CA Queries - Ask Questions & Get Expert Answers

Ask your professional queries on Income Tax, GST, TDS, Audit, ROC/MCA compliance and accounts. Get answers from CA/CS/CMA experts and community members on CASANSAAR.

All Categories
Income Tax (1633)
Students (770)
Service Tax (497)
Corporate Law (465)
Audit (399)
Accounts (340)
VAT (277)
GST (145)
Excise (106)
Finance (105)
Banking (46)
FEMA (40)
Custom (29)
Shares & Stock (18)
IFRS (18)
Income Tax Software (5)
Cost Inflation Index (1)

Recent

Recent Questions

Question added Jul 21, 2015 Income Tax By Sonali Adeshara , CA , Ahmedabad

answers

346 views

Q. Capital Gain - Hello, one of my client got notice for non filing of return for F.Y 2012-13. now we can not file the return. how to deal with such cases?

Thanks in advance

Question added Jul 14, 2015 Income Tax By Jarnail Singh , CA , Bathinda

answers

243 views

Q. TDS U/s 194 C on Transport Charges - Can a Truck operator Union Submit the declaration U/s 194 C for non deduction of TDS ?? they are hiring trucks from others i.e. no ownership

Question added Jul 12, 2015 Income Tax By PRAKASH KUMAR SINGH , Rishra

answers

330 views

Q. 194 DA - Hi all,

Tds has been deducted u/s 194 DA @ 2%,for the proceeds under life insurance policy amounting Rs 42,000.As per section 194 DA,Tds is Deducted only for those policies which donot come under the ambit of Section 10(10D) i.e,Tds is deducted for those proceeds which are not Exempt. Still I have to confirm about the proceeds of Rs 20,58000 that I have Received,Total maturity proceeds was Rs 20,58000 +42000(tds)=Rs 21,00,000.And total premium paid by me is Rs 15,00,000. If its taxable with the entire proceeds received be taxed i.e Rs 21,00,000 or the amount received less premium paid,i.e (21,00,000-15,00,000)=Rs 6,00,000, If yes then under which head??

Question added Jul 12, 2015 Income Tax By Hakeem Shaikh , CA

answers

225 views

Q. 12A & 80 G - If company registered U / s 8 of the companies Act 2013 wants to take benefits u/s 12A & 80 G it has to take separate registration u/s 12A & 80 G of income tax act

Question added Jul 12, 2015 Income Tax By Hakeem Shaikh , CA

answers

315 views

Q. 12A & 80 G - If company registered U / s 8 of the companies Act 2013 wants to take benefits u/s 12A & 80 G it has to take separate registration u/s 12A & 80 G of income tax act

Question added Jun 29, 2015 Income Tax By ashutosh , Moga

answers

276 views

Q. pan card - i have two pan card i want to delte one so i apply on line can u plz tell me how much time to take delte my pan card num

Question added Jun 26, 2015 Income Tax By PREETI MANGLIK , CA , Ghaziabad

answers

252 views

Q. donation - Can be give donation of immovable property to NGO. Confirm whether any capital gain will arise or not

Question added Jun 25, 2015 Income Tax By Akshay Kumar , CA , Gurgaon

answers

170 views

Q. TDS - Is there any exception to Circular 01/2014 regarding deduction of tds on basic amount only.

Question added Jun 25, 2015 Income Tax By Akshay Kumar , CA , Gurgaon

answers

285 views

Q. TDS - Is there any exception to Circular 01/2014 regarding deduction of tds on basic amount only.

Question added Jun 24, 2015 Income Tax By J B GUPTA , CA , New Delhi

answers

260 views

Q. 15 ca & 15cb - While issuing 15CA & 15CB AGAINST ADVANCE PAYMENT OF IMPORT WHAT DOUCMENTS WE SHOW ASK FROM THE CLIENT

Question added Jun 20, 2015 Income Tax By kailansh gupta , East Delhi

answers

211 views

Q. TDS - 194I - TDS u/s 194I limit is Rs 180000 is inclusive of Service Tax or Exclusive of Service Tax.

Question added Jun 19, 2015 Income Tax By Aanand kumar karn , CA , North Delhi

answers

661 views

Q. WHETHER TDS IS APPLICABLE IF A CO DOESNOT OWN ANY VEHICLE BUT PROVIDING TRANSPORT FACILITY BY TAKING VEHICLE ON RENT? - Dear Sir, I have a doubt related to Section 194C. My company does not own any vehicles but we provide transportation service to others and Income is also not computed U/S 44AE. So, for claiming exemption from TDS is it necessary to fulfil both the conditions?

Anwered By : PRIYANKA

Question added Jun 19, 2015 Income Tax By Aanand kumar karn , CA , North Delhi

answers

729 views

Q. TDS ON TRANSPORTER U/S 194C - Dear Sir
I want to know that my company does not own any vehicle. So, according to section 194C can I claim exemption even if my income is not computing u/s 44AE.?? Is it necessary that vehicles have to be less than 10 and income have to be computed u/s 44AE.

