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Recent Questions

Question added Apr 20, 2018 GST By SEEMA SHARMA , CA , North West Delhi

answers

692 views

Q. GST ON COLD STORAGE - Please guide, from where i get the reference that gst rate on cold storage of agricultural produce is NIL?

Question added Apr 15, 2018 Income Tax By Sumit Mittal , CA , Gurgaon

answers

475 views

Q. ITR Form 1 - As per new ITR Form 1, person who is having income from one house property is eligible to form itr in form 1. If a person is having two house property and one is self occupied and another rent out. Will he be eligible to submit ITR Form 1

Question added Apr 13, 2018 GST By SNEHA

answers

659 views

Q. GST RATE - There is a building whose 90% construction is completed prior to the implementation of GST. Occupancy Certificate from the Municipal Department is awaited as on today.
Queries are:
1) As construction of 90% has been completed prior to the implementation of GST, can any ITC be claimed (if yes, to what extent)?
2) What would be the percentage (rate) of GST prior to receipt of Occupancy Certificate?
3) What would be the percentage (rate) of GST after receipt of Occupancy Certificate?
What is the stand on GST if the number for flats are Less than 10.

Question added Apr 07, 2018 GST By avinash agarwal , CA , rourkela

answers

666 views

Q. GST - IS THERE ANY CIRCULARS OR ANY REFERENCES FROM WHERE THE DEPARTMENT OR AGENCIES OF CHATTISGARH CAME TO CONCLUSION OF NON APPLICABILITY OF GST ON THEM, SUCH AS PWD, PMGSY, CGRDA ETC ETC...

PLZ GUIDE

Question added Apr 07, 2018 VAT By Ram Niwas

answers

1128 views

Q. How to Change Prop in Firm - Dear Sir, I want to change my Prop. in the firm but stock held in last firm. I wanted to migrate stock in new firm but without paying GST tax. Please help me.

Question added Mar 17, 2018 Income Tax By CA. NIRANJAN PURANDARE , CA , Indore

answers

627 views

Q. TDS ON PROVIDENT FUND - W.e.f. 01/06/2015 the Trust / administration of Recognised provident fund is required to deduct TDS @10% on the payment proceeds of PF balance to the employees u/s 192A if that employee has not served continuously for the period of 5 years as provided in the Schedule IV Part A read with Rule 8 of the I.T. Act, 1961 in that regard.
However there is a provision in favor of such employees who have not put in more than 5 years of service provided the termination of employment is on account of:
1. Ill health of the employee.
2. Contraction or Discontinuance of the employerâ€™s business.
3. Other cause beyond the control of the employee.
I want to understand that what are the circumstances which can be termed as â€œbeyond the control of the employeeâ€ which would satisfy the A.O.â€™ s requirement and allowing such proceeds to be exempt income in the hands of the assessee.
Are any case law in favor of employee on this issue with citations?

Question added Mar 13, 2018 Students By SushantSingh , New Delhi

answers

630 views

Q. Articleship deed - Is there any issue if i have not purchased my stamp paper on the joining date of articleship

Question added Mar 13, 2018 Students By SushantSingh , New Delhi

answers

1158 views

Q. Articleship deed - I want to know the format and content of articlship deed with principal on stamp paper.

Question added Mar 07, 2018 Accounts By BIJESH , Rohtak

answers

638 views

Q. MSME Act - Defintion of plant and machinary under MSME act include whether Vehicle , computer, Furniture

Question added Mar 07, 2018 Accounts By BIJESH , Rohtak

answers

609 views

Q. MSME Act - While calculating value of Plant and machinary under MSME Act , defintion of plant and machinary include vehicle,computer, furniture.

Question added Feb 23, 2018 Income Tax By KAUSHAL MITTAL , Siliguri

answers

612 views

Q. Defective Return - A group of person formed a Trust for Religious purpose during the Previous year 2016-17. The trust is not registered under 12AA of Income Tax Act. They Simply made a trust deed and applied for PAN. During the previous year they, as a trustee, deposited donation amount in the bank account of trust and invested it as Fixed Deposits. TDS was duely deducted by bank on FD interest and same has been reflected in 26AS.

Now, on the basis of the above ITR-7 was filed. After processing of the return by CPC, it was found to be defective with error description as "Assessee has filed ITR-7, and has not claimed any deduction/ exemptions U/s 11 or clauses of Sec. 10 or Sec. 13A or Sec. 13B in schedule Part B-TI of the return".

