Poonawalla fincorps
Poonawalla fincorps


Caanchal Rastogi
19 September 2020 at 14:11

One Man Company

A NRI wants to incorporate one man company in INDIA. Presently, he is out of INDIA. my question as under:

can a NRI do it?
is it necessary to present in INDA at the Time of Incorporation?


Tushar Acharya
19 September 2020 at 12:06

Full Partition of HUF u/s 171

I am, being Karta of HUF, going to make full Partition of HUF this month.
There is no immovable property in HUF. Only FDs are there. Most of FDs are matured and amounts are transferred to coparceners by book entries as well as bank transfer. But one tax saving FD maturing after 3 years transferred to coparcener by book entry but not possible to transfer amount by bank. Interest on tax saving FD will be received by HUF in future also. Can we say it is full Partition?
Onus for passing order u/s. 171 lies on assessee. What is the online procedure for the same?


Vibha Palekar
19 September 2020 at 11:03

Donations received in Kind

A Trust has received a second hand bus as donation. The trust has incurred expenditure for registration with RTO and insurance. How to account this bus in the Trust? And at what value?


DIVYESH JAIN
19 September 2020 at 08:49

Not happy with the job

Dear Sir/Mam,

This question I want to ask for my sister.

She is a CA and working in MNC from the past 2 years but she is not happy with her work. She is 24 years old.

She is into Treasury department working as an Assistant Manager. Problem she has with her job is that her senior doesn't involve her in the major work that happens in the department. He gives her part of his work that even a junior accountant can do. She remains upset because she is not able to grow because of his attitude. Also he tells her lies that he will take her to the meeting but when the meeting happens he doesn't take her. Her senior is not even a CA but an MBA-FINANCE. But because he is in the company from many years he knows most of the work. The problem is he doesn't want anyone to grow in his department and take his position in future as his importance will decrease.

Other people are also not happy with his attitude but they are not working with him so doesn't bother much. My sister is directly working under him. She has even told the head of treasury about this but no action was taken as the work is going on and since he knows most of the work no one can remove him from department.

I am a Professional so doesn't know how to deal with such a problem. If anyone can help what she can do to resolve this issue since she will not be able to grow properly in her career. She is in the best department of the company.

Regards,
Divyesh Jain


srinivasan ak
18 September 2020 at 23:04

Gift

Can I receive gift from my Mother's Mother ? If yes ? Under which clause of of relative definition under sec 56(2)(X)?


devalaksa
18 September 2020 at 22:00

Udyog aadhar

can we prepared invoice by using udyog aadhar for individual business


renu
18 September 2020 at 21:51

Short Tds on salary

Hello everyone
As there is a difference between short Tds deducted from salary and short Tds deposited, my query is regarding short Tds on salary deducted.

Being an employer, we deducted short amount of TDS from salary of an employee and paid him the net amount, for last quarter. But while depositing it to govt. we deposited some excess amount. So my query is now, how to adjust this short Tds deducted from employee salary, as we paid the balance amount to him and being last quarter no salary left where we can adjust this tds.


Prashant Balkrishna Thanekar
18 September 2020 at 17:00

Regarding Credit Note

Dear all

1) Our supplier raised credit note for discount difference against his invoices but not reverse gst in its credit note. My question is whether we have to pay gst on suppliers credit note or not.
2) Our supplier raised credit note for direct sales to some other party on our behalf. He directly raise sale bill to that party. But he passed credit note of discount diff to us for which he not reversed gst . Whether we have to pay gst or not


Kollipara Sundaraiah
18 September 2020 at 16:10

Cancel of gst registered

A gst registered regular scheme dealer cancel of gst registered.closing stock value rs 5 lacs.
Question:
1.closing stock treated in gst act.
2.cancel of gst registered after filling for gst returns.dealer turnover yearly below Rs:1 crore.


Kartik
18 September 2020 at 15:10

GST implication for salary reimbursement

We need to raise debit note to one of our sister concern towards salary reimbursement along with GST. The same sister concern are our sub contractor.

Kindly guide whether we should issue debit note or tax invoice for the same and how it can be shown under GSTR 3B and GSTR1.

Or they need to raise credit note???
Please Guide.