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Click here to Post your Query >>5983 unanswered question(s) — Showing 701–720
| Que. Id | Date | Description |
|---|---|---|
| 20888 |
May. 12 2022 |
LLP SUPPLEMENTARY AGREEMENT STAMP DUTY IN MAHARASHTRA –
(MISC.)
HOW MUCH IS STAMP DUTY IN MAHARASHTRA ON LLP SUPPLEMENTARY AGREEMENT TO RECORD DEATH OF A PARTNER. NO NEW CAPITAL IS INTRODUCED. NO NEW PARTNER TO INTRIDUCE. THERE IS NO IMMOVABLE PROPERTY IN THE LLP BY: GALA ASHWIN M.. No answers yet View Answers | Post Answers |
| 20884 |
May. 11 2022 |
updation of UDIN –
(MISC.)
UDIN was generated for an individual assessee whose accounts are subject to tax audit under section 44AB . Subsequently the accounts were revised and the UDIN was revoked. New UDIN was generated and tax audit report was filed with the new UDIN. . New UDIN is updated successfully. The UDIN which is revoked cannot be updated. kindly advice BY: Anwar Iqbal No answers yet View Answers | Post Answers |
| 20885 |
May. 11 2022 |
FORM 10A AND 10AB –
(DIRECT TAXES)
KINDLY ENLIGHTEN THE DIFFERENCE BETWEEN THE ABOVE TWO FORMS. BY: Anwar Iqbal No answers yet View Answers | Post Answers |
| 20886 |
May. 11 2022 |
FORM FOR 80G APPROVAL –
(DIRECT TAXES)
WHICH FORM TO BE USED FOR APPLICATION FOR GETTING THE APPROVAL FOR FRESH AND RENEWAL OF 80G APPROVAL BY: Anwar Iqbal No answers yet View Answers | Post Answers |
| 20881 |
May. 10 2022 |
TDS CREDIT OF PROPERTY SOLD –
(Capital Gains)
The assessee entered into an agreement for sale of his residential house in Jan 2021. The buyer deducted the TDS and issued cheques but did not give the same to the assessee. The assessee expired in May 2021 due to COVID. As the sale deed was not executed upto 31.03.2021 TDS deducted was carried forward. The sale deed was executed by the legal heirs of the assessee and they received their share of consideration reduced by respective TDS.. How can they claim the TDS deducted by buyer in March 2021 in the name of their father. BY: CA SUDHIR KUMAR JAIN No answers yet View Answers | Post Answers |
| 20882 |
May. 10 2022 |
082701 –
(DIRECT TAXES)
While uploading UDIN on Income Tax Site, It is showing already consumed. How can I sort out. BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20883 |
May. 10 2022 |
public notice for property –
(MISC.)
Mr. A is the owner of the property. Mr died in 2016. Mr. A has two sons as legal heirs ( Mr X and Mr Y . Release deed is prepared between Mr. A and Mr. B . Mr A has renounced his share and transferred his share to Mr. B and now Mr. B is the sole owner of the property. Mr Y a purchaser weants to purchase the property from the Mr. B. Query is (1) Is Mr Y ( purchaser) required to confirm that is there any other legal owner apart from Mr A and Mr. B. . if yes, how he can confirm (2)Before purchasing, is Mr. Y (purchaser) required to publish in newspaper about this purchase BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 20879 |
May. 09 2022 |
Slump Sale / Biz Transfer agreeement - Stamp paper & registration fees –
(GST)
A business transfer agreement (also known as Slump sale Agreement) - For transfer of all assets and liabilities FROM a Sole Proprietorship TO a Partnership ON A GOING CONCERN BASIS (that is continuing running the business). The Sole Proprietorship business contains only Capital and Machinery of Just Rs 20 Lakhs. Nothing else. Question 1 - Whether this agreement is liable to pay stamp duty and registration fees? Question 2 - If yes, Under which Serial No of Indian Stamp Act. Question 3 - If What is the Stamp paper value and what is the registration fees in KERALA? BY: Sivaraman A.R. No answers yet View Answers | Post Answers |
| 20880 |
May. 09 2022 |
Section 54 deduciton –
(DIRECT TAXES)
An assessee has sold a house property and buying a new property to claim section 54 deduction. Can the new house be in joint name with his relative? BY: balasubramanian No answers yet View Answers | Post Answers |
| 20878 |
May. 06 2022 |
Conversion of Partnership Firm into Sole Proprietorship Firm –
(MISC.)
