binu sukumaran
11 July 2023 at 18:31

Exit from service in PF

Dear sir. One of my client resign from service after 10 year of service. As per information company that it will take 1month time to show date of exit in pf portal.
While checking in employees login such details not showing. They further says that the made exit in PF it will take 1 month to reflect in pf portal and 2 month time for withdrawal from money from pf. Iets me know is this is correct? And exit from service update employer or employee.
My friend says that employee can update exit from service.
Please advise


Ratheesh

Dear Sir,

I have a Housing Loan and I am going to pay 4 Lakh as Interest in a year. And I have one house which one part is self occupied and one part I am giving for Rent (Monthly Rent 9000). So my question is how can I claim this for my TDS deduction, What is the maximum I can claim under housing loan interest both self occupied and let out property ?

Thanks in Advance


CA Husain Bhatta
11 July 2023 at 17:59

Query regarding 80G(5)(iii)

Hello all,

I have a query regarding 80G(5)(iii) i alrady have a provisional registration upto AY 2024-25.

Can we file Form 10AB for permanent registration of 80G and 12A after 6 months of commencing activities? or we required to file again form 10A? plz advise
we are filed the Form 10AB now office is rasing the query that as the six months have been passed you cant file the Form 10AB for 80G(5)(iii)
Officer asking for the maintability / alloawibility of the Application

Pls advice ..

Thank you in advance====


Srikanth P
11 July 2023 at 16:51

High Sea Sales BOE's in IDPMS

Dear sir / madam
We have filed few HSS BOE's using our AD Code and few BOE's using local suppliers AD code. We made payment to local suppliers in INR and in turn they made payment to overseas suppliers.

In both the cases, these BOE's are not knocked off in the IDPMS and our bank is also not aware of the procedure. Could you please help out on the procedure on how these BOE's could be cleared off in the IDPMS.


Khokan Ranjan Bhaumik

There is a clause "UNCLAIMED TDS" under TAX PAID Schedule. Kindly let me know the very purpose of this clause and how far this clause can help the tax payers.


PROFESSIONAL ADEPT
11 July 2023 at 16:01

Tax audit of a firm below 1 crore

firm is having service income of 6 lakh and is in the first year of operation. Whether we can file income tax return under ITR- 3 with p&L and Balance sheet without audit ?Actually the firm is in loss


Komal

A Professional Assessee laid in specified person u/s 206AB and 206CCA because he had not filed the income tax return of AY 2022-23 within due date but filed ITR U of AY 2022-23 after December 2022 so what the liability for deduction of TDS% applicable for AY 2024-25.


Manindra Kumar
11 July 2023 at 14:30

NRI Dividend Income

Hi,
Filling ITR 2 as an NRI,
I need your advise where exactly to show the Dividend income under OS(Income chargeable at special rates), Dividends received by non-resident (not being a company) / foreign company chargeable u/s 115A(1)(a)(i) (OR) Dividend Income (Other than (ii) or Dividend Income u/s2(22)(e)

Thanks in advance for your advise.


SRIGANESH ENTERPRISES

Hi,

For the Transport business, the transporter filing the GST returns on RCM.

Can he avail the ITC.

Pls guide me, TIA


Gomathi Sundar

Indian company gets monetary support in the form of funding for rental deposit from a foreign company at the time of setting up business ie pre incorportion. The foreign company subsequently becomes a 100% holding company of the Indian company.

Now the Indian company want to reimburse the deposit paid to foreign holding company.

Can I understand the procedure involved in light of FEMA.





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