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Recent Questions

Question added Jan 11, 2019 GST By LALIT MOHAN AHUJA , CA , NEW DELHI

answers

578 views

Q. GST Applicable - A Society registered under Sec 12AA of Income Tax Act 1961 has leased out the entire Ground floor to the Banking company inside the compound of Land and building of the Society at monthly rent above RS 1.50 lacs per month. Will it attract GST. If yes , Is reverse charge mechanism applicable.

Question added Jan 11, 2019 Corporate Law By RAJEEV ARORA , CA , Delhi

answers

554 views

Q. CSR AND REGISTERATION OF CHARGE - 1.First query is related with sub section 3 of section 198 of companies act 2013 which says that credit shall not be given for the following at the time of computation of net profit. We have doubt related with point no .C which is as mentioned below:-( we need clarification as we have to calculate net profit for the purpose of computing CSR expenditure)
"(c) profits of a capital nature including profits from the sale of the undertaking
or any of the undertakings of the company or of any part thereof;"

Does this point cover profit from sale of shares or mutual funds? as in our case we are private limited company and we have other incomes as well in our profit and loss account which includes profit from sale of shares and mutual fund.Can these be covered with capital nature transaction? Please clarify.
2.Second query is that we have purchased car in the name of company and have financed the same from the bank .Is there any requirement to register the charge with ROC for creation of charge? Basically we would like to know is it necessary for private limited company to register the charge of motor vehicle with ROC.

Question added Jan 10, 2019 GST By pradeep

answers

517 views

Q. GST - if a person forgot to show cash sale in gstr returns in fy 2017-18, then in which column now he will show in Gstr 1 and gstr 3b?

Question added Jan 08, 2019 Income Tax By Sandeep Wason , CA , Delhi

answers

493 views

Q. Cost of acquisition for Capital Gain - Whether Interest paid on delayed payment to DSIDC for acquisition of land is part of cost of acquisition or not.

Question added Jan 07, 2019 Income Tax By Tarun Gupta , CA , Faridabad

answers

6633 views

Q. TDS on Travel Agency - Hi Expert
A company paying a fees assume 300/- per ticket to its travel agent for booking ticket . Agency raise invoice for ticket cost + 300/- per ticket in its invoices . What is nature of this service and is it covered under TDS. if yest then which section.

Anwered By : Kamal Garg

Question added Dec 29, 2018 Income Tax By Deepak , CA , South Delhi

answers

579 views

Q. Section 44AD - An assessee showing PGBP income u/s 44ad in AY 2018-19. Now he's having salary income in AY 2019-20.
Does the question of tax audit arise to the assessee?

Anwered By : AKANKSHA

Question added Dec 25, 2018 Income Tax By Rahul , CA

answers

576 views

Q. Applicability of TDS on reimbursement of annual member ship fees of the ICAI from the employer - Can any one tell me whether reimbursement of annual membership fees of the ICAI from the employer is taxable in the hands of emplyee and wether employer can deduct HER on the same??
Please also give any circular regarding the same of the income tax act with proper section.

Anwered By : AKANKSHA

Question added Dec 25, 2018 Income Tax By saurabh , East Delhi

answers

512 views

Q. Income Tax Capital Gain - My Self Saurabh Gupta I Purchased a Land in the name of my father and after 6 years i sale this land and sale money deposited in my bank account before selling the land i got power of attorney to sale the land from my father .
kindly told me capital gain is taxable in my hand or my father and what is the consequences of this transaction.

Anwered By : AKANKSHA

Question added Dec 19, 2018 GST By rajesh sharma , Jaipur

answers

483 views

Q. gst input for tour operators services - Hi, Notification has been Issued but still have doubt on rate of GST to take ITC between Tour Operator to Tour Operator. Is this ITC available in 18% category or 5% category? If anyone have clarity, please update.

Question added Dec 19, 2018 GST By rajesh sharma , Jaipur

answers

451 views

Question added Dec 19, 2018 Income Tax By CA Rajesh Mandwariya , CA , Mandsaur

answers

530 views

Q. Presumptive income u/s 44AE - Under section 44AE for Assessment year 2019-20 it is mentioned that in case of heavy goods vehicle, net income of Rs. 1000/- per ton per month on gross vehicle weight or unladen weight to be offered for Income tax purpose. I have a Heavy goods vehicle gross weight of which is 42000 kg. and unladen weight is 12000 kg. Please confirm whether income shall be Rs. 42000/- p.m. or 12000/- per month.

Question added Dec 18, 2018 Audit By nirbhay , CA , North East delhi

answers

502 views

Q. Stock Audit - How to empanelment for stock audit of bank.

Question added Dec 11, 2018 Income Tax By sandeep Kaushik , Bhiwani

answers

537 views

Q. TDS - Hi all,

I want to know whether it is required to deduct tds on payment made to Foreign embassy/High commissions in India regarding Sponsorship services. payment is to be made by Indian company. please reply with the reference of relevant section or circular/notification.

