under same PAN.Client has not submitted GSTR 9C upto FY 2019-20 although aggregate turnover of that year exceeded Rs.5 Crs.But client has submitted seperate GSTR 9C from FY 2020-21 onwards in spite of individual turnover of all businesses doesn't exceed Rs.5Crs.
In the meantime client has received a notice from GST Dept. u/s 65 for conducting audit from FY 2017-18 to FY 2021-22 for business A.
Now the query is how to save client from penalty provisions for FY 2019-20 regarding business A ???
This is also to be noted that individual turnover of business A in FY 2019-20 was below Rs.5Crs.
Please guide us.
BY: SUDIP KUMAR MUKHOPADHYAY
Total Answers : 0 | View Answers | Post Answers
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| 44416 |
Jan, 28
2023
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GST - ( 082701 )
Whether GST refund on account of Services input @18% can be claimed now where output of goods is 5% under Inverted duty structure. This is applicable in case of Suppliers selling on Eportal like Amajon,Flipcart
BY: Mahesh Kumar
Total Answers : 1 | View Answers | Post Answers
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| 44417 |
Jan, 28
2023
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GST - ( 082701 )
Whether GST refund on account of Services input @18% can be claimed now where output of goods is 5% under Inverted duty structure. This is applicable in case of Suppliers selling on Eportal like Amajon,Flipcart
BY: Mahesh Kumar
Total Answers : 1 | View Answers | Post Answers
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| 44418 |
Jan, 28
2023
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MISC. - ( UNABLE TO VIEW MY APPLICATION HISTORY IN MCA V3 PORTAL )
Previous Forms in V2 portal not showing in My Applications of new V3 portal. I have created V3 login in October 2022 only. (MCA Help desk suggested to login with V2 credentials but, it sowing error of User already exist)and No Response from MCA for ticket raised. Provide and Solution for the issue.
BY: SRIKANTH TUMMANAPALLI
Total Answers : 1 | View Answers | Post Answers
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| 44419 |
Jan, 28
2023
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DIRECT TAXES - ( 241485 )
DTAA Applicability : We have received a service invoice from a company which is a resident of Germany. But the payment is required to be remitted to its bank account in UK. Which country DTAA we should refer? DTAA with Germany or DTAA with UK? Any notification/rules regarding this?
BY: Ajith Kumar K
Total Answers : 1 | View Answers | Post Answers
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| 44415 |
Jan, 27
2023
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GST - ( INPUT CREDIT FOR THE FY 2021-22 )
Assessee had opted for filling quarterly return. As per the 2B of Dec.'22 quarter, ITC of fy 2021-22 booked now by the supplier. Can it be taken by now as the 30-11-22 elapsed for taking credit for FY 2021-22
BY: SURAJ KUMAR CHOUDHARY
Total Answers : 1 | View Answers | Post Answers
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| 44413 |
Jan, 20
2023
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DIRECT TAXES - ( 082701 )
If We provide dates in filter on Incometax site Only challans paid in Dec 22 and Jan 23 appear While Challan of Nov 22 aappears in OLTAS CSI file Which file to upload while filing Quarterly TDS report .
BY: Mahesh Kumar
Total Answers : 2 | View Answers | Post Answers
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| 44414 |
Jan, 20
2023
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MISC. - ( TREATMENT OF PARTNERS CURRENT ACCOUNT )
One of our client who is a partnership Firm has filed its return of income u/s.44AD admitting 8% income on gross turnover. The partners have shared the gross receipts amount received in banks in their proportionate ratios.
Since the return is filed/s.44AD the share of profit from firm in partners books is less than what has been transferred from bank.
For Eg; Gross receipts Rs.1000000/-(Rs.5 lacs each transferred to 2 partners)
Share of profit is Rs.40000/- each only (8% of Rs.1000000/- offered u/s.44AD)
What is the treatment of the amount showing as excess credit in the books of the partners
BY: Parvathi
Total Answers : 2 | View Answers | Post Answers
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| 44411 |
Jan, 19
2023
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COUNCIL DECISION - ( USE OF CA LOGO )
A member who is completing 25 years in practice wants to hold a get together of all present & past article students. On this occasion he wishes to give small mementos to those who attend the event. Can he emboss the CA Logo along with his firm name on the mementos?
