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Click here to Post your Query >>5983 unanswered question(s) — Showing 641–660
| Que. Id | Date | Description |
|---|---|---|
| 20949 |
Aug. 13 2022 |
TDS on commission to e-commerce website operator –
(DIRECT TAXES)
One of my client sell goods through e commerce website operator. The e-com company deduct TDS u/s 194-O on payment made to my client (sales proceeds). Further the e-com company also deduct it's commission. Is section 194H applicable on such commission charged by ecom company or its is excluded vide provision of section 194O(3)? BY: MADHUSUDAN KUMAR PODDAR No answers yet View Answers | Post Answers |
| 20947 |
Aug. 12 2022 |
RCM ON DIRECTOR SERVICE –
(GST)
Service of renting of immovable service provided by director (who is registered in GST) to company , now wehter GST needs ot charge on forward charge or company needs to pay RCM on this service ? BY: parth No answers yet View Answers | Post Answers |
| 20946 |
Aug. 08 2022 |
Income Tax Return Form for AY-2022-23 –
(DIRECT TAXES)
Dear sir, A taxpayer had filed return ITR 4 (44AD -Presumptive Taxation) up to AY 2021-22 (FY-2020-21).In FY 2021-22 (AY-2022-23) he became a Director in a Private Limited Company (The company has no turnover, no remuneration paid to Directors during the FY 2021-22). In the current AY 2022-23 (FY-2021-22) he filed ITR in ITR-3.Is the Return filed under ITR -3 correct or not ? please explain. BY: KAMAL KISHORE VERMA No answers yet View Answers | Post Answers |
| 20945 |
Aug. 07 2022 |
Presumptive taxation for Professionals –
(DIRECT TAXES)
A professional having Turnover of 18 Lacs but income of Rs 4 Lacs whether will require Tax Audit as condition for not requiring Tax Audit is that he should not have income more than exempted Limit that is 2.50 Lacs BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20944 |
Aug. 04 2022 |
accounting treatment for MEIS Script –
(Companies Act, 2013)
Dear Experts, Can some one guide on accounting treatment to be followed for MEIS Script sale for FY 21-22 and FY 22-23 under following situation. Company received approval from Govt for MEIS script before 31st March 22 and Sale of MEIS took place in April 22. My thoughts on same are as under - As on 31st March 22 (on accrual of benefit) MEIC Script Assets (Current Assets) Dr To MEIS script income (Indirect Income) in FY 22-23 (on actual sale of script) Customer Ac Dr To MEIC Script Assets (Current Asstes) Can someone guide ??? BY: chetan jadhav No answers yet View Answers | Post Answers |
| 20941 |
Aug. 03 2022 |
Purchase of Residential property from pvt ltd Company –
(MISC.)
Mr. A is purchasing a Resindetial property from ABC Pvt ltd Company. What documents are required Specifically in case of Company who seller. BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 20942 |
Aug. 03 2022 |
082701 –
(DIRECT TAXES)
An assesse has income below 5 lacs i.e 495000- but his long term capital gain is Around 75000- though it is also exempted being less than 1 Lac Whether for the purpose of Rebate under Sec 87A Income from LTCG will be added and rebate will be not available ? BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20943 |
Aug. 03 2022 |
TDS Applicability U/S 44AD,44ADA,44ADE –
(TDS/TCS)
Dear Sir, Please let me know whether it is compulsory to deduct TDS for Salary, payment to contractors, payment for professional fees, etc. under presumptive Taxation scheme U/s 44AD,44ADA,44ADE of Income Tax Act. Also please highlight whether there is any limit of turnover or gross receipts to comply these provisions. BY: KAMAL KISHORE VERMA No answers yet View Answers | Post Answers |
| 20940 |
Aug. 02 2022 |
Process for merger of two CA proprietorhip firm –
(MERGER & ACQUISITION)
Please suggest me stepwise process regarding merger of two CA proprietorhip firm . whether first we need to registered partnership firm and take new pan no ?? whether we need to registered merger deed also .?? whether we need to take approval for new name of partnership firm ?? Which form need to fill on ssp portal - Form E or Reconstitution form ?? BY: MOHIT AGRAWAL No answers yet View Answers | Post Answers |
| 20939 |
Jul. 25 2022 |
082701 –
(DIRECT TAXES)
A Person has received Share from ancestral property Around 7Lacs in FA 2021-22 It has not deposited any amount in Capiital Gain account but intends to buy New Residential Property for same value within next year. Whether there will be problem if Capital gain tax is not deposited for 2021-22 and new property is purchased in 2022-23 FY BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20937 |
Jul. 23 2022 |
Which expenses can be claimed from Income Of Sports Player On Contract basis while auditing ?? –
(DIRECT TAXES)
Which expenses can be claimed from Income Of Sports Player On Contract basis while auditing ?? BY: ARIHANT JAIN No answers yet View Answers | Post Answers |
| 20938 |
Jul. 23 2022 |
442629 –
(DIRECT TAXES)
A partnership firm incorporated during FY 20-21 has nil turnover and nominal interest income (IFOS) from FD. It is not allowed to opt 44AD since T.O. is Nil. whether audit U/S 44AB is required ? BY: DEEP KUMAR GUPTA No answers yet View Answers | Post Answers |
| 20935 |
Jul. 21 2022 |
212866 –
(MISC.)
