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Click here to Post your Query >>5983 unanswered question(s) — Showing 481–500
| Que. Id | Date | Description |
|---|---|---|
| 21109 |
Jun. 16 2023 |
GST Reconciliation –
(GST)
In terms of Circular No. 170/02/2022-GST dtd 06-07-2022, various restriction was imposed on ITC credit viz. non credit of goods not received, payment not made within 180 days of purchases etc. How to reconcile the same on yearly basis with GST portal data as the same doesn't provide bifurcation on each item BY: SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 21108 |
Jun. 15 2023 |
TERM OF AN AUDITOR UNDER TELANGANA COOPERATIVE SOCIEITIESV ACT 1964 –
(MISC.)
What is the maximum term of a chartered Accountant to conduct the audit of a credit co operative society under Talangana Co operative Societies Act 1964 . Is it three year or no such term BY: Anwar Iqbal No answers yet View Answers | Post Answers |
| 21107 |
Jun. 14 2023 |
ITRU –
(DIRECT TAXES)
A person has not filed ITR for 2020-21 and 2021-22 Financial years His income is 490000- and 495000- for the years.Can he file ITR by paying of Rs 1000- penality for each year and without paying any tax BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21106 |
Jun. 06 2023 |
remedy to adjust late paid tax with interest –
(GST)
dear experts kindly guide for pharma mfg client for expansion bldg contractor during fy 20-21 raised bill say appx 50 lakhs and gst @18% at rs 9 lakhs was also added in his bill which were accounted and itc for 9 lakhs claimed however due to covid at contractor end due to hospitalisation of staff and owners contractor failed to file same in gst return nor paid this gst billed in 21-22 on pointing out he paid in dec 22 tax of 9 lakhs with 2 lakhs interest however now gst officer informed last date to-avail credit was sep 22 so no itc credit for co is possible and nor contractor get this back pl suggest way out to use this tax payment made and avail credit also pl note ,while paying in dec 22 vendor mention 21-22 invoice dates as 22-23 dates so then he can make payment in 22-23 for 21-22 bills possible BY: VIPUL JHAVERI No answers yet View Answers | Post Answers |
| 21105 |
Jun. 03 2023 |
Sequence of Financial Statements –
(Companies Act, 2013)
Is there any basis for presenting the Financial Statements in the Sequence wherein Balance Sheet, then P & L , then cash flow and later on the other disclosures (RPT etc.). As one of our client wants to disclose the notes to account like RPT, Ratios, CSR with the accounting policy. BY: PREYA LUNAWAT No answers yet View Answers | Post Answers |
| 21104 |
May. 31 2023 |
Service out of state for composition scheme –
(GST)
An architect is having registration under GST.He wants to opt for composition scheme as his last year turnover is less than 50 Lacs. Whether he will be able to provide services out of state in which he is registered as Composition tx payer BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21102 |
May. 26 2023 |
GST registration for a new Firm –
(GST)
Even after getting Aadhar linked mobile and email verified and providing ownership proof,GST department is asking for bank statement (account is yet to open after GST registration),source of investment proof and declaration whether the property is under mortgage or not. BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21100 |
May. 25 2023 |
correction of TDS return of Q4 of FY 22-23 –
(TDS/TCS)
26Q has been submitted on 11 th May 2023 and accepted at CPC.But some corrections are required and two challans to be added.What to do ?? And what will be last date for that?? Plz let me know. BY: SUDIP KUMAR MUKHOPADHYAY No answers yet View Answers | Post Answers |
| 21101 |
May. 25 2023 |
RBI REGISTRATION DATE –
(MISC.)
Our FRN is 011541c With unique code 781916 but i am unable to trace our Firm registration date with RBI BY: CA. MANGAL SHARAD CHAND No answers yet View Answers | Post Answers |
| 21099 |
May. 24 2023 |
Submission of Form 15H / 15G –
(DIRECT TAXES)
Dear Friends, I am A resident senior citizen (62 years of age) having only interest income of about Rs.6,50,000/= for Asst. Yr.2024-25. If I opt for the new scheme of taxation u.s.115BAC at the time of filing my Return of Income for Asst. yr.2024-25 then my Total Income will also be Rs.6,50,000/= and my tax liability will be NIL. Can I submit Form 15H to the Banks this year for non deduction of tax at source from my interest income. Also, can my wife (57 years of age) submit Form 15G to the Banks under the above similar conditions. Please advice accordingly. Thanks. BY: Sudeep B. Sarwate No answers yet View Answers | Post Answers |
| 21098 |
May. 23 2023 |
255279 –
(MISC.)
