Experts : 1 Days Post

Displaying all posts within 1 days

Kailash Chand

17 May 2024 at 14:39

Posted On : 17 May 2024

Are 15CA & 15CB Mandatory on Payment to Linkedin, GoDaddy, Grammarly, Inc.

Dear Experts,

Are 15CA & 15CB forms necessary when making a payment from a credit card to a foreign company like Linkedin for sales navigator tools (automatic payment deductions), GoDaddy for domain purchase, Grammarly for tools?

Please respond, as payment is being deducted from the credit card.

Gokul Sharma

17 May 2024 at 13:51

Posted On : 17 May 2024

In Reply To :

Fixed asset specify

NO.....NOT A FIXED ASSET

CA R SEETHARAMAN

17 May 2024 at 13:40

Posted On : 17 May 2024

In Reply To :

Transferring funds from abroad

She can transfer the amount directly to her Indian savings account.

Hari Bhatt

17 May 2024 at 13:39

Posted On : 17 May 2024

In Reply To :

Selling of house

Thanks sir for the speedy response ... I have only one house in my name

CA R SEETHARAMAN

17 May 2024 at 13:36

Posted On : 17 May 2024

In Reply To :

Selling of house

No notice will be issued in case of self occupied house and you have right sources of income to buy the house.

Hari Bhatt

17 May 2024 at 13:22

Posted On : 17 May 2024

Selling of house

Dear experts

I purchased a house in Feb2016 for Rs 70 lacs which I want to sell now in 2024.... During purchase I deposited valid TCS of buyer to the INCOME TAX department....

My question is will I receive any notice from Income tax as I did not show that house while filing ITR in AS 2016-17
Thanks
Hari

deepak bisht

17 May 2024 at 13:20

Posted On : 17 May 2024

Fixed asset specify

Pen drive fixed asset yes and no

Gokul Sharma

17 May 2024 at 12:21

Posted On : 17 May 2024

In Reply To :

Ledger Creation

UNDER CURRENT LIABILITY.

Gokul Sharma

17 May 2024 at 12:10

Posted On : 17 May 2024

In Reply To :

Deduction while Filing ITR-1

If your annual income is more than ₹2.5 lakhs per annum, you must file Income tax* returns in our country. This limit is stretched to ₹3 lakhs for senior citizens above the age of 60.

Kavita R

17 May 2024 at 11:38

Posted On : 17 May 2024

Filing of BEN FORM for public unlisted companies and listed entities.

1)In case of a public ltd. co. say ABC ltd (PUBLIC UNLISTED COMPANY) the shareholders are X LTD., Y PVT. LTD , Z PVT. LTD. and M PVT. LTD. who holds 50%, 19%, 19% and 12%.

Also X LTD is a subsidiary of P ltd. (LISTED ENTITY which has received extension for liquidation order) .
So kindly advise how to file BEN form 2 in case of ABC LTD.

2) Also please advise if BEN form is applicable for the subsidiary companies (whose listed company has received extension of liquidation)

Kindly advise urgently.

DIVYESH JAIN

17 May 2024 at 10:44

Posted On : 17 May 2024

Transferring funds from abroad

Dear Sir,

My wife was working in Ireland from Nov 2021 to Nov 2023 and has earned Salary income in her bank account in Ireland. Now she is settled in India from the past 3 months and will be permanently staying in India. She wants to transfer the amount earned in Ireland to India.

My question is whether she needs to open an NRE account here in India to transfer the amount from Ireland or she can directly transfer in her saving account here in India the entire amount in one go. The taxes on income earned in Ireland has already been paid.

Please help me resolve the query.

Regards,
Divyesh Jain

Rahul Raj

17 May 2024 at 10:30

Posted On : 17 May 2024

In Reply To :

Rent Agreement Between company

Is this lawful or how much minimum rent do I need to share?

Purva Patil

17 May 2024 at 10:07

Posted On : 17 May 2024

In Reply To :

GST liability for income from online Platform called as Teespring.

Thank you Nikhil Kaushik sir for the guidance.

N.V. Siva Ram Prasad

17 May 2024 at 09:49

Posted On : 17 May 2024

Is Explanation enough for DRC-01C notice?

i have filed April - 2024 GSTR-3B with some input difference regarding Credit Notes for the march & April 2024. will i received DRC01C for input difference?.. if so explanation in part B will be satisfactory for Closing DRC01C sir.. Pls help me?

CA R SEETHARAMAN

17 May 2024 at 09:25

Posted On : 17 May 2024

In Reply To :