Anwered By : PRIYANKA

Question added Jun 17, 2015 Income Tax By ASHA RITESH VORA , CA , Jabalpur

answers

705 views

Q. TDS ON PURCHASE OF A PROPERTY FROM JOINT OWNER i.e 6 SELLER AND 3 BUYER BUT REGISTRY OF PROPERY ONLY ONE DOCUMENT - ONE OF MY CLIN HAS PURCHASE A PROPERTY FROM JOINT OWNER i.e. 6 OWNER AND PURCHASE BY 3 WITH JOINT NAME. CONSIDERATION RS. 1.10 CR., MY QUESTION IS THAT WHETHER LIABILITY OF 1% TDS U/s 194IA WILL ARISE OR NOT, AND IF ARISE SO WHETHER FORM NO. 26 QB FILL FOR EACH SELLER OR ONLY ONE FORM WILL BE FILL AND SUBMITTED... PLZ REPLY

Anwered By : PRIYANKA

Question added Jun 17, 2015 Income Tax By cabhavukgarg , CA , 110075

answers

254 views

Q. income tax sec 80IB - a industrial undertaking started manufacturing computer speakers in jammu in FY2011-12 , started claiming deduction from FY 2011-12. during Fy2014-15 , it undertakes substantial expansion by addition in plant and machinery and equipments ,manufactures speakers only , no new item added . will it be eligible for 100% 80IB deduction , being 4th year , in Fy 2014-15 despite of fact that substantial expansion had taken place in the same unit at the existing place ?

Question added Jun 10, 2015 Income Tax By Rakesh Kumar , CA , Delhi

answers

316 views

Q. Depreciation in the case of finance lease - Here, I want to know whether depreciation expense can be claimed by the lessor u/s 32 in the case of finance lease. The Question is arise because, As per AS-19 the lessee can claim extra depreciation on leased asset in the books in case of finance lease but income tax disallow the depreciation as you know about it and it becomes timing difference as per AS-22 and DTA/DTL wil be created. If, the depreciation expense on leased asset (finance lease)is not provided to the lessee whether asset given on lease by the lessor (finace lease) can claim depreciation on such leased asset.

Question added Jun 09, 2015 Income Tax By Saurabh Aggarwal , CA , North West Delhi

answers

327 views

Q. TDS on Foreign remittance - IF royalty payment is to be made to foreign company based at Singapore have the TRC certificate but does not have the PAN Number, at what rate TDS would be deducted

Question added Jun 06, 2015 Income Tax By B C Jain , CA , KolkataM.C.

answers

338 views

Q. loss on unused discarded assets in the case of a Govt Co - a boiler was being installed in a power co , but it was not found to be useful and therefore the value thereof was discarded after 2 years ? The co claims it be a revenue exp , whereas the dept disallows it as capital loss ? pl advise correct position

Question added Jun 05, 2015 Income Tax By SAROJ RANJAN MAHARANA , CA , Brahmapur

answers

274 views

Q. amount received by partner after partnership firm sold out - partnership firm sold out to another enterprise amount received is more than the closing capital on the date of selling. treatment of the excess amount received on the sale of partnership firm.

Question added Jun 03, 2015 Income Tax By Abhinav , CA , Alwar

answers

149 views

Q. 269SS and 269T - whether sale consideration recd in cash on sale of property including agriculture land attract provisions of 269SS and 269T

Question added Jun 03, 2015 Income Tax By srinivas nandigam , CA , Hyderabad

answers

195 views

Q. set off loss - loss from card game can be set off aganist income from card game

Question added Jun 02, 2015 Income Tax By Deep jain , CA , Ghaziabad

answers

161 views

Q. 15cb - clerification on following payment made by export company

1.payment of import of material from china ,suppliers does not have any PE or any connection in india
2.payment of international exibition /fair participation-france/use/japan-organisor of fair does not have any PE and connection in india
3.payment of export commission to agent in china,japan -no PE and connection in india

in all the above cases under the followin column of 15 cb what has to be filled up

1.Taxability under the provisions of the Income-tax Act (without considering DTAA)

a.(a) The relevant section of the Act under which the remittance is covered

2.If any relief is claimed under DTAA-
(i) whether tax residency certificate is obtained from the recipient of remittance

3.B. In case the remittance is on account of business income, please indicate

Question added Jun 02, 2015 Income Tax By praveen , new Delhi

answers

172 views

Q. Return of Income - which ITR FROM IS REQUIRED TO FILL BY A RESIDENT IF HE HAS A FINANCIAL INTEREST IN AN ENTITY OUTSIDE INDIA, AS PER LATEST NOTIFICATION HE CANNOT FILE ITR1,ITR2 FOR ASSESSMENT YEAR 2015-16, THEN UNDER WHICH ITR SHOULD HE FILE HIS RETURNED INCOME.

Question added Jun 01, 2015 Income Tax By Atulkumar Lohiya , CA , Nagpur

answers

314 views

Q. Declaration u/s 194C(6) - Sir, whether the decalartion u/s 194C(6) can be submitted by a transport contractor not owning truck, but the transportation will be provided by hiring trucks. His transportation receipt in crores.

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

4894

QUESTIONS

4699

ANSWERS

833

EXPERTS

2729

QUERIST

CA Sansaar

CA Sansaar

CA Queries - Ask Questions & Get Expert Answers

Recent Questions

Experts Panelist