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Click here to Post your Query >>5983 unanswered question(s) — Showing 561–580
| Que. Id | Date | Description |
|---|---|---|
| 21028 |
Feb. 02 2023 |
GSTR 9C –
(GST)
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 No answers yet View Answers | Post Answers |
| 21026 |
Feb. 01 2023 |
Wrong Ass Year in TDS Challan deposited online on Income Tax site –
(DIRECT TAXES)
In the TDS challan deposited online in Dec 2022 by mistake on income tax site Asessment year was wrongly put as 2021-22 instead of 2023-24 and now demand has been raised for same challan amount plus interest while checking Statement status. What shoud be done to rectify mistake BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21027 |
Feb. 01 2023 |
RECTIFICATION UNDER SECTION 154 –
(DIRECT TAXES)
While filing the return, wrong section was selected and filed. Can we rectify the return filing section from 139(4) to 139(1) under sec 154 plz Clarify BY: PONNUSAMY R No answers yet View Answers | Post Answers |
| 21022 |
Jan. 28 2023 |
082701 –
(GST)
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 No answers yet View Answers | Post Answers |
| 21023 |
Jan. 28 2023 |
082701 –
(GST)
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 No answers yet View Answers | Post Answers |
| 21024 |
Jan. 28 2023 |
Unable to view my Application History in MCA V3 Portal –
(MISC.)
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 No answers yet View Answers | Post Answers |
| 21025 |
Jan. 28 2023 |
241485 –
(DIRECT TAXES)
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 No answers yet View Answers | Post Answers |
| 21021 |
Jan. 27 2023 |
input credit for the FY 2021-22 –
(GST)
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 No answers yet View Answers | Post Answers |
| 21019 |
Jan. 20 2023 |
082701 –
(DIRECT TAXES)
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 No answers yet View Answers | Post Answers |
| 21020 |
Jan. 20 2023 |
TREATMENT OF PARTNERS CURRENT ACCOUNT –
(MISC.)
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 No answers yet View Answers | Post Answers |
| 21016 |
Jan. 19 2023 |
082701 –
(DIRECT TAXES)
TDS challan deposited in dec 22 and after are not being validated because of sudden change made by Tax people. How to file TDS returns BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21017 |
Jan. 19 2023 |
Use of CA logo –
(COUNCIL DECISION)
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: KALE BHALCHANDRA GANGADHAR No answers yet View Answers | Post Answers |
| 21018 |
Jan. 19 2023 |
E invoice –
(GST)
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 No answers yet View Answers | Post Answers |
| 21014 |
Jan. 18 2023 |
104792 –
(GST)
Can Defence Personal claim exemption in GST for purchase of Car from Dealer BY: CA. SHIRODKAR YESHWANT VINAYAK No answers yet View Answers | Post Answers |
| 21015 |
Jan. 18 2023 |
Tax u/s 115QA-Challan No. and minor head –
(DIRECT TAXES)
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 No answers yet View Answers | Post Answers |
| 21012 |
Jan. 14 2023 |
Negative Liability GST -Composition scheme - service providers –
(GST)
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 No answers yet View Answers | Post Answers |
| 21013 |
Jan. 14 2023 |
audit u/s 44AB –
(DIRECT TAXES)
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 No answers yet View Answers | Post Answers |
| 21011 |
Jan. 12 2023 |
254311 –
(MISC.)
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 No answers yet View Answers | Post Answers |
| 21009 |
Jan. 09 2023 |
CSV file Form 15H to be submitted online –
(DIRECT TAXES)
Can anybody send above file format to upload on Income Tax site. Utility on Income tax portal is not able to validate Section code of Income details. Thanks in advance. CA Mahesh Aneja mahesh_aneja@rediffmail.com mahesh1aneja@gmail.com BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21010 |
Jan. 09 2023 |
CA Name board –
(MISC.)
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 No answers yet View Answers | Post Answers |
