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Prasadg Institute
14 January 2023 at 18:47

Non-Governmental Oganization

Is NGO is an Artificial Judicial Person? Explain it briefly


VK RAVI MOHAN VARMA
14 January 2023 at 18:02

Exemption under Sec 10 ( 26AAA )

Hi My wife was a Govt Employee in Sikkim, now retired. She is paying IT even now. She is an OLd Settler of Siikim, residing before the cut off year.
1. Since Old Settler have been exempted from IT, can she claim refund of already paid amount ?
2. What is the process to claim Exemption from now henceforth ?
3.Are Bank FD Interest exempt under Securities, or as Income arising from within the State ?
Regards.


Manju
14 January 2023 at 17:58

Pending remuneration and document

Dear sir.
One of my friend work in a private firm 10 years as store keeper. He is resigned from Service on 31th dec. His 2 month salary and relieving documents is pending . more over Sr manager. In connection with resignation stock taking is done in two times . Do to selling problem some stock shows excess and some same negative .
Company view is they mark negative stock and not consider excess stock and pay negative stock value around 1.23 lakhs. Again Sr manager add addition stock on above item also. During the audit time he mention this negative and excess stock is matching.
Please advise how to handle this problem.


binu sukumaran

Dear sir.
One of my friend work in a private firm 10 years as store keeper.
He is resigned from Service on 31th dec. His 2 month salary and relieving documents is pending .
more over Sr manager. In connection with resignation stock taking is done in two times . Do to selling problem some stock shows excess and some same negative .
Company view is they mark negative stock and not consider excess stock and pay negative stock value around 1.23 lakhs.
Again Sr manager add addition stock on above item also.
During the audit time he mention this negative and excess stock is matching.
Please advise how to handle this problem.


DIVYESH JAIN
14 January 2023 at 12:48

HUF deed incase of Death of Karta

Dear Sir,

I want to make an HUF deed in which my father was the Karta of HUF. Now after his demise I want to become the Karta of the same HUF.

My query is do I have to make any monetary transaction with HUF since I will be becoming the Karta of HUF. The format of the HUF deed shows Gift to be received in cash/cheque to the new karta.

Please help me resolve this issue.

Regards,
Divyesh Jain


Daya

why personal expenses and personal withdrawal , routed through drawing account of Individual and HUF.


Sonal J

We have 40 year old home on My fathers name. Though it son my Fathers name it is joint property of my Father & his 3 real brothers having equal shares which was mutually agreed on basis of internal relation & belief. No all 4 Brothers decided to sell home and do 4 equal shares. They are ok to sell home without converting into their name. So on paper i can sale home and divide in 4 shares as my father passed away recently. AN di am only his legal successor.
For safer side i just to want to know tax liability or any other liability or expense because of this.
I am already employed in private firm and paying Income tax.


Kannan Iyyengar
13 January 2023 at 21:13

Taxation of NRI for Work from Home

My son is employed in US.

He is an NRI.

In the current Financial Year 2022-23, he came to India. His stay in India is covered partly by leave, and partly by Work From Home. His total stay in India is less than 182 days (and more than 120 days).

His leave salary and salary for the Work From Home (India) are credited in his Bank A/c in US.

Salary credited in his US Bank A/c for Work From Home (India), in terms of INR, will be more than Rs. 15.00 lakhs.

He pays income tax in US for the entire earnings.

Clarification may kindly be provided for the following :

(a) What will be his tax liability in India ?

(b) Does he have to file Income Tax Return in India ?

(c) Since he has already paid income tax in US, what is the procedure to avoid double taxation in India ?


aarya
13 January 2023 at 21:06

Can it treat as deemed export'

if a merchant exporter(under LUT) , doing local sale by charging 18 percent GST , and i paid gst from credit ledger balance , is it consider as deemed export.

second question what is deemed export meaning.


SRIRAM S
13 January 2023 at 20:05

TDS RPU version 4.5

When I am running FVU for 26Q it is giving error and not generating fvu file for Q3 return.

Read more at: https://www.caclubindia.com/experts/protean-rpu-4-5-utility-giving-error-and-not-generating-fvu-file-advise-2888354.asp