When an immovable property in India is being sold by an NRI exceeding the value beyond Rs. 50 Lakhs, is the buyer in India, who is paying to the NRI the sale proceeds in Indian Rupee after deducting TDS, is liable to fill up Form 15CA.

IMPORTANT AND URGENT!!
Can we take Input Tax Credit of GST for insurance premium paid on Workmen Compensation Policy for a Private Limited Company??

Hi Sir,

Scenario -
ABC Pvt Ltd is a Registered Dealer, who claimed that they are not registere and issues a Non GST Invoice to XYZ Pvt Ltd i.e. without levying GST.
However, PAN No. shows active GSTIN.

Will there be any consequences, penalty which need to be borne by XYZ Ltd?

Dear Sir/Madam,

I request you to please clear my query regarding gratuity calculation.
As per Payment of Gratuity Act of 1972, if employee having completed 5 and more years of service in a company then applicable for Gratuity
but my question is, in that period employee on sick leave i.e. approx 2 years then he is applocable for Gratuity?
please confirm my said said query.
your co-operation will be highly appreciated.

Regards
Rajnish

As per Rule 4 of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, a company cannot pay sitting fees more than 1 lakh, which is corresponding provision to Section 197(5). Further, as per section 196(4), a private limited company is exempted from adhering to the provisions of Section 197 & Schedule V for providing remuneration to its directors, then how is suddenly Section 197(5) gets applicable to private limited company? Also, the starting statement of Section 197 is "The total managerial remuneration payable by a public company" and then all other subsections are in connection with the initial sub-section, then how Sub-section 5, out of nowhere, gets applicable to private company?

This was my understanding over sitting fees payable to a private limited company. I need to understand other expert's view in this regard, with interpretation method and supportings.

My client co-operative society is registered under Gujarat Sahkari Mandali Act,1962 and its business is to provide to provide credit facilities to its members.I have downloaded ITR-5 utility from incometax site to file its income tax return of A.Y.2019-20.In this return ITR-5, in General Information tab I select catagory AOP,but in sub catagory which option I should Select?Whether this Sahkari Mandali falls in Sub Catagory Societies Registered under Societies Registration Act-1860 or any law corresponding to that state(As it is registered under Gujarat Sahkari Mandali Act,1962,so it can fall in terms any other law corresponding to that state) or in Sub Catagory Other Co-opeartive society?

Kindly answer as soon as possible.

Which company prepare CFS? Pvt Ltd or Limited Companies?

What is the Meaning in Listed company and In that listed company only public company or Pvt Company or Both Company included? Kindly explain

Please advise us on following

We will purchased machinery of A Company Name and giving of lease rent to another sister Concern B Company .

So how this transaction will be accounted in both the units ?
Depreciation will be accounted in A Company ? or B
Lease rent payable to A?
What rate lease rent should be Paid?

Is compulsory to prepare Fund flow statement?.
Who will prepare FFS? Company or Anyother person?

Is their any prescribed form for application by registered trademark owner ? If not what is RD-1 Form is for ? Also what is government fees for such representation. Can it be done online.