I am etds intermediary, I want to know while using individual DSC can we file tds through online of tds clients in income tax efilng portal? Earlier I am fling etds returns after submit 27A forms with seal and signature of responsible person of organization in TIN-FC. Regarding this clarify and confirm the same.

My friend have M.Com Degree, presently he is getting salary from his employer (aprox 7 to 8 lakh per annum) now he wants to receive the same amount as a business income, please suggest following. Employer is industrial engineering firm.

* Is it possible to received salary as a business income?
* For which service he has to issue bill to his employer. (Type of services for issuing of bill ?)

During current FY my friend has no other client to issue the bill.

Dear Sir,
My real Mausi age 88 years out of affection has given me a cheque of rs 15 lakh as gift. as per IT website the brother and sister of either parent can give a gift to the niece or nephew without attracting any gift tax. now
MY QUERY is -
1.do we need to execute a gift deed.
will it be okay to have it on stamp paper of rs 100/-
or will it be necessary to register the gift deed and pay the registration fee/ stamp duty /
plese advise asap as the health of the mausi is not too good.

thanks nd regards
mallika

Please provide the formula for calculating MSME interest for delayed payment

A Ltd. a subsidiary of X Ltd. (German MNC) has received a payment of Rs. 96.60 lacs from X Ltd. for Research & Development expenditure. Out of this 96.60 lacs actually only 50.60 lacs as payable but due to some mistake in invoicing, X Ltd. has made an excess payment of 46 lacs to its indian subsidiary.
The payment was received in two tranches i.e. August 2016 - 46 lac & October 2016 - 50.60 lacs.

Now in February 2018 X Ltd. has demanded a refund of excess money.

So what all compliance are required to refund the money. For e.g. RBI/FEMA / FDI/ODI /FCGPR/Companies Act etc.???
Is there any rate of interest to e paid or any time limit??

Thanks
Shubham

Dear Sir,

I have done my articleship of 2yr. in 2016 and then i leaved it. Now i want to rejoin articleship.
Please tell me us what the procedure for it and what form are require for submission.

Thank You !!

Hi,

There are Four Partners A, B, C and D in the firm, Each have the share of 25%. now A and X enter into arrangements in which 25% of A will be shared between A and X. and if any capital contribution arises X will give to A and A will invest in the firm. in the firm partnership deed, only A is shown as partner, not X.

my question is an agreement between A and X is legally valid or not and what type of agreement its called partnership or joint venture??

dear all. please help me out with this query.as we all know a registered person is not required to pay tax on exempted goods either inward or outward. but in case of supplier under composition scheme dealing in exempted n non exempted goods ...is he required to pay tax on output supply of total sales made during the particular period. I.e is required to pay tax on exempted & non exempted goods both...? kindly revert

Hi Experts,

I am working in a MNC at Pune. My employer is showing 4.81% of my basic salary as contribution to gratuity.
I want to know is it a right practice?
Because gratuity is employers responsibility and they are showing it in CTC just to make the CTC more attractive.
Although that amount is no use for me if I left the company before 5 years.
Please let me know if it is legal/allowed by law.
If not, can I approach the HR and request them to make necessary changes to my CTC structure by excluding gratuity??

Experts - Just wanted to get your thoughts on this matter -- I've referred a friend of mine to a CA firm for doing his articleship and he got enrolled with that firm. 2-3 months passed by and the principal hasn't been paying stipend to the candidate and gives all "bs" excuses when asked for it. I suggested him to have a conversation which he did and I was shocked to hear that, the principal negotiates that he would pay 200 Rs every month in the form of stipend. Totally ridiculous!! It's a shame on their part and their profession to exploit the article students and not pay the "minimum" stipend amount fixed by ICAI. I have extremely high regards for all CAs and this esteemed profession, but I can't believe we have people like this as well!! I am really upset about this although I know there isn't much I can do here. However, I don't mind escalating this matter to ICAI if required. Before I do anything further, can you please advise if he can safely transfer his articleship to a different firm? I heard the Institute tightened the rules around the transfer. If you can please share your thoughts, that would be appreciated. Thank you!