In the year 1997, Mr. Akash started practice with the sole proprietorship firm name "Agrawal Akash & Associates". In 2012, the sole proprietorship firm was converted into partnership firm by entering two new partners - Abhishek and Ankita. In 2017, Mr. Akash retired from partnership firm. Now, ankita want to retire from firm and Abhishek wants to continue the same firm name "Agrawal Akash & Associates" with same Firm Registration No. so that the experience of the firm can be considered everywhere. Ques. 1 Can Abhishek continue as proprietor of Sole Proprietorship Firm "Agrawal Akash & Associates" ? Ques. 2 Whether experience of the firm will be considered for Bank Audits? Thanks & Regards, BY: CA. ADARSH AGRAWAL No answers yet View Answers | Post Answers |
| 20877 |
May. 04 2022 |
Transfer of Machinery as a Going Concern without GST? –
(GST)
A PROP biz run by Mr.A from 2017 under compo sch (1%). Biz stopped on 30.04.22. Its balance sheet as on 30.04.22 is capital Rs 20 lakh & Machinery 20 Lakh (WDV). Nothing else. Another Partnership firm is formed parallel on Jan 22 (Partners Mr.A and his 2 Sons). Sales in FIRM started from 01.4.22. Actually FIRM is Continuing running the business of PROP. Can PROP transfer this machinery TO FIRM as a going concern without GST Liability? (While registering the FIRM, selected "Voluntary Basis") BY: Sivaraman A.R. No answers yet View Answers | Post Answers |
| 20875 |
May. 03 2022 |
082701 –
(DIRECT TAXES)
Form 15H submitted by a Senior Citizen could not be Efiled because of technical issue with Utility. This matter was reported to Efiling webmanager ,who had informed that matter has been escalated but solution was not provided. Whether it will create problem BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20876 |
May. 03 2022 |
Revised return –
(DIRECT TAXES)
How can we revised the return filed u/s 148 on IT portal there is no option reflecting today we file return in response to notice u/s 148 but whatsoever reasons the TDS claimed schedule filled as NIl whereas corresponding income is accounted in ITR how can we revise now BY: SANDEEP KAPOOR No answers yet View Answers | Post Answers |
| 20874 |
May. 01 2022 |
IPO EXPENDITURE –
(Companies Act, 2013)
HOW TO ACCOUNT IPO EXPENDITURE IN BOOKS OF ACCOUNTS AS PER IND AS? BY: NAVEEN K S No answers yet View Answers | Post Answers |
| 20872 |
Apr. 30 2022 |
Service tax on Lecture fee to autonomous body –
(Service Tax)
During FY 2015 16 an Individual (not on payroll) of providing Lecture to School of planning and Architecture (deemed university under Ministry of HRD) and obtained fee. My query is that whether Service Tax is require to charge or exempt if exempt under which notification or Rules BY: SANDEEP KAPOOR No answers yet View Answers | Post Answers |
| 20873 |
Apr. 30 2022 |
GST on arbitrator or DAAB Member –
(GST)
The assesee is an arbitrator and Member of Dispute Avoidance /Adjudication Board (DAAB Member) and gets monthly retainership (50%) from PSU and 50% from Contractor and further he also sometimes get to receive any award money depend on case to case basis whether GST is applicable on such arbitrator on forward basis or any other basis . Further what is the impact in GST return if he is already registered with another service too in GST BY: SANDEEP KAPOOR No answers yet View Answers | Post Answers |
| 20871 |
Apr. 29 2022 |
MAT under Sec.115 JB –
(DIRECT TAXES)
As per sec.115JB, brought forward loss or unabsorbed depreciation whichever is less as per books to be deducted for arriving at adjusted book profits. Suppose a company has negative balance of profit and loss account carried in balance sheet but has general reserve created in earlier years, whether the two has to be netted off to arrive at brought forward loss or unabsorbed depreciation as per books? BY: balasubramanian No answers yet View Answers | Post Answers |
| 20868 |
Apr. 27 2022 |
Clarification regarding Taxability of service under Forward Charge or Reverse Charge –
(GST)
Recently a test Van for stamping of weighment bridge was hired from Indian Railway. Accordingly, the D.M.E.(0&F), E.Rly., Asansol intimated to pay the following amount towards hire charge of Test van: Particulars Amount in Rs Hire charge of Test Train 4,18,050 GST @ 5% 20,903 Total 4,38,953 The Clarification is being required regarding 1. Whether GST is Payable under Forward charge or Reverse charge for this service as per Sl. No. 5 of Notification No. 13/2017, Central Tax (Rates), dated 28.06.2017, services supplied by Railway (Central Government) to a business entity excluding renting of immovable property and transport of goods and passengers shall come under Reverse Charge Mechanism. So this being renting of movable property is covered under Entry 5 and hence RCM is applicable. BY: Ritesh Kumar No answers yet View Answers | Post Answers |
| 20869 |
Apr. 27 2022 |
Carry forward of House Property Loss –
(Income From House-Property)
Dear All, An assessee is owning 7 portions of a residential property. 1 is self occupied, 1 is vacant, and rest 5 are let out. Due to Interest cost, all properties were reported loss. Loss on Self Occupied Property is Rs 1.17 lacs, Loss on Vacant Property Rs 2.08 Lacs and loss on other 5 let out Properties Rs 5.11 lacs. In total, loss of Rs 8.37 lacs. The assessee set off Rs 2 lacs against income from other heads and C/fwd Rs 6.37 lacs. Whereas the department allowed C/fwd loss of Rs 5.11 lacs only. Please advise, if loss not set off on Self Occupied and Vacant Properties is allowed to be carried forward or not (i.e Rs 1.17 lacs +Rs 2.08 lacs - Rs 2 lacs = Rs 1.25 lacs). Thanks. BY: CA. VASUDEVAN P K No answers yet View Answers | Post Answers |
| 20870 |
Apr. 27 2022 |
082701 –
(DIRECT TAXES)
Efiling of Form 15H recd from a Senior Citizen on income Tax site portal is giving trouble. Offline filing is not working . In online option basic details file is being uploaded but while uploading Income detail file ,It gives the following message Line 2 : Invalid format for Section under which tax is deductible, Can anybody solve this puzzle BY: Mahesh Kumar No answers yet View Answers | Post Answers |
