soniya
19 November 2019 at 12:46

FEMA

An Indian LLP wants to open a branch in Singapore, what will be the compliance which is to be followed in india?


Ashim kr Ray
19 November 2019 at 12:36

Dissolution of partnership firm

Sir,
Partners of partnership firm want to dissolve firm.And want to create Proprietorship firm now.

I want to know what are the formalities have to be followed. one of the partner want to retain the same name of the partnership firm in his proprietorship firm,is it possible. whether dissolution of partnership deed has to be created.
Please guide.


ARCHANA
19 November 2019 at 11:41

ITC20% Under Rule 36 in GST doubts

Sir,

As per New Rule, ITC 20% Under Rules 36 in GST I am having following:

My october Purchase input is SGST 10,800 CGST 10,800, IGST 1598.94

both purchasers are quarterly filing, so in this october month ITC will not shows in GSTR2A , how to file GSTR3B Oct month, how much input i have to take in GSTR3B the above rule applicable or not.

So I request kindly clarify my doubts

Thanking you


vikas garg
19 November 2019 at 09:03

Which ITR to fill

I have income from house rent and bank deposits. No salary income is there. Which ITR is applicable to me.


pavan

An Indian employee whose permanent job location and residence is in India working in private sector and temporarily on business visa for short period of time (1-3 months) receives daily living allowance during the stay in other country, will that amount be taxed in India?
If YES,  
a. please provide related section which refers to this in the IncomeTax Act
If NO,
a. please provide related section which refers to this in the IncomeTax Act
b. please let me know whether such amount need to be mandatorily mentioned under 'Exempt Income: For reporting purposes' in the ITR form while efiling   


PARTHA PRATIM MUKHERJEE

How to adjust the amount lying in OTHERS column of Electronic Cash Ledger with monthly liability as in GSTR-3B


Ratna Reddy
18 November 2019 at 21:02

CGST AND IGST CLAIMED INSTEAD OF IGST

GOOD EVENING ALL, IN THE MONTH OF DEC'18 I HAVE CLAIMED CGST(5,00,000) AND SGST(5,00,000) INSTEAD OF IGST(10,00,000). HOW TO RIVERSE THIS WRONG CALIM IN THE MONTH OF SEP '2019 RETURN ? I DONT HAVE ENOUGH CGST AND SGST BALANCE TO RIVERSE THIS CALIM SINCE WE GET ONLY IGST INPUT.
SINCE I DON'T HAVE ENOUGH CGST AND SGST BALANCE CAN I RIVERSE THE SAME WITH IGST BALANCE AS LIKE WE SET OFF WHILE PAYING OUTPUT?


PURUSOTTAM PANDA
18 November 2019 at 18:15

Response to outstanding demand

Respected Sir,
An ITR has been filed with wrong TAN mentioned in the Schedule-TDS. The ITR has been processed disallowing the TDS, consequently, a demand has been raised by the CPC.

A request for rectification u/s 154 has been filed after correcting the TAN.

Is it also necessary to respond to the demand notice u/s 245? Whether the CPC will close the demand notice suo moto after processing the rectification request?

Thanks & Regards,
Purusottam Panda



knmurthy
18 November 2019 at 17:30

Query related to gst on transportation

Sir, i have made interstate purchases of 5% from registered person.Transportation of goods done by unregistered person,now what is the taxable provisions regarding transportation? is it exempted or Reverse charge mechanism applicable? If so,then which percentage?


Manish G Nair

As per Explanation 3 to Sec.2(1A), any income derived from saplings or seedlings grown in a nursery is deemed to be agricultural income.
Also, Clause (a) to the said section states that any rent derived from Land which is used for agricultural purposes is agricultural income.
If so, can it be said that Land rent recieved from an nursery is agricultural income?