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Click here to Post your Query >>5983 unanswered question(s) — Showing 401–420
| Que. Id | Date | Description |
|---|---|---|
| 21188 |
Dec. 22 2023 |
Audit u/s 44AB –
(AUDIT)
Hi, As the due date of audit is over and UDIN can't be generated prior to the due date now. What's will be the consequence of filing it now with Audit date is after the due date. BY: SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21189 |
Dec. 22 2023 |
Belated Audit Report –
(CORPORATE & OTHER LAWS)
Hi, As the due date of Company audit is over and UDIN can't be generated prior to the due date of AGM now. What's will be the consequence of filing it now with Audit date is after the AGM due date. BY: SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21187 |
Dec. 19 2023 |
Taxability of gst on export of service transaction –
(GST)
Good morning sir I am CA Arpit amin doing practice at vadodara I required your valuable guidance on the following issue : Trail of Transaction Service Provider:- Mechlein Engineers (GST Registered at Ankleshwer) Service Order Received From :- Aashi KASEI (Japan Based Company) Nature of Service :- Providing Supply of welders for Electrode renovation job on site basis located in India and outside india. Location of Site :- Birlagam, Nagada, Ujjain , M. P (Grasim Industries Nagda Plant) Payment Received :- Aashi KASEI form Japan in USD. Issue :- Wether the transaction between Mechlein Engineers and Aashi KASEI for providing service on the obove mention site can be treted as export of service or not? BY: ARPIT K AMIN No answers yet View Answers | Post Answers |
| 21186 |
Dec. 16 2023 |
409882 –
(DIRECT TAXES)
Whether Commission is Business or Profession. What will be tax audit Limit . any case law in income tax with this regards. BY: SACHIN JAIN No answers yet View Answers | Post Answers |
| 21185 |
Dec. 11 2023 |
ITR for AY 2022-23 –
(DIRECT TAXES)
Hello all, As due date for filing ITR for AY 2022-23 was 31.12.2022, however one of my friend hasn't filed the ITR, he has huge TDS of around Rs. 2L on sale of property. What can be done now? Can we include such income as well as TDS in ITR of AY 2023-24? or condonation of delay can be filed? what can be done? Please suggest. Thank You. BY: ANKIT JAIN No answers yet View Answers | Post Answers |
| 21184 |
Nov. 26 2023 |
HINDU UNDIVIDED FAMILY –
(CORPORATE & OTHER LAWS)
I HAVE HUF CONSISTING OF 3 MEMBERS MYSELF,WIFE,MINOR CHILD CAN MY WIFE RELINQUISH HER RIGHT WHAT IS PEOCEDURE BY: Amit No answers yet View Answers | Post Answers |
| 21183 |
Nov. 24 2023 |
ITR-7 Query –
(DIRECT TAXES)
Whether assessee claiming exemption under section 10(23C)(iiiad) need to fill balance sheet in ITR-7 ? BY: CA SRIVASTAVA ATUL KUMAR No answers yet View Answers | Post Answers |
| 21182 |
Nov. 20 2023 |
Part time COP with Firm Name Allowed or Not –
(MISC.)
A member took full time COP and has registered her Firm with ICAI. Now is planning to join a CA firm as an employee wants to know that on doing so when employer firm will add his details in their firm with the ICAI then his COP will automatically get converted into Part time COP or he has to intimate ICAI as unable to fill form 190A because sole incharge of proprietorship firm? And also wants to know his (members) firm registered under him will continue as it it's or need to do anything? BY: TAMANNA VASANTA No answers yet View Answers | Post Answers |
| 21179 |
Nov. 15 2023 |
ITC CREDIT FOR OCT.'23 –
(GST)
Supplier had filed its sales without GST no. during the month of March'23 and still not filed its GST return for Aug'23 and onwards. Can we take GST credit of the same without being updated in GSTR 2B. As post Nov.'23 we can't claim ITC for the period 22-23, is other option left to take this ITC BY: SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21180 |
Nov. 15 2023 |
Payment of GST by the owners in Development agreements –
(GST)
Sir in the case of a Development agreement to construct apartments on the site of the owner by a builder, how do we pay the GST on the owner's share of apartments. It is the onus of the developer to pay the GST on the owners share of apartments. How do we pay the GST. Should it be paid in RCM or DRC03 or Should it be shown as the turnover of the Developer and pay 18% GST on services of construction renedered to the owner? Kindly clarify. BY: Y.KANAKAMAHALAKSHMI No answers yet View Answers | Post Answers |
| 21181 |
Nov. 15 2023 |
How to claim input GST on online trading of Goods –
(GST)
The dealer sells goods through flipkart say for Rs100/- per unit. Flipkart pays Rs. 30 for delivery charges and remits Rs. 30 to the dealer with GST. The turnover is booked at RS. 70 with GST for a sale of Rs. 100. Besides the input GST on delivery charges paid by Flipkart is passed on to the dealer as it is booked on the dealer's GST. The dealer is recording a gross profit of Rs 40 being 70-30 = 40 ( booked turnover- delivery charges) where his gross profit is 100-30=70. Hence resulting in a loss with heavy input to be reversed. How do we deal with this situation? BY: Y.KANAKAMAHALAKSHMI No answers yet View Answers | Post Answers |
| 21178 |
Nov. 13 2023 |
Can a member in practice holding COP join as lecturer in college –
(COUNCIL DECISION)
A member holding COP as a full time in practice. Now he decides to join a college as lecturer. The working hours are less than 24 hours in a week. Does it requires any special permission or it is covered under general permission. BY: GAJENDRA C BANDI No answers yet View Answers | Post Answers |
| 21177 |
Nov. 09 2023 |
Can CA in Practice become shareholder and director in a private limited company. –
(COUNCIL DECISION)
Can a CA in whole time practice become normal director (director simplicitor) in a private limited company which is engaged in the business or profession of multi services including Consulting, accounting and others? Whether specific permission fro the council required? BY: Shriganesh Lakshminarayan Hegd No answers yet View Answers | Post Answers |
| 21176 |
Nov. 08 2023 |
Holding COP want to do get employed in CA firm –
(MISC.)
