Sir,
My client is asking me to tell him the amount of insurance premium he has to pay to get 80C deduction. Doesnt it depend on the policy?
Also is deduction available on payment basis ie,if paid in april 2019 is the deduction available for nxt year only incase of ppf and insurance premium?

Company sold a vehicle used by it. Depreciation has been claimed on hat vehicle. Kindly clarify the applicability of GST on sale of used vehicle by a Company.

Ours is a Proprietorship firm transporting sand to a Limited company. No consignment note is issued. Receiving amount on kilometer bases. Whether such service is liable for Service Tax ? If yes, who is liable to pay Tax i.e. company or contractee and the rate of tax?

Sir,

I want to know that in GST annual return ,whether sales of petrol & diesel have to been shown or not.

Plz advice.

After cancellation of GST no of a composition dealer,what return we need to file for final assessment and what is the position of closing stock.whether we have to pay 1% of the stock???

We are in opinion of opening a account for utilization of Foreign contribution, whether such new account also be in scheme of FC account or normal account can be opened?
Please give a suggestion ASAP.

Hi,

Our company is using Uber cabs for employees by the Uber dash board. The payment is made on the basis of monthly statement generated by Uber dashboard. But the Uber company is not registered in India and they do not have GST and PAN number.
So could anyone suggest if TDS needs to be deducted while paying the amount to Uber's bank account in India.

Thanks in Advance.

Dear Sir / Madam,

ABC Pvt Ltd is formed during FY 2018-19. During FY, the Company has given some loans to directors. The directors were not aware of provisions of Section 185 of Companies Act that the Pvt Ltd company can not give loans to its Directors. That means the Company has violated this provision. Realizing this now, The Directors are ready to repay that amount to the company. This is a genuine case that most of the times the directors of Pvt Ltd company may not be aware of such provisions in very 1st year of the formation of the company.

Can we say now (after receiving above repayment) that the Company has not violated the provisions of Section 185 of Companies? Whether this needs to be reported in Statutory Audit report?

Please Guide
Regards,
Suraj

Co. incorporated on 13/04/2017 can a auditor for FY 17-18 be same for next coming 5 years starting from FY 18-19 as ADT -1 is not required to be filled for first year ?

Query : I was a FEMA and IT Non Resident from 2012-13 till 31-03-2017. I had earned X USD as Non Resident. I still hold those assets abroad as permitted by Section 6 of FEMA. I now want to make fresh investments overseas. Can I use the USD lying in my overseas A/cs or do I have to compulsorily remit USD under Liberalised Remittance Scheme through my Indian Bank A/cs.

Thanks.