BY: BHALCHANDRA GANGADHAR KALE
Total Answers : 1 | View Answers | Post Answers
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| 44412 |
Jan, 19
2023
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GST - ( E INVOICE )
A seller liable for e -invoicing has not generated e - invoicing.
Kindly guide what is consequences for SELEER ?
Kindly guide what is consequences for PURCHASER ?
BY: samirkumar gokulbhai kasvala
Total Answers : 1 | View Answers | Post Answers
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| 44409 |
Jan, 18
2023
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DIRECT TAXES - ( TAX U/S 115QA-CHALLAN NO. AND MINOR HEAD )
Our Company has to pay tax on distributed income to shareholders on buy-back of shares u/s 115QA of the I. T. Act, 1961. Please guide which challan is to be used and which major head (tax applicable) and which minor head (Type of Payment) is to be ticked for payment of such tax online? In the PDF challan 280 downloaded from the I. T. Website, code 106 is Tax on distributed profits of Domestic Companies and code 107 is Tax on Distributed income to Unit Holders. None specify tax on distributed income to shareholders on buyback of shares. Please help so that there should not be mistake in payment.
BY: BHARAT KUMAR KEDIA
Total Answers : 0 | View Answers | Post Answers
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| 44406 |
Jan, 14
2023
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GST - ( NEGATIVE LIABILITY GST -COMPOSITION SCHEME - SERVICE PROVIDERS )
Sir,
I am a Practicing CA under Composition scheme and a Negative liability has arisen due to error in non reporting of the Out put service value in the Annual return 2020.21.
The related credit not availed .
In order to set off the Negative liability ,I had voluntarily declared higher tax due than the actual tax due in CMP08 of third Quarter 2021.22 .The Actual tax was paid .
Annual return for 2021.22 was filed and there was an Error Message in GSTR 4 for 2021.22 ,directing me to declare appropriate Out put service value in consonance with the Tax due shown in CMP 08 third quarter.
The said error message occurs even after the GST Dept has adjusted all negative liabilities for all Assessees
Pl guide how to solve this issue ?
BY: A.Jeevanantham
Total Answers : 1 | View Answers | Post Answers
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| 44407 |
Jan, 14
2023
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DIRECT TAXES - ( AUDIT U/S 44AB )
One thing I want to know what will happen ,if turnover is below 1 cr and profit is less than 8%/6%,then tax liability would be huge if there is no audit u/s 44AB . What will be the course of action then ??
BY: SUDIP KUMAR MUKHOPADHYAY
Total Answers : 4 | View Answers | Post Answers
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| 44405 |
Jan, 12
2023
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MISC. - ( 254311 )
Hi
Can only one form 15CB issued for making single payment against more than one invoice (date of deduction of TDS is different for each invoice)?
BY: SANTHOSH K L
Total Answers : 0 | View Answers | Post Answers
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| 44404 |
Jan, 09
2023
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MISC. - ( CA NAME BOARD )
As per our CA Ethics, what is the size of name board that can be displayed outside the office? A complaint raised by another CA against me. He is not a wellwisher.
My office situated in a 6 storied govt. Building, so for appropriate visibility I fixed a board without any glowing lights,etc I completely read the ethics but I can't found any measurement of board size.It is better to reduce the size or keep it as it is. Please answer as soon as possible.
BY: PRASANNA M
Total Answers : 3 | View Answers | Post Answers
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| 44402 |
Jan, 07
2023
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DIRECT TAXES - ( 082701 )
Utility to upload Form 15H is not validating Section code in Income details file. This defect is there since Last year and has not been fixed by Income tax deptt/Co having prepared theutility (perhaps Infosys) Writing to Incometax helpdesk has not helped either. They close the querry after raising certain questions(
BY: Mahesh Kumar
Total Answers : 0 | View Answers | Post Answers
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| 44398 |
Dec, 31
2022
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DIRECT TAXES - ( 139(9) & 234A )
Filing return under 139(1) in time and due to defect notice , assessee responded notice and file ITR U/S 139(9). Can authority charged interest u/s 234A ? Sec 234A specifically mentioned return not filed u/s 139(1) & 139(4). Any case law available to get waiver of interest U/S 234A for filing return u/s 139(9).
