Prashant
01 January 2025 at 17:44

Taxds on training

On Corporate Training Programme what is the TDS rate applicable?


jeenia
01 January 2025 at 17:28

CA Final Group 2 after a gap of 10 years

I had cleared Group 1 of CA final in Nov 2014 attempt, I want to complete CA now, and want to appear for Group 2 in May 2025, am I still eligible to appear? Would I be exempted from appearing in Group 1 since I had already cleared the exam.
Also, I had renewed my registration 2 years back, but could not appear for exams that time.


Daya
01 January 2025 at 16:25

IPO price per share how to know

How can i know any company IPO issued what is final issue price per share,
Like Vishal Mega Mart share issued on 17th December 2024.


Hukam Chand

"Happy New Year"
"Greetings for the day"
Dear CA Club Team,
I took multiple Letter of Credit (LC), Bank Guarntee (BG) from multiple Bank as well as i took an Cash credit limit (CC) approx 2Cr for full fill our company working capital limit and also i have to submit the Stock Statement with the Bank but i have an issue in front of me How LC and BG impact on my Monthly Drawing power(DP) Because Stock + Debtors-Creditors but Creditors and debtors will be depending on the LC & BG based. How can i resolve for it Kindly Give me some Resolution and practical aspect and example while i could be used in my business secnerio Please share with me the suitable example whose covered Drawing power (DP), CC Limit, LC, BG etc.
Please


Daya
01 January 2025 at 16:02

GST ITC on Employee Uniform

whether GST input can be claimed on employee uniform provided by the company


Rajkumar Gutti
01 January 2025 at 15:49

Grocery given to poor people

We have purchased grocery items, like as Rice, wheat, soap, sugar, tea powder, edible oil, pulses, etc and distribute to poor people as a donation ( this is not our trading commodity ).
Yearly our purchases near about 2 crore.
Can we are liable to pay tds under 194 Q ( Tds on Purchases of Goods ) .
Is said grocery comes under definition of goods


P.Madhivadhanan
01 January 2025 at 13:57

Section 50C vs 56(2)(x)

An assessessee who purchased a property for Rs.1crore whereas as per stamp value is Rs.1.50 crores. The assessee deducted TDS u/s 194IA on 150000 stamp value and paid the 9850000 to the seller by way of cheque. As per income tax act 50C Will attract to the seller. Suppose, if seller paid the capital gain tax on the basis of sale consideration as stamp value even then 56(2)(x) attracts to purchaser.


Suresh S. Tejwani
01 January 2025 at 13:28

Regarding demand on revised return

I originally filed return within due date but department has not allowed to carry forward the loss of short term capital gain.
So i revised the return but in revised return again department has not allowed the same and raised the demand for revised return of rs. 1,000.
what to do in that case..??


ATUL

SUBJ
CANCELLED / SURRENDER GST NO IMMEDITELY IN 2017 CAN BE REACTIVATED ?????
OR ON SAME PAN CARD CAN I APPLY FOR….FRESH GST NUMBER




SIR,
MY CLIENT ALLOTED GST NO IN 2017…..BUT HE HAS REALISED…..PRACTINOR HAS APPLIED WRONGLY
HE HAS REAILER ….INSTEAD OF…COMPOSITION HE HAS GOR REGULAR DEALEAR

SO HE HAS…..SURRENDER IMMEDITELY….GST NO….WHICHIS CANCELLED BY DEPT

NOW TO BUSINESS NEED
HE IS ONLY MEMBER…..SO HAVING …ONLY…ONE PAN-CARD

CAN HE MAKE FRESH APPLICATION FOR GST NO
OR
HOW TO GET…OLD GST NO….GOT ACTIVATED ?????

ANY SOLUTION….ONE MAN….ONE PAN CARD…...TO GET …GST NO AGAIN ????


Suresh S. Tejwani
01 January 2025 at 11:55

REGARDING FORIEGN REMITTANCE EFFECT

WHERE FORIEGN REMITTANCE NEED TO BE SHOWN IN ITR? AND FINANCIAL STATEMENTS?





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