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cs ruchi singh
22 July 2019 at 13:01

Committee of board (non-mandatory)

Hello Sir,
In a real estate company we have to execute various sale deeds on routine basis & we pass BR for the same, it's frequency is 3-4 per week. As per SS-1 we have to serve notice for calling any BM and it's nt feasible to call BM thrice a week. Accordingly, can we constitute a Committee of Board of Directors, comprises of 2 Directors, who will possess the power to sign sale deeds etc on behalf of the Board. Since, it will not be a mandatory committee SS-1 may not apply. thereafter we will present all the resolutions so passed by the committee in the next BM for the ratification of the board.


Kasturi Mukundan

Dear Sir/Madam, Can any body mail me Interest Calculator under Section 234A, 234B & 234C in Excel
FOR THE AY 2019-20
My email id: mukundankasturi@gmail.com
Thanks


Anurag Kalra
22 July 2019 at 12:28

Clarification on section 44ae

Pl. Clarify Applicability Of Sec 44AE In View Of Amendment Made By Finance Act 2018 For Current F.Y. 18-19 I.E. A.Y. 2019-20.The Amended Section Uses The Words "Gross Vehicle Weight Or Unladen Weight As The Case May Be @ Rs. 1000/- Per Ton. Now, The R/C Of A Heavy Goods Vehicle(HGV) Mentions Both The Weights I.E. Gross Vehicle Weight 25 Tons And Unladen Weight 10.625 Tons Presumptive Income Till March 18 Was Rs. 7,500/-P.M. Hence If Unladen Weight Is Taken It Will Be Rs. 10625/-Per Truck P.M. But If Gross Vehicle Weight Is Taken It Will Be Rs. 25000/- Per Truck P.M. You Are Requested To Clarify Why Both The Weights Have Simaltaneously Been Mentioned In The Section, Which Weight Has To Be Considered For Computing Income U/S 44AE And Why The Word As The Case May Be Has Been Mentioned Therein. As Per New ITR Form For A.Y. 2019-20, “TONNAGE CAPACITY” Is Being Asked For The Calculation Of Income U/S 44AE. Kindly Clarify What Should Be The Tonnage Capacity In Above Case Either 10.625 Tons Or 25 Tons Or 14.375 (25 less 10.625) Tons ?


CA jignesh daiya
22 July 2019 at 12:12

Hsn code

RESPECTED SIR

I WANT TO KNOW HSN CODE APPLICABLE TO OUR BUSINESS
WE ARE IN THE BUSINESS OF PROMOTING GOODS AND SERVICE OF OTHERS BY DISTRIBUTING COUPONS, PROMOTING GOODS AND SERVICE OF OTHERS THROUGH DISCOUNT CARD PROGRAM.

PLEASE REPLY


Anant G Sharma
22 July 2019 at 11:34

Input

Do we have to show all expenses, if we are taking credit of input on expenses.
e.g Services Provided ( Sale) is 100000,
Expenses for Office= Rs 25000/- out of which Rs 15000 are the bills consisting of GST and Rs 10000 Bill are from unregistered suppliers. How much of Expenses will be shown in 3B, 15000 on which GST is applied or Total 25000 incl of GST and Non GST Bill.

What will be the situation when services provided are fully exempt from GST. Do we show the GST Bills in 3B both Suppy (Service) and Purchases( Expenses)
Please guide


Arun Kumar. G
22 July 2019 at 11:31

Non payment of service tax

Dear Experts,

During the FY 15-16, there was some amount to the tune of Rs. 8 lakhs to be paid towards Service tax. Due to the non payment from Creditors. We have landed with financial crunch and unable to pay the service tax till date.

Kindly clarify the consequences of this and if we have to pay now. What is the procedure of doing this since currently GST in force.

Thanks in Advance


karan kumar
22 July 2019 at 11:29

Itc of tv & fan, furniture

Dear Experts.
We have purchase TV fan and furniture also Laptops for office business purpose. Is ITC allowable of these fixed assets in GST

Thanks
Karan


Sandeep

I AM SANDEEP AND I HAVE REGISTER GST NUMBER IN AUG-2018 ,BUT IN F/Y 2018-19 NO SALE WAS MADE.AND I HAVE FILLED NILL RETURNS AND I HAVE JOIN LIC WORK AS AGENT IN JULY-2018 AND SHOW 26AS 5775 AMOUNT AND MY SALRY INCOME 240000 RS DURING THE YEAR 50000 RS AS RENT INCOME PLZ TELL ME WHICH ITR I FILLED


Bharti
22 July 2019 at 10:27

Taxability on lic matured amount

My father has received LIC maturity amount. The co has deducted TDS@1% u/s 194DA. Is it mandatory to disclose this amount in his ITR? If so, what is the applicable rate of tax on such amount or is there any exemption available on such amount...?


CA. SHIVA SHANKARA R. SHETTY
22 July 2019 at 10:18

Sec. 80u

Dear Experts,
Can Kidney failure and kidley replacement considered as disability under sec. 80U?







Answer Query