BY: CA. CHAVAN TRUPTI GAJANAN
Total Answers : 2 | View Answers | Post Answers
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| 44399 |
Dec, 31
2022
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DIRECT TAXES - ( 139(9) & 234A )
Filing return under 139(1) in time and due to defect notice , assessee responded notice and file ITR U/S 139(9). Can authority charged interest u/s 234A ? Sec 234A specifically mentioned return not filed u/s 139(1) & 139(4). Any case law available to get waiver of interest U/S 234A for filing return u/s 139(9). Even tax was paid on due date while filing return u/s 139(1).
BY: CA. CHAVAN TRUPTI GAJANAN
Total Answers : 0 | View Answers | Post Answers
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| 44400 |
Dec, 31
2022
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DIRECT TAXES - ( 212760 )
As per the latest provisions of the Income-tax Act we cannot file belated/revised IT return for the AY 2022-23 after 31.12.2022 but we can file the ITR for the same period only after 1st April, 2023 under Updated Return U/s. 139(8A) Category. If any one wants to file the revised/belated return for the AY 2022-23 in between 1st January, 2023 to 31st March, 2023, whether any option is there to file the same..?
BY: santhoshreddy.m
Total Answers : 3 | View Answers | Post Answers
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| 44401 |
Dec, 31
2022
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DIRECT TAXES - ( 212760 )
If a person is deducted TDS on interest amount of Rs. 1,00,000 @ Rs. 10,000 on fixed deposits made with the bank in the FY 2021-22. He is not having any other income except the interest earned amounted to Rs. 1,00,000/-. His case is reported in Form 26AS & AIS. Whether he is required to file the ROI since TDS is deducted..? If he does not file the return for the AY 2022-23 what will happen..?
BY: santhoshreddy.m
Total Answers : 3 | View Answers | Post Answers
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| 44396 |
Dec, 27
2022
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DIRECT TAXES - ( 082701 )
A person having income less than 2.5 lacs files income tax return in January 23 for Fin Year 2021-22. He shall not have to pay late fees. Am I correct
BY: Mahesh Kumar
Total Answers : 4 | View Answers | Post Answers
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| 44397 |
Dec, 27
2022
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DIRECT TAXES - ( 082701 )
A person having income less than 2.5 lacs files income tax return in January 23 for Fin Year 2021-22. He shall not have to pay late fees. Am I correct
BY: Mahesh Kumar
Total Answers : 1 | View Answers | Post Answers
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| 44391 |
Dec, 24
2022
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GST - ( CANCELLATION OF NEW REGISTRATION )
GST registration was obtained in TCS category instead of taxpayer category. How to cancel the same and obtain afresh registration as taxpayer category? Currently option to cancel or surrender is not available under Registration tab of the GST portal.
BY: SURAJ KUMAR CHOUDHARY
Total Answers : 0 | View Answers | Post Answers
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| 44392 |
Dec, 24
2022
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TDS/TCS - ( 082701 )
TDS Payments made during Oct and Nov 22 were being confirmed by OLTAS but payment during Dec 22 is being verified by Income Tax site. Will not there be problem while filing TDS return for Oct to Dec 22 Quarter.
BY: Mahesh Kumar
Total Answers : 1 | View Answers | Post Answers
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| 44387 |
Dec, 21
2022
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Capital Gains - ( EXEMPTION U/S 54/54F FOR SELF CONSTRUCTED RESIDENTIAL HOUSE )
if new self construction property completed (OC Received) within 1 year before sale of old property, can we consider it as "purchase" and claim exemption
or
provision is silent on before construction property (specifically mentioned construction should be completed within 3 Years after sale of property) and claim exemption.
