CA A. K. AKASH

Whether rule 12 declaration for company registration is required for following objects:
To carry on the business of an investment Company and/or a holding Company and invest in startups, real estate, stock market, IT advisory and/or consultancy, or otherwise deal in shares, stocks, units, debentures, debenture-stock bonds, securities of any kind issued or guaranteed by any company, corporation or undertaking of whatever nature, whether incorporated or otherwise, and wheresoever constituted, or carrying on business of immovable property and rights directly or indirectly connected therewith and/or bullion, including gold, silver and other precious metals, and/or precious stones such as diamonds, rubies, and/or any other asset.


SURYA NAGARAJU GANTI
27 December 2022 at 12:13

Income Tax deduction on Stipend

Dear Associates,
Request you to clarify a MBBS student is acquiring his/her PG studies from National Board of Examination Diploma (NBE Diploma) in any specialization, they will get Rs. 35000/- for their first year of study and Rs.37000/- for their 2nd year study as a stipend.

Is the stipend is taxable under Income Tax 1961 'or' stipend is exempted from Income Tax. Request you to give some updates on this.


ARCHANA
27 December 2022 at 12:04

DRC 03 showing Error

Sir/Mam,

We have received notice for interest fy 2017-18 , we have paid this amount through challan now we are trying to filing DRC03 it is asking PRN Number and errors, Which we have to select for interest Voluntary payment or any other

Please kindly help me and explain the process of DRC 03 Filing

Thanking you


Praveen
27 December 2022 at 12:00

Income tax notice on SFT005

One of my friend purchased F.D ( online transfer only no cash deposited) at SBI for morethan 10 lakhs only for one month, after that he cancelled the F.D. But now he received I.T Notice regarding purchase of time deposits
Please help me how to reply to I.T Department


Sanjay Sharma
27 December 2022 at 11:41

RCM on Rent Paid to unregistered person

Dear Experts, our company (Registered in GST in Delhi) paying Rent to a person (unregistered in GST) for residential flat situated in Maharashtra. we are paying RCM on that amount of Rent, shall we take input for the RCM paid?
Thanks in Advance


shinu
27 December 2022 at 11:37

CA CPE Credit Login

while logging the cpe login page and entering membership details showing invalid membership details..I have updated the unstructured one last year
Pls guide


Rajkumar Gutti
27 December 2022 at 11:27

Transhipment freight

Transhipment freight is it treated as GTA service or ancillary service


CA Parul Saxena
27 December 2022 at 10:02

GSTR9 query-HSN Summary outward supply

GSTR1 March 2022 return shows HSN summary as zero don't know how i have filled in the details. Now the question is whether can i correct the mistake in GSTR9 means can i accurately report HSN summary in GSTR9 including March figures although it will not match with yearly GSTR1 summary available in pdf as it will not consist of march figures,


Javed Memon

Respected Sir
One Of My Client doing business of sale and purchase of Used Cars

My question is in income tax return how to show this transaction, as purchase and sales or i can show only brokearge income

and if i show as brokerage income then can i opt 44 ad ?


somesh chandak
26 December 2022 at 20:35

Fellow Membership

I was working as an employee in an MNC for the last 5 years and now started working as a Practicing CA, I have gone through the ICAI faq mentioning that a foreign CA doing Job can apply for FCA.- But there is no clarification wrt Indian CA's doing a job in INDIA.
Do you have any idea wrt FCA - If yes please share the process.






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