Neev Garg

Respected sir I want to know why interest on national debt is classified as transfer payment and therefore it is not included in national income but why it is not considered as factor income as government avails credit facilities?


ARUN GUPTA
07 August 2022 at 01:05

Gst on rent for residential property

I am gst registered person and paying rent of Rs1924/ per month in cash to landlord. Bill is in my personal name. I received july 2022 bill in August 2022.How will I show in my books of proprietor ship firm residential bill? What will be the required journal entries? How much gst I am required to pay? Can I claim this gst? In which month should I claim? Please advise?


anuj kumar khaitan

One of the clients is a real estate developer under proprietorship and the project has received completion certificate in FY 2122. In this case all the bookings have been received after the issue of completion certificate and hence no gst has been collected by the builder on the same.Till FY 2021 all the expenses related to project has been shown as WIP.

However a good amt of expenses has been made after the date of completion certificate w.r.t the project. What should be the treatment of such expenses?Should it be capitalised or treated as revenue expense?

Also what method should be followed in this case. Percentage Completion Method or Project Completion Method.


MAHIMA TRADERS

Sir
Can anyone provide main object clause for import export,trading of medical equipments


Venkateshwarlu Pulluri

Dear sir/s, one of my client having business in two different states with separate GST registration numbers and taxable value of two states exceeded 10 crores for the year ending 31st March-2022, in this case is it mandate to generate e-invoice, please clarify


Aricles
06 August 2022 at 11:35

Date of Transfer of Ownership

Mr X transferred the shares of ABC Private Limited to Y Ltd. The Form SH-4, i.e., Shares Transfer Form was duly signed and stamped on 22nd November, 2021. The payment of relevant stamp duty was duly made on the same date. However, the consideration by Y Ltd. to X was paid on 04th January, 2022 for the shares transferred.
Y Ltd. considering ABC Ltd. as its indirect wholly owned subsidiary applied before NCLT for merger of ABC Ltd. with Y Ltd. and the effective date of merger is 01st December, 2021 as per the order.
The Articles of Association (AOA) of ABC Ltd. states that “If the company, within 30 days after being served with a transfer notice, find a purchasing member and give notice thereof to the proposing transferors, he shall be bound, upon payment of the price or of the fair value, to transfer the shares to the purchasing members.”
Considering the above facts:
1. What will be the date of Transfer of shares to Y Ltd.?


Kartika Dashora

I am apperaing for CA final exams in May 2023. I opted conversion from old course to new and also gave 2 final attempts in old scheme. Now I am going to appear my CA final exams in NEW SCHEME. Can I go for exams without completing my MCS training before appearing my exams?


Brijbhushan Gupta
06 August 2022 at 11:00

Going to UK FOR FELLOSSHIP AS DOCTOR

SIR AM GOING TO LONDON FOE FELLSHIP IN LIVER TRANSPLANT I AM MCH IN HEPATOBILIARY WHAT TO DO IN MY PPF ACCOUNT SAVING AND FD BANK ACCOUNT MUTUAL FUND KYC INCOME TAX STATUS OF RESIDENTIAL DR SAHIL GUPTA


Kamal Kishor Sharma
16 August 2022 at 08:38

Cma training

my cma intermediate registration date 13/10/2008 and cma final registration year 2014.
still have to go for practical training. after registration for final, for financial support to my self i had joined a college affiliated by Maharaja Ganga Singh University Bikaner Rajasthan as an assistant professor of Accounts and Business Studies.
i have experience certificate for such position, from date 01/12/2016 to 30/04/2019.
my query is whether this experience can be counted as training of icmai as per prescribed in appendix? although this experience is totally 29 months.
if i am exempt for practical training?


Sri nithi Thinakaran
06 August 2022 at 10:14

Continue my articleship in Singapore

Hi! Im srinithi i have cleared my ipcc and is currently working as an article in chennai and looking for firms in Singapore to continue my articleship in Singapore! Please do refer firms and friends who are working as an article in Singapore to email- nithithina@gmail.com. Please do reply!





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