You can add further comments to your query by clicking on "Add Comment".
This link will appear only, if you are logged-in with your user id and password. The same will appear as
"Querist Comment" on the Forum.
Click here to Post your Query >>5983 unanswered question(s) — Showing 361–380
| Que. Id | Date | Description |
|---|---|---|
| 21230 |
Mar. 26 2024 |
073048 –
(MISC.)
I want to receive daily newsletter on my mail BY: Satyanarayan No answers yet View Answers | Post Answers |
| 21229 |
Mar. 21 2024 |
082701 –
(DIRECT TAXES)
Can We retain our Proprietorship firm and become part of CA Network or LLP BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21228 |
Mar. 19 2024 |
532589 –
(GST)
A Private Ltd Company has 2 GSTIN in different states. In Delhi, they are dealing in trading of agricultural equipments and is mainly importing the goods. In Haryana, they are dealing in manufacturing of steel products. They have excess ITC balance in Haryana and almost every month, they pay GST liability in Delhi. Now, they want to sell the old obsolete stock from Delhi. Now, my question is whether how they can utilise the excess ITC Balance of Haryana in a legal way to set off the liability in Delhi GSTIN. Is there any legal channel to save the working capital of the company? I f yes, then please let me know. Thanks in advance. BY: HARSHIT BANSAL No answers yet View Answers | Post Answers |
| 21226 |
Mar. 16 2024 |
PROFESSIONAL ETHICS –
(MISC.)
Whether CA in Practice can do Intraday trading of equity shares for himself or if required to take permission from Institute. BY: ASHISH SINGH No answers yet View Answers | Post Answers |
| 21227 |
Mar. 16 2024 |
GST registration –
(INDIRECT TAXES)
Dear Forum, A firm is providing health care services and hence the firm did not apply for GST registration as the health care services are exempt from GST. But the firm wants to sell an old medical equipment. Whether the Firm should apply for GST registration? Turnover from the health care services is of Rs.80 Lakh. Thanks in advance. BY: CA. MADAGALA VENKATA RAMANA No answers yet View Answers | Post Answers |
| 21225 |
Mar. 08 2024 |
COMMUNICATION TO PREVIOUS AUDITORS –
(Compliance)
SIR, IF EMAIL IS SENT (as provided in covid period) to Previous Auditor, is sufficient compliance or to be sent by Regd AD/Manual only. Please clarify CA. Veerendra Murashillin Hubballi BY: CA.veerendra.T.Murashillin No answers yet View Answers | Post Answers |
| 21224 |
Mar. 06 2024 |
Contents of Interim Audit Report –
(CORPORATE & OTHER LAWS)
We have conducted a complete audit of the interim accounts for the period Apr 23 to Dec 23 of a company which is putting it's paper for IPO. Our query is whether the interim audit report to be issued should cover and report on all the matters and clauses of the CARO? If not, which matters should be specifically covered and reported in the interim audit report? BY: Harpreet Singh Ghai No answers yet View Answers | Post Answers |
| 21222 |
Mar. 05 2024 |
082701 –
(GST)
An asessee purchases Yarn, Gets fabricated through a unregistered Fabricator . It itself does not have machinery as such.Is it practically possible to claim GST Refund I?t is not filing Jobwork Returns also BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21223 |
Mar. 05 2024 |
082701 –
(DIRECT TAXES)
A cooperative Society was issued Intimation under Sec 143(1) with demand for Rs 3 Lacs app .for Previous year 2013-14 in 2015 It was not replied/appealed against. Two years back they again received Demand asking for confirmation of demand . Party requested to allow revision of ITR stating It was a clerical error pf entering status o Copperative Society as Cooperative bank Hence Deduction of Sec 80 P was not allowed in intimation order This year again demand notice was issued and grievance was raised again asking for revision i ITr permission Now ITO of the Jurisdiction has asked to file appeal to CIT Appeal ,NFAC BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21220 |
Mar. 04 2024 |
Notice u/s 143(1)(a)(ii) - Salary –
(DIRECT TAXES)
How to respond to the ITD intimation seeking clarification with proposed adjustment of standard deduction (proposed disallowance) in Salary Case, wherein the same was arrived automatically from the utility. Assessee is also having Capital Gains, Business income, other income. Return is filed under old regime BY: SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21221 |
Mar. 04 2024 |
Notice u/s 143(1)(a)(ii) - Business / Profession –
(DIRECT TAXES)
How to respond to the ITD intimation seeking clarification with proposed adjustment of all Chapter VIA deduction (proposed disallowance) in 44ADA Case, wherein the same was correctly inserted in appropriate colomn in the utility. Return is filed under old regime BY: SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21219 |
