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Easy Office


Harish Ragavendhra

What is the latest procedure for conversion of OPC to Private Ltd. Co. according to Company Amendment Rules, 2021? Also is transfer of shares concept applicable to this to fulfill the condition of minimum 2 members?


PANDIAN BRIGHT
08 June 2021 at 10:29

CIVIL CONTRACTOR GST TYPE

Sir, My Client is doing Civil Construction work. now he received a order to construct a hospital. my query is how to charge GST from customer ? because he(contractor) purchases all material and supply labour. does he charge GST for labour service only or for total constrution? please clarify sir. thank you


MANI THYAGARAJAN

Is it legally allowed to Transfer of Equity shares, Bonds/NCDs from HUF demat account to Karta's demat account without payment ?

If yes, what is the tax implication for both the HUF and the KARTA


Akshaya

I have been remotely working from India at an intergovernmental organization in the UK. In the UK I am exempt from paying taxes to the UK government on this income due to the organisation's agreement with the UK government, but some "internal tax" is deducted by the organization. I have lived in India the entire time due to the pandemic. Is this income taxable in India? Are there any exemptions I can claim on the income considering that I pay the internal tax and the taxation is exempt in the UK?


Kollipara Sundaraiah
07 June 2021 at 20:50

It query 15g applicable

Sir,
It assess 15G applicable rents for sec 194i in it act.


BHUVANESH N
07 June 2021 at 19:47

Subsidiary company- Board approval

We are having a subsidiary in US. The company wants to enter into an agreement with a company where the holding company Directors are the Directors.
Please clarify whether this agreement should be approved in the Holding company Board meeting.


sona1
07 June 2021 at 18:46

Interest payable

Note Our turnover more than 5 crore

For the month of April,21 GSTR3B not filled till date for COVID purpose and we will hope that gstr3bfilled 10/6/21. note that not come any tax liability Apr,21 which shown below
IGST CGST SGST
Output tax 0.00 30500 30500
Input tax 62500 9500 9500
Input tax payable 0.00 0.00 0.00
Input Carry forward
Next month 1500 9500 9500

Any INTEREST and late fee will be paid in this above situation.


Sohini Sadhu
07 June 2021 at 17:49

Ulip taxation

Hi

I have ulip starting 2018. Paid 3 years premium. I want to discontinue ulip. Will fund value at end of lockin period be taxable or tax free?

Thanks,
Sohini


aarya
07 June 2021 at 17:01

Hsn wise summary

while filing gstr 1 , hsn wise summary is not able to fill as only HSN Field is active rest is inactive( description , UQC, TOTAL QUANTITY, TOTAL TAXABLE VALUE, RATE, IGST , CGST, SGST


Rajkumar Gutti
07 June 2021 at 16:41

TAX ON SELLING RESIDENTIAL FLAT

ONE RESIDENTIAL FLAT PURCHASED ON 1991, FOR RS.125000/-
AND SOLD IN MAY 2021 FOR RS.3800000/-
MY QUERIES ARE AS UNDER
1) HOW TO CALCULATE CAPITAL GAIN TAX
2) HOW MUCH TAX ON CAPITAL GAIN
3) SELLER PARTY HAVING NO TAXABLE INCOME.
4) IF SELLER PARTY WISH TO SAVE CAPITAL GAIN TAX
THEN WHAT REMEDIES
5) SELLER PARTY IS SENIOR CITIZEN
6) SELLER PARTY IS HAVING ANOTHER RESIDENTIAL FLAT & HE
LIVED IN THIS FLAT WITH FAMILY.THE SAID FLAT BUILDING IS
SOON DEMOLISHING & GIVE TO RE-DEVELOPMENT. THEN IN THIS CASE IF HE INCUR DEVELOPMENT EXPENDITURE. CAN HE SAVE CAPITAL GAIN TAX.

YOU ARE REQUESTED TO PLEASE GUIDE