Bhaskaran Chackrapani Warrier's Expert Profile

Queries Replied : 22307

Graduate of Kerala University.

Fellow member of ICAI.

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Nanu Gupta says : Form 10 b - 143(1) notice
For AY 18 19 itr 7 was filed on 28th oct and form 10b was filed on 29th oct. Now notice 143 1 a is received saying audit form is not filed along with or before due date of. How to reslolve this?

srinivasan ak says : Clubbing of income
If an individual say Mr.X transfers a house property to his wife Mrs.X for an inadequate consideration then Mr.X is considered to be the deemed owner. In the above case If Mrs X, sells the house property and gets capital gains then it should be clubbed in the hands of of Mr X. My query is that to avail any eligible capital gain exemptions, who has to make investment? Is it Mr X or Mrs X?

CMA Srujan Kumar says : Deduction under section 80DD
Dear Chackrapani Sir, My Uncle is a Govt Teacher and He want to calim deduction u/s 80 DD for his dependent daughter. She has 100% blindness. Can he claim the deduction u/s 80dd Rs.1,25,000/- even there is no much medical expenditure in the previous year except normal doctor consultation charges around Rs.2000/- for fever. Can he claim the deduction as she is a dependent and amount is incurring against her maintenance?

ashish agrawal says : Correction of company account
Sir A pvt LTD company wrongly written off some of its investment by sec.premium account by passing a jrl entry,RS 5 cr. - FY :2017-18 - ITR filed within due date, processed online, ROC return has been filed Now company found the error and want to revert that. 1. Can be rectified u/s 154? or any other way out to change the BS and xml 2. Can roc return be changed,or submit amended BS by holding EGM 3.chances of IT scrutiny. 4. FY: 2018-19 ITR is pending 5. Tax audit not applicable for any year

CA KHUSHBU PATEL says : GST
MY ASSESSEE RUNS A PETROL PUMP ( PARTNERSHIP FIRM) . THEY USE THEIR OWN TANKERS TO FILL PETROL & DIESEL FROM ESSAR OIL LIMITED. ESSAR OIL REIMBURSES THE TRANSPORTATION CHARGES FOR THE SAME.WHETHER GST IS APPLICABLE ON SUCH REIMBURSEMENT ? IS GST APPLICABLE ON INCENTIVE INCOME & OTHER REIMBURSEMENT OF EXPENSES?