Mar. 01 2024 |
TDS DEDUCTED AT 20% DUE TO INVALIDATION OF PAN –
(TDS/TCS)
One person has not linked his pan to aadhar card and due this reason his pan was inoperative. He has not a return filer. So he missed to link. Now he has came into a contract of property of property sale. In that section 194QB has been applicable. The deductor has made the TDS at 1%. But due to inoperative of pan the deductor has received demand notice of 19% amount i.e.(20%-1%). The deductor has deposited some amount against the demand amount. Now we have checked the 26AS of deductee the amount are reflecting in 26 AS. In 26AS part IV column demand payment for 1% amount it is showing as NO and in second row it is showing as demand amount yes. Whether we can claim that 20% deducted amount in our return of income which was due to inoperative of pan. Now the client has linked pan to adhar. BY: MAHADEO VIRUPAX WALI No answers yet View Answers | Post Answers |
| 21218 |
Feb. 23 2024 |
Taxability of the Investment Reg. –
(DIRECT TAXES)
Dear Collegue, Please clarify the following Query:- A Trust Registered under the Income Tax has filed Form No.10 indicating that the Funds were set apart towards Purchase of Land and Construction of Building for the Trust during the year 2019. However the Trust could not accumulate enough funds to acquire a Land The Five year time limit expires as on 31st March 2024. What is the Remedy available to the Trust? Whether the amount set apart is Taxable as the Trust could not comply with as per Form No.10 filed before the Income Tax Authorities. A.S. Raman BY: A S RAMAN No answers yet View Answers | Post Answers |
| 21217 |
Feb. 19 2024 |
Capital Gain on Development Agreement –
(Capital Gains)
Landowner has registered Development Agreement with Developer for area sharing basis in FY. 2023-24. The landowner and Developer will receive 6 and 8 flats respectively in the newly constructed building. The building is proposed to be completed in FY. 2025-26. If Landowner received booking amount towards some of the flats in newly constructed building. e.g. For 1st flat (Consideration - 35.00 Lacs) - Received Rs. 5.00 Lacs in FY. 2023-24. For 2nd Flat (Consideration - 35.00 Lacs) - Received Rs. 5.00 Lacs in FY. 2024-25. 1) Whether section 145(5A) applicable? 2) In which year, capital gain on land is taxable? - in FY.2023-24, 2024-25 or 2025-26? 3) The amount on which capital gain is taxable? BY: NAMRATA VIMALCHANDRA KASLAY No answers yet View Answers | Post Answers |
| 21216 |
Feb. 17 2024 |
082701 –
(DIRECT TAXES)
A cooperative society has received a demand notice demanding Rs 6 Lacs app 3 Tax+3 Interest for Ass Year 2014-15 Pr Year 2013-14 This demand was made around three years back also when it was requested to allow Revised ITR for same year but did not hear from them After this for two years Refund was also issued by Deptt Now they have raised fresh demand and withholding last year refund also Whether revised return for same year can be filed now without deptt permission BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21214 |
Feb. 16 2024 |
Gst on Supply of water through Tanker –
(GST)
Whether Gst applicable on borewell Water supply through water Tanker to public and for construction related work?? BY: Ninad Prataprao Shete No answers yet View Answers | Post Answers |
| 21215 |
Feb. 16 2024 |
Income Tax –
(DIRECT TAXES)
An Indian citizen working in foreign embassy in India. Whether the salary is taxable. Embassy is not deducting any TDS for the salary paid to its employee. BY: Shobhit Bansal No answers yet View Answers | Post Answers |
| 21213 |
Feb. 14 2024 |
Provisional Financial statements –
(Companies Act, 2013)
can we as CA Sign Provisional financial statements for Apr 2023 to Dec 2023. We have verified details and docs. BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 21212 |
Feb. 10 2024 |
082701 –
(GST)
A cloth manufacturing firm does trading also of certain goods having different HSN. GST on cloth is 5% and on yarn is 12% How to calculate Inverted Turnover for the purpose of refund Whether it should be calculated from turnover only or input value of different HSN's will also be considered assuming input comprising of different HSN is sold BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21211 |
Feb. 06 2024 |
082701 –
(DIRECT TAXES)
Goods purchased from MSME .Payment made after 90 days but within same financial year. What will be affect in view of Sec 43 B(h) After Tax auditor pinpoints this whether Interest payment will be payable @three times of bank rate BY: Mahesh Kumar No answers yet View Answers | Post Answers |
