I've read taxation of dividend is on gross basis so it's not possible to claim section 80 deductions allowances and set off of losses. Can we deduct unexhausted basic exemption limit from aggregate dividend which Is taxable u/s 115BBDA?

We have made some wrong entries while preparing GSTR-3B online for January'19 and the return was submitted. How to rectify errors before filing.It is said by some experts in internet that there is one reset option in the window. I could not find that option,. When opening portal GSTR-3B is shown as submitted. Could not be edited. The last date to file the return is 20.02.2019. Kindly suggest me how to rectify the errors.

XYZ(India) paying consideration to PQR, Germany (Parent company) for providing technical knowledge, designing of product and after sale service in relation to products manufactured by XYZ in India. The amount payable to PQR would depend on sales value of goods sold by XYZ. Is XYZ liable to pay GST on the amount paid to PQR?

XYZ(India) providing engineering service (Design, drawing etc) to PQR, Germany (Parent company). Services are provided online from India. Invoice would be raised by XYZ on hourly basis and rate. Is XYZ liable to pay GST on the amount received from PQR?

Hi Expert,

I have supplied the materials in December-18 to SEZ Developer without collecting tax and without LUT and filled the my GST return for the December period.

After that i have applied for LUT in Jan-19 as per my SEZ Customer requirement for the Zero Rated Dec-18 Supply. But Now Customer is saying that revise the invoice with the tax invoice of IGST and go for the refund because supplied the materials were not belongs to LUT period.

How could i come out from it and get the refund if i revise the invoice once again. Pl advise

The Assessee has sold two houses in an Assessment Year and bought one house with the money received. Will he get exemption from capital gain from both the houses ?

Sir/Madam
Company is not running any business for last 2 years, All conditions of Sec 248 have been complied for striking off the name of company. There is no bank account in the name of the company, no assets & liabilities.
BUT in liabilities - unsecured loan taken from the promoter exists. Please tell me how to nullify that loan so that the Statement of Accounts can be filed with registrar.
Thanks in Advance

Hello sir
I got little bit confused while reading taxability in case of foreign company. In income tax act definition is
Foreign company is a company which is not domestic company.

And domestic company means company which is Indian company or..........

And Indian company means company which is registered under companies act 1956 (currently 2013)
Conclusion as per incometax act foreign company means company which is not registered under companies act 1956 or 2013.
Then foreign company as per companies act 2013 is a company incorporate outside India and........... ---....

Then my question is
1. Foreign companies are not registered under companies act ?
2. Whether foreign Company does not use words private limited or ltd
3 what are the example of foreign company operating in india which pay 40 tax and 2-5 % surcharge ( to which provision of international taxation applies)

Thank in advance
Pleas reply I know I am confused by reading bare laws.

Is there any time limit for alteration of the partnership deed?

One of my client is a private limited company. There are four directors represented by two individuals A and B and their spouses. Both the individuals A and B are signatory to bank accounts, (either or survivor basis). Now there is a dispute among the two directors. A has total control over the bank operations and is not sharing any information with B. B wants to move an application with the bank to stop the debits/ withdrawals in the cc account and as well wish to write to bank to withdraw the personal guarantee that he has given. Now my query is, whether the bank has to compulsory act upon the request of B and stop operations in the account or will the bank refuse to entertain the instructions of B and keep the bank operations going. Please give me your valued opinion along with case law or RBI circular if any.