Anonymous
29 October 2018 at 16:59
A payment is made under GST regime say in September 2017 for an invoice which relate to Pre GST say May 2017. Its a work contract invoice and TDS which was applicable under VAT law is deducted and remitted to the Commercial Taxes department by the Payee in Sept.2017. Certificate of Tax deduction is also issued. Since there is no VAT return after June 2017, the same could not be filed with a claim of the TDS amount
How to claim this amount and from whom to claim. Will this come under Transitional credit claim or how to claim this amount, or adjust this to Liability.
Anonymous
29 October 2018 at 13:24
I have a fd account for which I am submitting form 15h to bank every year on first week of April.
This year too I have submitted the form on April 2018.
However in the month of August I have closed the fd account from the bank and I have transferred the amount to another bank. In this new bank I am opening new fd account.
Now while submitting form 15 h for this new bank what should I enter in point no.17. "Details of Form No.15H other than this form filed for the previous year, if any-Total No. of Form No.15H filed".
In the month of April 2018 I have submitted the form to the old bank but for the same amount.
Kindly advice.
Thanks & Regards.
Ayush
27 October 2018 at 23:45
mere comercial car ka tax jada ho gya hai to
uske liye kaya kare ki tax thoda bahut bach
jaye
Nagalaxmi
27 October 2018 at 21:02
Dear sir/madam,
I have applied for education loan of 5 lac for my daughter in 2013. I am the MOTHER and Every month an intrest of 999rs for the first installment gets deducted from my account . As of this year 2018 an EMI of 12000 started getting deducted.it is a joint account of my daughter and husband.I am registered as only the third party guarantee on the loan annexure. And since I am paying the EMI I want to claim the income tax benefit. Can I as a mother claim the income tax benefit?? I contacted the bank for an account statement but it only shows my husband and my daughter's name and since my daughter was a minor at the time of taking loan. It only shows that money gets deducted from my account to my husband account.( Can I use the EMI payment for income tax benefit?. If not y???)
kalyan
27 October 2018 at 12:50
Hi respected experts,
am at final stage of my chartered accountancy course, mostly i will have the knowledge of Income tax act, Goods and service act, customs law, Companies act ,FEMA act, SEBI regulations etc.
but various business sectors will be governed by various central and state acts.
if i got new client in diff sector like chit fund business or co-operative sector like that...
how i will get the information that,,, which act will govern that particular business.... since we have more than thousand act...
kindly help me in this regard .....
Stephenmarks
24 October 2018 at 18:35
Dear sirs, as far as I know, a buyer can request or issue notice to seller to file Gstr1 to claim buyer's itc. Inspite of our prompt filling of gstr1a company has blocked our payment claiming we have not filed Gstr3b. Is it appropriate? Do they have rights?
Anonymous
22 October 2018 at 17:30
Dear Sir,
I am working in a CHA Firm, we dispatched material from Nahava Sheva to panoli (Gujrat) while generating E way bill the transporter given a vehicle No.MH06AQ0844, but material dispatched through vehcile no is MH46AF4164, but next day we came to know that vehicle number is changed and we updated the correct vehicle number in E way bill portal, but vehicle reached at maharashtra boarder, when officer check the eway bill he came to know that vehicle number changed, for this he charged us 18% IGST and 18% penalty on imported goods which we already paid to customs, again he charged us 18% IGST, he issued us memo in this matter, Total amount he charged of Rs.27,35,000/- Penalty we can understand but why we paying doubble IGST @18% Which we already paid to custom.all the customs paper paid Bill of Entry challan are ok, now that officer dont understand is he doing right way, please help us in this matter what we supposed to do , our party is suffering from this, its a small mismatch in vehicle no. requesting you please reply me on this matter, waiting - Sarika
MD Fasial
18 October 2018 at 15:55
Sir
1.We are Government Civil Work Contractor. We do contracts in UP Housing Board, PWD, UPRNN, SKNN etc.
2. My assessing authority imposing service tax demand on advance received during service tax regime from UP Awas Vikas Parishad against bank guarantee (on same bank guarantee we paid Margin money or Bank charges for the same).
3. Service Tax department making point that 10 Crore which i received as mobilizations against B.G. is advance for my work and UPAVP charged TDS on the same.
4. We are opposing that UPAVP provide mobilization advance against B.G. and deducted from our 10 running bills. So liability under the provision of Point of taxation of service tax will not be charged because we take it as loan and we repaid in 10 running bill in a row.
Please enlighten us on above points
thanks & regards
Advocate
Faisal
7565999957
DINESH SATIJA
17 October 2018 at 20:40
by on 17 October 2018
CAN A SOCIETY WHICH HAS BEEN EXEMPTED FROM THE PAYMENT OF INCOME TAX AND SERVICE TAX AS WELL BE AUDITED BY CAG. THE TOTAL AMOUNT SAVED BY THE SOCIETY ON ACCOUNT OF INCOME TAX AND SERVICE TAX PER YEAR IS AROUND INR 150 CR.
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Implication of sale of company's property
Dear Experts,
I came here with a doubt, am a Practicing CA, and one of my Client is the Director of a Private Company indulged in Fabrication of Steel & wood structure. And they have sold a Property which belong to a Company. Now we are about to file IT Returns of the Company, and yeah the Property is sold at profit. My question to you, is whether I need to consider the profit (sale of Property) with the normal business profit, if yes how to show it in IT Returns or the profit attracts Capital Gain if this is correct how to note the same in IT Returns, please clarify. And your reply is appreciated and waiting for your valuable reply