Any case law available in such scenario
BY: CA. CHAVAN TRUPTI GAJANAN
Total Answers : 1 | View Answers | Post Answers
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| 44388 |
Dec, 21
2022
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MISC. - ( CERTIFICATE FOR ESTIMATED COST OF PROJECT )
Please guide me whether a CA can issue cartificate for ESTIMATED cost of project. Estimated cost includes Land and Building, Plant and Machinery and Misc exp. The client has to submit this certificate for pollution control Board .
If CA can issue certificate then what are documents and details which should be obtained from the client.
BY: samirkumar gokulbhai kasvala
Total Answers : 1 | View Answers | Post Answers
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| 44389 |
Dec, 21
2022
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GST - ( CHANGE IN GST REGISTRATION APPLICATION TYPE )
Fresh GST registration was wrongly applied as Tax Collector, application is still pending for processing. How we can modify the application as General Taxpayer. Otherwise GST authority may register the same and a fresh registration is to be applied.
Regards
BY: SURAJ KUMAR CHOUDHARY
Total Answers : 0 | View Answers | Post Answers
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| 44385 |
Dec, 14
2022
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DIRECT TAXES - ( 118411 )
Section 2(22)(a) states that any distribution by a company of accumulated profits, whether capitalised or not, if such distribution entails the release by the compnay to its shareholders of all or any part of the assets of the Company,
My question " whether will dividend and capital gain tax or only capital gain tax be applicable in the case of conversion of a company into LLP?"
BY: KETAN SHETH
Total Answers : 0 | View Answers | Post Answers
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| 44379 |
Dec, 07
2022
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SME - ( IRRCOVERABLE DUES )
The client is registered under Udyam aadhar and GST.
The client has sold goods but customer is not paying the due amount. The cheque received from customer is dishonoured . The client has issued Invoice, uploaded on GST portal, issued E way bill.
Kindly guide whether remedy is available under Udyam aadhar registered person or any other alternative for recovering due .
BY: samirkumar gokulbhai kasvala
Total Answers : 1 | View Answers | Post Answers
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| 44380 |
Dec, 07
2022
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DIRECT TAXES - ( CASH RECEIPT )
The Tax payer is selling goods with Invoice and uplaidng invoice in GST portal . The customer is paying by cash only.
Kindly guide whether is there is restriction in accepting cash and any limit.
BY: samirkumar gokulbhai kasvala
Total Answers : 3 | View Answers | Post Answers
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| 44378 |
Dec, 04
2022
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MISC. - ( DISSOLUTION OF CA FIRM WHILE KEEPING ITS NAME BY ONE PARTNER. )
Sir,
I am CA Avinash Gupta partner in M/S Avinash K Gupta & Co. Our Firm have 4 partners and now we all partners mutually agree to discontinue our partnership firm. We also agree that our firm i.e. Avinash K Gupta & Co. to be continue by CA Avinash Gupta under the same name and FRN Number.
I want to ask the procedure to dissolve our firm so that firm can continue by CA Avinash Gupta. Please provide details regrading forms and other procedures that we have to file to SSP Portal.
BY: CA. GUPTA AVINASH
Total Answers : 1 | View Answers | Post Answers
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| 44376 |
Sep, 22
2022
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DIRECT TAXES - ( DSC FOR PASSWORD CHANGE )
A cooperative society has procured New DSC in the name of Secretary who has recently joined. While resetting password of Society , message appears DSC of previous secretary's PAN required. How to fix this problem
BY: Mahesh Kumar
Total Answers : 0 | View Answers | Post Answers
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| 44377 |
Sep, 22
2022
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DIRECT TAXES - ( DSC FOR PASSWORD CHANGE )
A cooperative society has procured New DSC in the name of Secretary who has recently joined. While resetting password of Society , message appears DSC of previous secretary's PAN required. How to fix this problem
BY: Mahesh Kumar
Total Answers : 0 | View Answers | Post Answers
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| 44374 |
Sep, 20
2022
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DIRECT TAXES - ( TDS MATTERS )
A reality co has demanded full and final payment 2500000-from an applicant. It has credited Interest for late posession
Rs 22500-(25000--2500 TDS)
Should asessee deduct TDS on 2500000- or on 2477500-(2500000-22500) Net payable amount
BY: Mahesh Kumar
Total Answers : 2 | View Answers | Post Answers
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