The communication Letter also provides with the probable solution as "if eligible for exem. / deductions under the above mentioned section, the same needs to be claimed. Incase the assessee is not an institution req. to file return U/s 139 (4A) or (4B) or (4C) or (4D) or 139(4E) or 139(4F) the return should be filed in prescribed ITR 1 to 6, as applicable"

My query is whether the assessee is wrong in filing ITR-7, if yes, then which form should be filed.

Kindly help with the solution.

Thanking you in anticipation.

Regards.

Question added Feb 22, 2018 Income Tax By anirudh , CA , KARNAL

answers

698 views

Q. INCOME TAX - WHETHER MANDATORY DEDUCTION OF NPS FROM GOVT EMPLOYEES ELGIBLE FOR DEDUCTION U/S 80CCD(1b)

Question added Feb 22, 2018 GST By sunil kumar , CA , Mysore

answers

668 views

Q. GST TAX RATE - TAX RATE ON ICE CREAM PARLOUR WHICH ALSO SELLS SNACKS

Question added Feb 22, 2018 GST By sunil kumar , CA , Mysore

answers

611 views

Q. GST TAX RATE - TAX RATE ON ICE CREAM PARLOUR WHICH ALSO SELLS SNACKS

Question added Feb 20, 2018 Income Tax By zofor poyam , East Delhi

answers

560 views

Q. How to claim refund in ITR under section 10(26) Income Tax A - I m a salaried EE n TDS was deducted by ER but m exempted form income tax as per section 10(26) of Income Tax Act, Der is no such option in ITR 1 form for claiming exemption. I asked many no 1 kwns how to claim refund in dt case plz help me out

Question added Feb 20, 2018 Income Tax By divya , CA , Delhi

answers

492 views

Q. TDS - Anyone have any idea about TDS return revision time period??

Is it possible to revise the return for the FY 2009-10 now??

Question added Feb 19, 2018 Corporate Law By Krishna varma , CA

answers

712 views

Q. Ind AS Applicability - if A, B, C companies are merging with D Company in F.Y 2017-18 & A company is having net worth of more than 250 Crores and less than 500 crores for which Ind AS is applicable from 1.4.2017. After merger whether D company has to follow Ind AS or Indian GAAP for preparing its financial statements for the year f.y. 2017-18???

Question added Feb 12, 2018 Income Tax By CA Shraddha Vora , CA , Mumbai

answers

643 views

Q. TDS on property (Form 26QB) - An assessee has paid tds on a property purchased from a builder in F.Y.2014-15. Now in F.Y 2016-17 if due to some reason he wants to cancel that property and buy another property from the same builder. Whether he will be required to deduct TDS again or we can adjust the TDS amount..how will it work??

Question added Feb 09, 2018 Income Tax By CA Gaurav Juyal , CA , Ambala

answers

499 views

Q. Deduction of 80 IB(10) - we have claimed 80IB (10) deduction for constriction of flat in A.Y 2012-13 and all the condition of 80IB has been full filed. but deputy commissioner of income tax disallowed the deduction because we have claimed the deduction on the basis of NOC issued by the local authority for electricity treat this NOC as a completion of certificate. so Please give your suggestion

Question added Feb 08, 2018 GST By Mani K , Chennai

answers

590 views

Q. Tran-1 - a) We have unutilized KKC Creditâ€ on 30th June 2017.
b) Can this be carried forward to â€œTran-1â€ under Sec 140 of CGST.
c) While on this , we are manufacturer and a out put service provider as well.
d) Is it a eligible credit for â€œTran-1â€ or not sir- please enlighten me.

Question added Feb 07, 2018 Income Tax By Naveen singh , CA , South Delhi

answers

599 views

Q. TDS on EPF Wothdrawal - In case of NO pan, tds @34.6% is dedcuted in case amount is more than 50,000.
My question is Will tax be applicable on amount over & above 50k or inclusive of 50k

Question added Feb 06, 2018 Students By Parul bansal , CA , Gurgaon

answers

608 views

Q. Marksheet - How to get marksheet by post

Question added Feb 03, 2018 Banking By RAKESH SHARMA , CA , Chandigarh

answers

859 views

Q. BANK BRANCH AUDITS - CAN WE ASSESS THE 3RD LIST OF FIRMS SENT BY RBI TO BANKS FOR ALLOTMENT OF BANK BRANCH AUDITS FOR 2017-18 PICK AND CHOOSE BASIS

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

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

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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