Anonymous
01 October 2018 at 12:34

Whether to apply for cop or not

Dear friend,

I have completed my Finals in May 2018 and I am intending to join as a paid assistant in a CA firm. I want to know Whether I can hold a COP in such case. If No, please suggest me any other alternative (apart from partnership) through which I can hold COP by working in the said firm , Since I intend to set up my own Practising Firm in Future.


k.b.nagesharao
01 October 2018 at 12:14

G.s.t. reg.

Dear Experts,

In the case of death of proprietor Shall the legal Hairier shall continue the same firm.If yes what are the documents to submit to the GST OFFICE..Kindly treat this as most urgent please give your valuable reply. If no shall we close the firm and open new one in the same name.Please help me.
Thanks in advance,
K.B.NAGESHA RAO
9448826793


Rajkumar Gutti
01 October 2018 at 12:14

Un register dealer supply & rcm

UNREGISTERED DEALER MADE SUPPLY TO REGISTERED DEALER
RCM PROVISION IS SUSPENDED TILL 30.09.18.

IS SUSPENSION IS CONTINUED .IF YES PL.GIVE NOTIFICATION NO.

PLEASE GIVE INFORMATION

REGARDS
RAJKUMAR GUTTI


DHEERAJ KUMAR
01 October 2018 at 11:43

Requirement of pan

Dear Sir

We are a public limited company

we have to make payment of Rs. 10000 towards professional charges to and individual and we are not going to deal in future with that individual.

TDS is not applicable but whether we still require PAN to make that payment or TDS will have to be deducted @ 20% even if Limit is 30000 is not crossed

Kindly confirm at the earliest

Pl confirm


LABHESH RANSING
01 October 2018 at 11:09

Board resolution format

I Want Board resolution format Of auditor appoitments of co-operative society


Shagun Bansal
30 September 2018 at 23:54

How to show per unit cost in manufacturing

I manufacturer an item using raw material, electricity,labour . Costing ₹54/kg . Price break up -48+5+1. So how should I show my production in buzy software costing 48 /kg and then take out a sales bill of ₹55/kg or can I show costing ₹54/kg and then take out sales bill of ₹55/kg. Plz help


RAJEEV
30 September 2018 at 21:55

Income tax on maturity amount

I had a ICICI Prulife Life time Pension Plan II policy without any Insurance cover. I paid Rs 30000.00 per year for 10 years till 2016. I got the maturity proceedings with a maturity value of 5,67,000.00 (against a total premium of Rs 3,00,000.).The insurance company paid me the full accumulated amount
I would like to know income tax implication for above policy .
I would like to add the following
This was entirely a Pension policy.No Insurance. The death benefit as per my Application was ZERO.
Regarding the return of entire amount, the Insurance Company said as per rules I could commute only 33 .3% of maturity amount.But since return with balance in annuity will be around 6.5% and that too taxable ,they told me I could claim the full amount and I got it credited to my bank account.The original vesting date was 23/05/2016.(ten years after commencement of policy on 23/05/2006).As the fund value was not good at the time,I got the vesting date postponed to 01 Dec 2018.
Now the doubt persists on Income tax on amount received.(premium paid 300000.00 and maturity value 5,67,000.00)
Regards



pechey phipson
30 September 2018 at 21:29

Section 12a

We are a Public Trust that has 12A exemption on the basis that the Trust allows persons from a particular region ( Karnataka) irrespective of religion, caste or creed to reside in the Hostel run by the Trust.
This has been in vogue since the 1970's and 12a has been applicable.

One member now states that the Hostel must be open to all persons from all over India, which is opposed by the majority of members.
What is the correct interpretation for retaining 12A status?


Legal Assistance
30 September 2018 at 19:43

Gst on music shows done by indian artists

1. Whether GST is levied on performance by artists in music shows. One singer is our client, I want to know whether there is any exemption in GST. There was exemption in service tax on folk show upto 100000 per show.
2. what is the rate of gst on actors of the films.


Manas Kumar
30 September 2018 at 18:51

Tds section 194i

Dear Experts,
On Traces, TDS on Plant & Machinery is going to section what? There is going to 194IB column when we filed a return on section 194I. 194I on our deduction is 2% but traces going as 194IB as 10%. Kindly provide me with a solution.
Thanks






CCI Pro



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