hi

My company has foreign corporate as preference shareholders. we have not paid dividend on the same for 2 continuous years. In terms of sec 47 this non payment will lead to assigning of equal voting rights to the mentioned pref. shareholders.

We do not have adequate profit and also no free reserve. Request you to guide me to resolve the issue.

Thanks and regards!

1. A Ltd.is US based company. A ltd has many subsidiary companies all over.
2. A Ltd has a subsidiary in India - A India P Ltd
3.Mr.X is employee of A Ltd US. He came to India & perform expert services at A India P Ltd.
4.A India P Ltd is not paying anything to Mr.X. nor reimburses his expenditure
5.Mr. X is india for more than 182 days in FY 17-18.
6.In FY 17-18 , Mr.X has only one source of income ie salary from A Ltd. US.

Will salary of Mr.X will be charged to tax in India.

The notice is about disallowance of expenditure indicated in audit report but not taken into account in computing total income in ITR u/s 143(1)(a)(iv)
.Particulars: As per ITR As per Tax Audit
Report
Inconsistency in amount 0 say 2/- lac
disallowable under section 40(a)(i),
on account of non compliance with the
provisions of chapter xvii-B sec 40
Query: How to rectify this inconsistency? We have mentioned erroneously amount under column of section 40(a)(i) instead of 40(a)(ia)in tax audit report. We have uploaded revised audit report by correctly mentioning amount under column 40(a)(ia). Whether we need to revise ITR also since there is no mistake in ITR.

How to answer the query when the below mentioned 3 options are coming:
1.Agree (file revised ITR return)
2.Partially Agree (file revised ITR return)
3.Disagree (Response).

ONE OF MY CLIENT WAS DOING JOB IN INDIA TILL AUGUST 2017 AND HE GET TRANSFFERED TO DUBAI FROM SEPTEMBER...WHETHER HIS DUBAI INCOME WILL BE TAXABLE IN INDIA....?

HI,

I Filling income tax return salary income

income from salary : 6,70,765/-
80C Deductions : 1,50,000/-

filling return it showing error "Head Salaries is less than 90% of Salary reported in tds1 please ensure to fill details inothers in exempt income"

In a matrimonial lawsuit if Husband receives compensation from wife against the mental harassment he faced, can it be considered under taxable income ? Whatever he receives will be part of settlement agreement between both them and will be mentioned in the court order.

sir, One of my client having income from salary but he did not submitted Rent payment receipt to his employer so he did not claim his HRA in form 16, so his total income is 5,30,000 (net total income) his salary u/s 17(1) is 7,80,000 which contains (Basic, DA, HRA, LTA, CA). Pleas let me know can i claim my HRA? which has not shown in my form 16 by my employer?

pleas let me know how to calculate HRA

Dear Sir,s
We a Pvt.Ltd. .Organised a seminar and purchase laptop bag for distribute to delegates and exhibitors. can we claim input credit ( cgst + sgst) in 3b or not ?
Please suggest.


Thanks & Rgeards

OUR COMPANY DIRECTOR HAS USING CREDIT CARD
FOR PAYING EXPENSES BILL / PURCHASE PAYMENT., ETC.
RELATED TO COMPANY BUSINESS EXPENDITURE.

CAN COMPANY TAKE GST INPUT CREDIT ON CRED CARD PAYMENT.
NOTE- CREDIT CARD IS IN FAVOUR OF PERSONAL NAME OF DIRECTOR
BUT EXPENSES FOR BUSINESS PURPOSE.

THANKING YOU,

REGARDS
RAJKUMAR GUTTI

OUR COMPANY DIRECTOR HAS USING CREDIT CARD
FOR PAYING EXPENSES BILL / PURCHASE PAYMENT., ETC.
RELATED TO COMPANY BUSINESS EXPENDITURE.

CAN COMPANY TAKE GST INPUT CREDIT ON CRED CARD PAYMENT.
NOTE- CREDIT CARD IS IN FAVOUR OF PERSONAL NAME OF DIRECTOR
BUT EXPENSES FOR BUSINESS PURPOSE.

THANKING YOU,

REGARDS
RAJKUMAR GUTTI