If person is holding COP and has obtained Firm name and registered it. Now wants to get employed as paid assistant in CA firm? Can person do so without surrendering COP n firm name. Can someone explain the procedure? BY: TAMANNA VASANTA No answers yet View Answers | Post Answers |
| 21175 |
Nov. 06 2023 |
Non- receipt of Goods –
(GST)
In case of few purchases, supplier of goods raises invoices in the name of particular buyer, but goods taken away by some other person from transporter. Only issue is ITC comes under buyers name without actual purchases / payment / supplies. If buyer not take credit of the same from 2B on account of the above, how it would deal with possible reversal if any (in future) BY: SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21174 |
Nov. 03 2023 |
082701 –
(DIRECT TAXES)
A HUF was formed around 15 years back by accepting a nominal Rs 5000- gift from brother of Karta .HUF consisted of Karta,his wife and a male child then minor. It did business for around 12 years and has a capital of Around 27Lacs which is standing in the books of a firm to whom all assets and liabilities were transferred while closing the firm owned by HUF Now The said firm is returning Rs 27 Lac to HUF's saving account Son of Karta has recently got married.How should be amount of Rs 27 Lacs should be distributed Whether Daughter in law of Karta will also be entitled to her share or Rs 27 Lacs can be divided between Karta.his wife and his Son only BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21173 |
Nov. 01 2023 |
Belated Audit Report –
(CORPORATE & OTHER LAWS)
UDIN can't be generated beyond 2 month period and AGM is to be held by 30th Sept 2022. In such scenario how UDIN on Audit report could be generated for FY 2021-22 and even for current year BY: SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21170 |
Oct. 26 2023 |
Claiming 80IAC when opted for 115BAA –
(DIRECT TAXES)
Assessee:- Pvt Ltd Company Date of Inco:- Sept 2019 Filed Return:- AY-20-21, 21-22, 22-23 Tax Rate:- 115BAA i.e. 22% However 10IC filed for AY 21-22 only. Status:- Startup Registration got on Nov 21 80IAC Approval:- 24 Oct 2023 ITR and Tax Audit:- Due date 31/10/23 not yet uploaded Query:- Assessee want to exercise 80IAC for AY 23-24 or AY24-25 onwards. Can he do so? Assessee wasn't aware at the time of filing first year return about start up registration and 80IAC. Mistakely selected tax rate u/s 115BAA. Now assessee wants to get deduction u/s 80IAC. He is ready to file rectification/Updated return with 25% tax rate for AY 21-22 and AY 22-23 and pay differential tax. Need opinion on this. BY: ASIF MUJAWAR No answers yet View Answers | Post Answers |
| 21171 |
Oct. 26 2023 |
Treatment of Sales Invoices –
(DIRECT TAXES)
Hi All, As assessee, being a railway contractor, had raised an invoice during Mar'23, and filed GST return of Mar'23 by including the same. However TDS has been deducted by Railways only in Apr'23 at the time of payment. If I included this invoice in FY 22-23, we will be denied the TDS credit by the CPC. Please advise if it's right to carry forward the sales to next year by showing it as WIP or otherwise and include it in next year sales and claim TDS credit. Thanks BY: CA. VASUDEVAN P K No answers yet View Answers | Post Answers |
| 21172 |
Oct. 26 2023 |
Applicability of Interest on delayed payment of GST –
(GST)
Fact of the case 1. Original 03 Invoices raised in the month of March 2018 - Taxable Value Rs. 40000000 on CGST / SGST @ 2.5% -1000000 /1000000 2. Amended one invoice in the month of August 2018 of Rs. 400000 @ 18% 3. Raised Two Debit Note in month of September 2018 for renaming two invoices pertaining to 2017-18 for differential tax Original Invoice Date 31/03/2018 31/03/2018 31/03/2018 Later in the month of August 2018 invoice No. 02 amended for correction in GST Rate Amendment Original Invoice Date 31/03/2018 in the month of September 2018 raised two debit note for Invoices pertaining to 2017-18 for differential Tax amount Date of Dr Note 15/09/2018 15/09/2018 GST Paid in the month of March 2019 through credit ledger Now GST Department demanding Interest on Rs. 52,00,000/- on amended invoice as well as debit note raised in next financial year ( 2018-19) from 20/04/2018 till date of deposit of Tax. Tax deposited thrugh credit ledger. Credit ledger have balance in the month of March 2018 Rs. 10,00,000 & in the month of March 2019 45,00,000/- Required Advice / Guidance Applicability of Interest - 1. From April 2018 on 52.00,000/- 2. From August 2018 on 19,50,000/- 3. From September 2018 on 32,50,000/- 4. Whether Credit ledger Balance in the Month of March/ August / September & March 2019 is considered for charging Interest ? BY: Pravin Taparia No answers yet View Answers | Post Answers |
