CA Parul Saxena
28 September 2021 at 14:08

Ca foundation exam sign by member

whether a member of ICAI not in practice can sign declaration to be submit by ca foundation applicant?


R S Sai Kumar
28 September 2021 at 12:39

Sale of water bottles -

Is it permissable to sell water bottle for Rs.30, where as the MRP is Rs.20?


subash vishwanathan
28 September 2021 at 11:33

Rental Income to joint owners

Daughter and mother jointly purchased a flat. Mother being a housewife, daughter has undertaken to clear off the loan and shown the rental income till date. Now that the flat is free from loan and daughter wants to gift the rental income to her mother. Can she ask the tenant to pay the rent to her mother's name? if so, what is the status of daughter's IT return so far she claimed rental income and loan benefits?


yashes gala

DEAR SIRS,
WHILE FILING ITR RETURN ERROR SHOWING , "AADHAR OF THE RE PRESENTATIVE CANNOT BE SAME AS ASSESSEE PAN/AADHAR , WHILE I HAVE NOT OPTED FOR ANY REPRESENTATIVE BUT FILE AS KARTA

THANKS


H

The provisions of the Liberalised Remittance Scheme (LRS) mention that "Resident Individual needs to designate a single branch of an AD through which all the remittances under LRS will be undertaken. NOC is required if remittances are from different banks.".
Does that mean that one can transfer funds to other country for his/her children's education purpose/fees only through one particular bank and cannot do so through any other bank/service even if the other alternative is found to be better or more convenient at a later stage?
OR one can transfer funds from any of his/her various bank accounts as long has the individual is maintaining the LRS limit ?


P.G. Vincent
27 September 2021 at 15:33

TDS clarifications

Dear Sir,

Kindly clarify for FY 2019-20 TDS Not deducted for a party but in audit the auditor provide TDS and it paid in April'21 and revised return filed in Jul'21 and form 16 Dated Aug'21 send to party. But party rejected and not refund the amount telling reason as the period expired. Clarify


mankar Ravikant N.
27 September 2021 at 13:48

Agriculture land sale capital gain

please suggest me

agricultural land situated in a area beyond 2 kilometers from the local limits of municipality which has a population of less 1 lacs . is sale proceeds of such land is liable to tax under capital gain . if so how to show the proceeds of sale in a return of income


Kiran S. Bhoite
27 September 2021 at 13:01

DEFECTIVE RETURN SECTION 139(9)

A.Y. 2020-21 I HAVE A REFUND BUT DEPARTMENT NOT YET CREDITED REFUND AMOUNT. I M COMMISSION AGENT I HAVE FILED ITR 3, MY COMMISSION AMOUNT IS BELOW 5 LAC, SO I SHOW IN NON SPECIFIED BUSINESS WITHOUT BOOKS OF ACCOUNT IN ITR 3. I AM TOTALLY RECEIVED AMOUNT SHOW IN GROSS RECEIPT AND CLAIM REFUND WHICH IS TDS DEDUCTED ON AMOUNT. I AM NOT SEPARATE MAINTAIN ANY BOOKS OF ACCOUNTS.
DEPARTMENT SEND ME NOTICE U/S 139 (9) THAT TOUR RETURN IS DEFECTIVE AS PER SECTION 44AA YOU COMPULSORY MAINTAIN BOOKS OF ACCOUNT AND IN ITR YOU FILL UP IN PART A PROFIT AND LOSS ACCOUNT AND BALANCE SHEET.
I AM INDIVIDUAL PERSON I HAVE NO OFFICE, RECEIVED COMMISSION LIC ( AGENT), WHAT TYPE OF I MAINTAIN P&L ACCOUNT AND B/S. AND THING IS I AM DECLARED ALL AMOUNT RECEIVED, I AM NOT CLAIMING ANY EXPENSES.
PLEASE HELP, MY REFUND IS DUE. AND ALSO GUIDE WHAT TYPE OF I RESPONSE GIVE TO DEPARTMENT?


Srinivasa Joshi
27 September 2021 at 12:39

Entry tax on imported machinery -2016-17

Respectable sir
We have imported machinery and parts ( using in bricks making) form chine during the year 2016-17, it is taxable in KTEG in karnatka, please give solution to this sir.
Thanking you
yours truly
Srinivasa Joshi


kaushal mistry
27 September 2021 at 11:40

New GST rate on solar system

Dear Sir

There are any change in GST rate on solar system
If yes.
what is new rate ?
Applicable on which date.





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