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Click here to Post your Query >>5983 unanswered question(s) — Showing 681–700
| Que. Id | Date | Description |
|---|---|---|
| 20907 |
Jun. 10 2022 |
013537 –
(DIRECT TAXES)
under which head commission received by a nominated director should shown in ITR? SALARY, INCOME FROM OTHER SOURCES..? BY: CA. JAIN JAWAHAR LAL No answers yet View Answers | Post Answers |
| 20904 |
Jun. 09 2022 |
TAX AUDIT CLAUSE 44 –
(DIRECT TAXES)
Clause no 44 of Tax audit is applicable from FY 21-22, The clause requires reporting of expenditure breakup as GST paid Expenses AND Non GST Paid expenses. Is this clause compulsory for reporting? BY: CA Shrawan Suthar No answers yet View Answers | Post Answers |
| 20905 |
Jun. 09 2022 |
Statutory Auditor –
(Companies Act, 2013)
Can firm be the auditor of PVT LTd company where nephew of Partner of the firm is the promoter/director of the company? BY: arun daga No answers yet View Answers | Post Answers |
| 20906 |
Jun. 09 2022 |
082701 –
(AUDIT)
Can A CA do Tax Audit of a Prop Firm where Nephew is the Prop BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20900 |
Jun. 07 2022 |
ESOP Tax Impact in India Entity –
(DIRECT TAXES)
Hi All, i need an insight on ESOP tax liability on India entity. Suppose my US entity is providing shares to employees and it gets vested in April. what is the tax impact on India entity on this situation? Suppose if US entity/ US stock broker deduct the tax value of shares and credit the remaining shares to employees, what is the tax impact/ liability on India entity on this? BY: KARTHIK ATHREYAN No answers yet View Answers | Post Answers |
| 20901 |
Jun. 07 2022 |
082701 –
(DIRECT TAXES)
Can we show Interest payable in 2021-22 and pay in July 22 without deductong TDS in 21-22 as Form 15 H could not be submitted in April 22 due to problem in Portal BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20902 |
Jun. 07 2022 |
082701 –
(DIRECT TAXES)
Can we show Interest payable in 2021-22 and pay in July 22 without deductong TDS in 21-22 as Form 15 H could not be submitted in April 22 due to problem in Portal BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20903 |
Jun. 07 2022 |
082701 –
(GST)
A Firm has purchased yarn and got fabrication from outside. It itself does not has machinery as such. GST officials pay visit compulsarily while issuing refund in case of inverted tax structure.Can it claim GST Refund in the absence of manufacturing facility. BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20899 |
Jun. 06 2022 |
Levy of export duty on SEZ unit –
(INDIRECT TAXES)
Query - Will export duty be applicable of products sold by a SEZ unit to let say an Australian customer. Will benefit under Section 26(1)(b) of SEZ act be available in this case BY: SARTHAK MITTAL No answers yet View Answers | Post Answers |
| 20898 |
Jun. 05 2022 |
WDV-Section 43(6)(c) –
(DIRECT TAXES)
Opening WDV as on 1-4-2021 Of only Vehicles Block(consisting of Car A-WDV Rs. 1 Lakh and Car B-WDV Rs. 8 Lakhs) is Rs. 9 Lakhs. During the year 2021-22, Car B is stolen. Insurance claim of Rs. 12 Lakhs is received. One new Car C is purchased for Rs. 22 Lakhs during the year 2021-22.What will be the WDV for working out of Depreciation for the year 2021-22 under the circumstances. Also, how these transactions should be booked in Books of Accounts. BY: ARUN KUMAR ARORA No answers yet View Answers | Post Answers |
| 20897 |
Jun. 03 2022 |
082701 –
(DIRECT TAXES)
Whether Income Tax site is working properly i.e Return filing is smooth or there are issues again? BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20896 |
May. 30 2022 |
UDIN –
(Compliance)
I remember to have generated UDIN for all the forms filed on Income tax e-filing portal. But now I find that some forms in the tax portal appear to be without valid UDIN. Was it the UDIN portal or the Income tax portal or neither? Even in the unlikely event that I have forgotten to generate the relevant UDINs, what is the solution BY: RAVICHANDRAN R No answers yet View Answers | Post Answers |