Many thanks in advance.

Question added Dec 03, 2018 GST By anand omprakash sarda , CA , Latur

answers

566 views

Q. GST CONTRACTOR - In one case of contractor in he not filed sales. He have filed only purchase in 3B and not sale. He is under assumption that there is chance of correction in Annual return and also not shown in Sept return. Only GSTR 1 of March is pending as he missed to file. Can we give details of sales in GSTR 1 of March as we have not filed GSTR 1 yet or any option in Annual Return. Or any better option?
Sir proper details of query

Question added Dec 01, 2018 GST By Balram Jha , South Delhi

answers

635 views

Q. GST E-Way Bill - What is the threshold Limit For E-Way bill in Interstate Sale and Different States.

Question added Nov 29, 2018 Students By Reeta Pal , Ghaziabad

answers

951 views

Q. Gst - How to file complaint against GST fraud

Question added Nov 17, 2018 Income Tax By manoj jain , CA , faridabad

answers

480 views

Q. income tax - I hv one query that one prop. Is having two firms A & B , A firm having Rs.30lakhs creditors of firm B and in firm B having same debtors Rs.30Lakhs in the name of A. In firm B there is no operation since last 4-5years. But firm A is having running business till date. Now prop has decided to write off sundry creditor firm B through capital account in firm A. Can it be done, if yes then, is it taxable or not , pls explain with any case ref...thanx in advance for valuable suggestion..

Question added Nov 16, 2018 Accounts By M RAVITEJA , Chennai

answers

612 views

Q. Non-repayable Loan - Hello Everyone, I have the following question: Persons in the Question, 1) M/s XYZ, is a pvt ltd company (which has no transactions till date) 2) Mr A, the director of the company 3) Mr B, the third party now the situation was, Mr.A and Mr. B are well know from past so many years, and earlier Mr.A helped Mr.B to grow in life and Mr.B was fully settled in the society. But the financial position of Mr.A became bad. To help Mr.A, Mr.B had given a big amount likely i.e., â‚¹ 2 Cr for growth of business which is non-repayable. Then Mr.A deposited the same in the M/s XYZ current account to start business. Now my question, 1) How the received amount can shown in the books of Mr.A & M/s XYZ? 2) Any tax implication & Company Law implications?

Question added Oct 22, 2018 Accounts By Ayush Kedia , CA , Jamshedpur

answers

602 views

Q. Ca partnership - Can anyone share me partnership rules and deed for two proprietorship firm willing to merge.please mail me at piyushkedia18@gmail.com thanks in advance.

Question added Oct 18, 2018 Banking By parmod sharma , CA , Bhiwani

answers

693 views

Q. CA fresher as a relationship manager - Whether it's advisable or not to join icici bank in profile of relationship manager.
Please guide me.
Thanks in advance

Question added Oct 15, 2018 Accounts By SIVA PRASAD RAO PATNALA , CA , Visakhapatnam

answers

978 views

Q. accounting software for society. - Can any suggestion on accou ting software suitable for a mutually aided cooperative society, accepting deposits and giving advances to members charging/collecting interest.

Question added Sep 27, 2018 Income Tax By ankush , CA , Indore

answers

1344 views

Q. Sec 43CA - Mr. A have a agreement to buy a flat at Rs. 100000/-as on 1.04.2012 from "B", he transfer this to Mr. C and registry made with Rs. 100000/- with the name of Mr.C but guide line value is Rs. 150000. Whether Sec. 43CA will be applicable on "B" and sale value will be increased by Rs. 50000/-?

Question added Aug 14, 2018 Audit By anand omprakash sarda , CA , Latur

answers

3368 views

Q. 44AD TAX AUDIT - SIR IF ASSESSEE HAS OPTED FOR AUDIT U/S 44AD IN F.Y. 2016-17 CAN HE OPT FOR PRESUMPTIVE TAXATION IN F.Y.2017-18

Question added Aug 10, 2018 Audit By anil agrawal , CA , Jabalpur

answers

3282 views

Q. MOU WITH CPA CANADA - PLZ LET ME KNOW HOW TO GET CPA CANADA MEMBERSHIP SO AS TO FIND OPPORTUNITIES IN CANADA

Experts Panelist

Rambabu Senkarasetti

Accounts, Audit, Corporate Law, Finance, Income Tax, Service Tax, Students, VAT

Answers Posted : 409

CA Satuti Mahajan

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 291

Vikash Kumar Jha

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Answers Posted : 270

Rishabh Upadhyay

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 257

Ashish Karundia

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, Income Tax, Service Tax, Students, VAT

Answers Posted : 257

Mrattunjay

Accounts, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 220

PRIYANKA

Accounts, Audit, Corporate Law, Excise, Finance, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 136

CA. SURESH Kr. AGARWAL

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 131

Vaneet Gupta

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 120

Ketan Samdani

Accounts, Audit, Corporate Law, Excise, Finance, GST, Income Tax, Service Tax, Students, VAT

Answers Posted : 117

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