Subject: Eligibility for LLB after CA I am a Chartered Accountant who completed my CA after 10+2. I do not have any degree, and I have not completed any degree from IGNOU. I wish to join an LLB program and start my own practice as an advocate in courts. I am aware that I must surrender my COP before starting practice as an advocate. I would like to know if I can join IGNOU to get a BCom degree and then join an LLB program. Will a degree from IGNOU be eligible for admission to an LLB program? Will the Bar Council of India make any objections while issuing COP to a person who has a degree from IGNOU? I would be grateful if you could provide me with any information that you may have on this matter. BY: RYALI VAMSI KRISHNA No answers yet View Answers | Post Answers |
| 21097 |
May. 19 2023 |
Funds received from start up- taxation in the hands of employee –
(DIRECT TAXES)
Mr. A is an employee of M/s XYZ Private Limited. He has received some ESOP over the period of time during his employment with M/s XYZ Private Limited. Now, M/s XYZ Private Limited who were holding around 80% of stake in startup decided to exit from the startup and sell the whole stake. Due to the exit from this startup the valuation of M/s XYZ Private limited has gone down and board decided to compensate the ESOP holders. Board decided to pay say Rs. 100,000/- per ESOP to its employee as compensation for loss in valuation before and after the exit from startup. Que.: What will be taxation of this receipt in the hands of employee? BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 21094 |
May. 18 2023 |
Part-Time COP –
(MISC.)
Hi Team, I am having part-time COP & working in an MNC as an employee. Now I am having permanent work from home option. So can I place my name board outside my home & start provide tax consultancy services other than audit & signing related services? Thank you in advance! BY: VITTAL MATARE No answers yet View Answers | Post Answers |
| 21095 |
May. 18 2023 |
Applicability of TDS on Training Fee paid to Cambridge University U.K. –
(DIRECT TAXES)
Whether TDS has to be deducted on Training Fee paid to Cambridge University U.K. towards training provided to teachers of a school through video conferencing ? BY: Gaurav Kumar Baranwal No answers yet View Answers | Post Answers |
| 21096 |
May. 18 2023 |
Taxation in hands of employee –
(Startup Funding)
Mr. A is an employee of M/s XYZ Private Limited. He has received some ESOP over the period of time during his employment with M/s XYZ Private Limited. Now, M/s XYZ Private Limited who were holding around 80% of stake in startup decided to exit from the startup and sell the whole stake. Due to the exit from this startup the valuation of M/s XYZ Private limited has gone down and board decided to compensate the ESOP holders. Board decided to pay say Rs. 100,000/- per ESOP to its employee as compensation for loss in valuation before and after the exit from startup. Que.: What will be taxation of this receipt in the hands of employee? BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 21093 |
May. 16 2023 |
Appointment of Tax Auditor –
(AUDIT)
As per section Section 288(2) one of the partner of the firm is relative of the assessee firm hence it is understood that he cant be auditor of that firm. But there are other partners also who are not relative. Can other partner of the firm conduct audit. BY: DEEPAK K GUJRATI No answers yet View Answers | Post Answers |
| 21092 |
May. 14 2023 |
091663 –
(DIRECT TAXES)
A TRUST IS TO CREATED BY A SETTLOR IN RELATION TO AN IMMOVABLE PROPERTY ,SINCE THE TRUST HAS NOT YET BEEN REGISTERED U/S 12A WHAT IS THE POSITION OF TAXABILITY OF IMMOVABLE PROPERTY . BY: vikas kalra No answers yet View Answers | Post Answers |
| 21088 |
May. 13 2023 |
Different bill books –
(GST)
A wholesaler dealing in unstitched/stitched garments has opened a retail showroom as well. Whether it is necessary to issue bill for each retail sale to B2C Customers not wanting cash memo.If a consolidted bill is issued at dayend whether any upper monetary limit is there? Further can the retail showroom have seperate bill book for b2c customers. Can a consolidated entry be made at month end for cash sale/sale through googlepay/ptm etc iun books of account BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21089 |
May. 13 2023 |
Different bill books –
(GST)
A wholesaler dealing in unstitched/stitched garments has opened a retail showroom as well. Whether it is necessary to issue bill for each retail sale to B2C Customers not wanting cash memo.If a consolidted bill is issued at dayend whether any upper monetary limit is there? Further can the retail showroom have seperate bill book for b2c customers. Can a consolidated entry be made at month end for cash sale/sale through googlepay/ptm etc iun books of account BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21090 |
May. 13 2023 |
Regarding Pre-deposit of Service Tax Demand for filing Appeal –
(Service Tax)
An unregistered assessee has to pre-deposit 7.5% of service tax demand for filing appeal. While applying for Non-assessee registration through aces tab on cbic portal, it generates only excise registration number and excise accounting codes for deposit of taxes. How to deposit the aforesaid pre-deposit amount then ? BY: Gaurav Kumar Baranwal No answers yet View Answers | Post Answers |