| 20895 |
May. 28 2022 |
Consequences of Merger of 2 CA Firms –
(MERGER & ACQUISITION)
I am currently practising as a sole proprietor. I am also a partner in another firm. Now we are planning to merge the 2 firms. My sole proprietorship is appointed as auditor in some companies. My query is as a result of merger, do I need to resign in those companies by filing Form ADT-3 and appoint the partnership firm as auditor by filing Form ADT-1 or the partnership firm will automatically be appointed as auditor BY: Abi Muthuraj No answers yet View Answers | Post Answers |
| 20894 |
May. 23 2022 |
082701 –
(DIRECT TAXES)
If a NRI sends RS 10Lacs app to account of a Indian resident (Not close relative), whether Indian resident has to pay Gift tax or tax applicable to to his income including 10 Lacs as applicable .Is their any other reporting requirement also to RBI/Other authorities ? BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20893 |
May. 21 2022 |
082701 –
(DIRECT TAXES)
A cooperative Bank has deducted TCS of a Society in F Y 20-21 and since it was not visible in 26AS/AIS It could not be claimed. Now we learn that Bank had deducted TCS for FY 2019-20 during 2020-21 and filed revised TDS Returns during 2020-21 for 2019-20 Financial year. Asessments of FY 2019-20 and 2020-21 are already completed. In these Circumstances How to claim TDS. BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20892 |
May. 20 2022 |
144106 –
(GST)
GST Registration for one of the Service Provider is wrongly taken as Regular Taxpayer instead of Composition Dealer. Is there any way i can get the registration amended to "Composition Dealer". BY: Ganesh Suresh Agrawal No answers yet View Answers | Post Answers |
| 20891 |
May. 19 2022 |
PROCEDURE OF CLAIMING DEDUCTION 80IBA : Developing and Building Housing Projects –
(DIRECT TAXES)
PROCEDURE OF CLAIMING DEDUCTION 80IBA : Developing and Building Housing Projects Questions 1) Do we require any special FORM to be filled before filing the Income Tax Return ?? 2) Can the deduction can we claimed directly in the ITR 3) Can the Partners in a PartnershipFirm can claim the total profit deduction in the respective partners ITR?? 4) Does it require any formalities Please elaborate the process of claiming Deduction under Sec : 80IBA BY: GOVIND MUNDADA No answers yet View Answers | Post Answers |
| 20890 |
May. 18 2022 |
TDS ON PROPERTY PURCHASED –
(DIRECT TAXES)
THE PURCHASER AND SELLER BOTH ARE NON RESIDENT INDIANS WORKING ABROAD, TDS IS TO BE DEDUCTED ON PURCHASE OF HOUSE PROPERTY FROM THE SELLER WHO IS A NON RESIDENT. THE SALE CONSIDERATION IS MORE THAN ONE CRORE AND THE APPLICABLE TDS RATE IS 23.92%. WHILE FILLING UP CHALLAN 26QB ONCE THE STATUS OF THE SELLER IS PUT AS NON RESIDENT, THE FOLLOWING MESSAGE IS SHOWN AND NOT ALLOWING TO GO FURTHER "As Status of the Payee/Seller/Transferor is A Non-Resident, Form 26QB will not be applicable. The correct form to be used is Form 27Q" MY QUERY IS FORM 27Q IS THE QUATERLY RETURN WHICH HAS TO BE FILED EVERY QUATERLY, THEN FOR PAYMENT OF TDS WHICH CHALLAN IS TO BE USED. FURTHER WHEN THE SELLER IS A RESIDENT PAYMENT OF TDS IS THOUGH CHALLAN 26QB AND THE PURCHASER NEED NOT TO HAVE A TAN BUT WHEN THE SELLER IS A NON RESIDENT, THE PURCHASER HAVE TO FIRST OBTAIN TAN. PLEASE GUIDE.. BY: Anwar Iqbal No answers yet View Answers | Post Answers |
| 20889 |
May. 15 2022 |
Wrong PAN filled while updating UDIN –
(DIRECT TAXES)
By mistake wrong PAN was filled while updating UDIN on Income Tax Portal.Now it is showing consumed u8nder different PAN. Is there a solution ?THis UDIN was generated in Dec 21 BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20887 |
May. 12 2022 |
Filing of Form 10BD –
(DIRECT TAXES)
Sir, If a society having approval U/s 80G, is not having any donation during the F.Y. 2021-22, than do we need to file form 10BD ? BY: RAM KUMAR SARASWAT No answers yet View Answers | Post Answers |