WHAT IS THE UNIQUE IDENTIFICATION NUMBER OF OUR FIRM RAMKUMAR VAIRVAN AND CO PROP V RAMKUMAR FROM 23.05.2022 BY: V.Ramkumar No answers yet View Answers | Post Answers |
| 20936 |
Jul. 21 2022 |
Revision of Form 3CD –
(DIRECT TAXES)
If we want to revise the tax audit report in Form 3CD, whether entire data has to be re entered in json utility? Or, is there any facility whereby we can open the previously downloaded json file and revise the relevant clauses alone which require modification? If we try opening the previously saved json file, it always show error message. BY: balasubramanian No answers yet View Answers | Post Answers |
| 20934 |
Jul. 20 2022 |
Conversion from Sole Propreitorship into Partnership –
(MERGER & ACQUISITION)
I am sole proprietor with trade name registered under ICAI in the month of Sep 2019. Can i apply/ am i eligible for MEF for 22-23, since i am going to complete my three years in Sep 2022. Can i convert my sole propreitorship into partnership firm ? does the conversion into partnership firm will affect the seniority of my firm and would i still be eligible for bank audits after conversion ? BY: ravi kishore bhagi No answers yet View Answers | Post Answers |
| 20933 |
Jul. 16 2022 |
GST on pre-packaged and labelled Commodities after issuance of Notification No. 6/2022 –
(GST)
Some of our Assessee are Dal Miller / Jaggary Powder Producer. Up to 17/07/2022, Dall / jaggery sold without any brand name are liable to tax at NIL Rate. Notification No. 6/2022-Central Tax (Rate), Dt 13th July, 2022, it is specifically mentioned that these commodities are liable to tax at specified rate if they are pre-packaged and labelled. Aslo inserted an explanation with regard to pre-packaged and labelled with relation to Legal Metrology Act, 2009 (1 of 2010) and rules made thereunder. There is confusion with regard to GST on Dall / Jaggery Powder, if pre-packaged and labelled these commodity having Quantity more than 25 Kg are liable to tax or not, having transaction with Intermediary Traders / Dealer / Agent who ultimately sale to Retail seller who sale these commodity to consumer. HSN Commodity Description 0713 Dried leguminous vegetables, shelled, whether or not skinned or split pre-pakaged & labelled. 1701/1702 Jaggery of all types including Cane Jaggery (Gur) / Khandsari Sugar pre-pakaged & labelled. We request you to reply urgently as these notifications are effective from 18/07/2022 BY: Pravin Taparia No answers yet View Answers | Post Answers |
| 20931 |
Jul. 15 2022 |
Taxability of Income of sports Player on contract basis –
(DIRECT TAXES)
whether Income of sports Player on contract basis covered in 44AD / 44ADA & which expense is appropriate for this? BY: ARIHANT JAIN No answers yet View Answers | Post Answers |
| 20932 |
Jul. 15 2022 |
PROCEDURE IN CASE DEATH OF WIDOW OF THE ONLY ONE MALE COPARSENER –
(DIRECT TAXES)
In our case of HUF there were one male member and his wife. Now in this previous year the wife is expeired and therefore the only sole surviving coparceners as a single male is remained. In this case the query is whether the balance sheet containing the properties of huf is necessarily to be added in the individual balance sheet of the male coparceners was doing business in his individual capacity and declaring individual income in his return of income. The huf since never having taxable income not file its return of income up to today. therefore in case we merge the properties and liabilities of the huf in the balance sheet of individual to disclose the properties of huf as received share of coparcener of the huf. BY: MAHADEO VIRUPAX WALI No answers yet View Answers | Post Answers |
| 20929 |
Jul. 13 2022 |
Section 44AD (4) introduced from AY 2017-18. –
(AUDIT)
What if in any subsequent AY year after getting audited, assessee failed to get accounts audited. i.e. if in AY 2018-19 non-audited and filed under 44AD, subsequent to that in AY 2019-20 Audited in view to GTO and again in AY 2020-21 it got unaudited. Whether Assessee can get accounts audited for AY 2021-22 ignoring previous omission of non-audit. BY: SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
| 20930 |
Jul. 13 2022 |
Belated Audit Report –
(DIRECT TAXES)
What is option left with Assessee after expiry of FY for Tax Audit. whether Assessee needs to wait for the notice to arrive from AO or any prior submission with late fine could be made, if so how. In any case Audit can only be done in current date only without which subsequent audit can't be done BY: SURAJ KUMAR CHOUDHARY No answers yet View Answers | Post Answers |
