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swetha
29 June 2021 at 12:25

Interest on investment received

A raised investment from various sources for his business through cheques Rs 40 lakhs and agreed to pay interest 50% i.e 1960000 as interest. Is this interest allowable a deduction expenses under incometax or is there any limit to claim interest paid amount for proprietor ship. explain


Kollipara Sundaraiah
29 June 2021 at 09:58

Emi pay amount claim person

Sir,
It assess monthly EMI payment through on assess bank account.if houseing loan taken and house purchase registered both for wife name.
Question:
EMI payment amount (principal and interest) claim wife or husband itr show in it act.


ATUL BANSAL
28 June 2021 at 23:39

Resubmission of form spice +

The proposed name(s) is/are identical with /
resemble(s) too nearly to the name of an existing Company / LLP “CITY HOSPITAL AND RESEARCH CENTRE PRIVATE LIMITED
”. Hence, it is undesirable as per the provisions of Section 4(2)(a) of the Companies Act, 2013, read with Rule 8
and Rule 8A(1)(d) of Companies (Inc) Fifth Amendment Rules, 2019.
Submit NOC from the concerned body corporate
through a Board Resolution or apply for fresh name(s)
NOC to be provided along with copy of PAN card of the TM
holder / authorised signatory in case of a body corporate


Preeti

Hello, I've newly started a business with an online shop and I have gotten the IEC Code. I want to use DHL/Fedex to ship orders. I read that I have to also get Bank AD Code from my current account bank.

I want to know
1) What port am I supposed to register it at if dhl is the one sending the shipments? I'm from Bangalore.
2) Can I register the bank AD code with customs myself ? If so, please let me know where and how I can do the same?

Thanks for your time and help. I appreciate it very much.


Harshal Jain

I recently analyzed section 43B of the Income Tax Act regarding allowing certain expenses on a payment basis. Point B of the same section is regarding the contribution by an employer to the welfare fund of employees. While it is clearly stated that the employer's contribution to PF would be allowed as a deduction only if it is paid on or before the due date of filing of IT returns by the employer, there is some confusion regarding the deducted part of the employee's salary. Section 36(1)(va) states that an employee's contribution to PF would be allowed as a deduction to the employer only if it is deposited before the due date of the relevant Act. Different high courts have different judgments on the same.

Can anyone clarify whether an employee's contribution to the PF would be allowed to the employer as per the provision of section 43B or section 36(1)(va)?



Avanti Maheshwari
28 June 2021 at 21:24

Resignation of partner from LLP

If a partner resigned from CA firm (LLP) , do he / firm ( remaining partners )have to inform ICAI about this ? If yes , how except filing form 3&4 LLP ?


KULDEEP
28 June 2021 at 20:52

Freight subsidy in haryana 2020-21

What is the last date bad which period applicable


Tara Jain

Mr. A opened a demat account in a bank and make share transaction through it. Some of the share transaction are intraday with out any delivery while others are transaction having with delivery. That the share transaction are carried on all through the year. That during the year such transaction have crossed the turnover limit u/s 44AB. I want to that under what head will the Income be taxed for transaction with delivery? Will it be capital gain or business/ Professsion? If it will be Business/ Profession how will the turnover be calculated. Please Guide.
What will be the case for Intraday Transaction?


meena sharma
28 June 2021 at 17:41

Refund of RCM

Can we claim refund of RCM paid on Inward supplies on accrual basis but due to some reasons no Inward supplies has actually been received?


TARIQUE RIZVI
28 June 2021 at 17:37

MGT-7 & AOC-4 & ADT-3

Respected Sir,

MGT-7 & AOC-4 & ADT-3
====================
These are the documents which are filed with ROC, Can anyone guide me as I want to know the meaning of these filings with ROC.

TKS WITH KINDEST REGARDS













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