I need following clarification-
1. In case of NRI, any restrictions for remitting fund from India to his/her foreign account?
2. Procedure of remitting fund in NRI account and any permissions to be taken?
3. If I(resident) send any remittance as a gift to NRI, whether the said remittance will come under limit of 2.5 lac dollar in a financial year?
4. Is there any permissions required if it doesn’t come under allowed remittance scheme?
5. In case of funds in NRI’s Indian account, if funds are to be remitted from Indian bank account to foreign bank account, what is the formality and the permissions required?
6. Do we need to convert existing Domestic saving account to NRE/NRO account?

Dear Sir,
Could you please let me know whether correcting the DOB in PAN card impacts her widow pension account by any means? Will she face any difficulties to get pension credited in her account due to this change of DOB? Earlier the DOB in PAN was 08/11/1959 and now it would be rectified to 07/03/1964. Please let me know.

Due to large cases of corruption seen during the time of Value Added Tax, a new concept of way bill has been brought under Goods and Services Tax by name E way Bill.E way Bill will required to be generated in cases of supply of goods having value more than Rs. 50000 or when goods have been purchased from an Unregistered Dealer by a Registered Dealer.Here supply will not only include Sale against money, but also include Sale without money as well as Sale without consideration. For example, Exchange of Goods under Barter System and Inter Branch transfer of goods.Persons who can generate E Way BillE way Bill can be generated by following persons:1. Consignor (who transfers the goods)2. Consignee (who receives the goods)3. TransporterE way Bill can be generated by any of them by filing form GST INS1 from the website of GSTN.Concept of Consolidated E way BillIf there are more than one item to be transported to more than one consignee by the same vehicle, then besides individual E way bill, a consolidated E way Bill is also required to be generated by the Transporter.Validity of E way Bill GeneratedValidity of E way Bill depends upon the distance to be travelled by the vehicle, having validity period of 1-15 days.S.No. Distance Validity Period1. 1- 100 Kms 1 Day2. 101- 300 Kms 3 Days3. 301- 500 Kms 5 Days4. 501- 1000 Kms 10 Days5. More than 1000 15 DaysFrequently Asked Questions:Ques 1: What if goods are transferred by one vehicle to another vehicle during transportation after generation of E way Bill, will there be requirement to generate E way bill again for new vehicle?Ans: Yes, if goods are transferred from one vehicle to another vehicle by any reason (accident of vehicle, etc.) then again E way bill will be required to be generated before transferrig the goods to another vehicle.Ques 2: What if value of items to be transported to a specific consignee is less than Rs. 50000 but value of all the items to be transported is more than Rs. 50000, will there be requirement of generating E way Bill?Ans: Yes, since value of items to be transported by a single vehicle is more than Rs. 50000 therefore Consolidated E way Bill will required to be generated by the Transporter.Ques 3: Will there be requirement of E way Bill if goods are purchased by an Unregistered Dealer from an Unregistered Dealer?Ans: No, there is no requirement of generating E way bill if goods are purchased by an Unregistered Dealer from an Unregistered Dealer only when value of goods is less than Rs. 50000.In case of any doubt, mail me at nipungoyal.ca@gmail.comAbout Author:Author is a Chartered Accountant by Profession.

Due to large cases of corruption seen during the time of Value Added Tax, a new concept of way bill has been brought under Goods and Services Tax by name E way Bill.E way Bill will required to be generated in cases of supply of goods having value more than Rs. 50000 or when goods have been purchased from an Unregistered Dealer by a Registered Dealer.Here supply will not only include Sale against money, but also include Sale without money as well as Sale without consideration. For example, Exchange of Goods under Barter System and Inter Branch transfer of goods.Persons who can generate E Way BillE way Bill can be generated by following persons:1. Consignor (who transfers the goods)2. Consignee (who receives the goods)3. TransporterE way Bill can be generated by any of them by filing form GST INS1 from the website of GSTN.Concept of Consolidated E way BillIf there are more than one item to be transported to more than one consignee by the same vehicle, then besides individual E way bill, a consolidated E way Bill is also required to be generated by the Transporter.Validity of E way Bill GeneratedValidity of E way Bill depends upon the distance to be travelled by the vehicle, having validity period of 1-15 days.S.No. Distance Validity Period1. 1- 100 Kms 1 Day2. 101- 300 Kms 3 Days3. 301- 500 Kms 5 Days4. 501- 1000 Kms 10 Days5. More than 1000 15 DaysFrequently Asked Questions:Ques 1: What if goods are transferred by one vehicle to another vehicle during transportation after generation of E way Bill, will there be requirement to generate E way bill again for new vehicle?Ans: Yes, if goods are transferred from one vehicle to another vehicle by any reason (accident of vehicle, etc.) then again E way bill will be required to be generated before transferrig the goods to another vehicle.Ques 2: What if value of items to be transported to a specific consignee is less than Rs. 50000 but value of all the items to be transported is more than Rs. 50000, will there be requirement of generating E way Bill?Ans: Yes, since value of items to be transported by a single vehicle is more than Rs. 50000 therefore Consolidated E way Bill will required to be generated by the Transporter.Ques 3: Will there be requirement of E way Bill if goods are purchased by an Unregistered Dealer from an Unregistered Dealer?Ans: No, there is no requirement of generating E way bill if goods are purchased by an Unregistered Dealer from an Unregistered Dealer only when value of goods is less than Rs. 50000.In case of any doubt, mail me at nipungoyal.ca@gmail.comAbout Author:Author is a Chartered Accountant by Profession.

I want to transfer 50% interest in my flat in the CHS to my son. what is the procedure for gift deed

While calculating net operating income for calculating dscr,
*interest on debts is added back why?
However cc/OD interest is not added? Why

Kindly explain

Sir my commercial rental income is around 6 lakhs per annum. Other than that I have income sources of -Interest from fixed deposits and Wind mills - power generation aggregate crossing 1 crore per annum (Both of which comes under GST EXEMPTED LIST)will I still be liable to get registered under GST OR NOT?

I am US citizen with Overseas Citizenship of India living in India permanently after my retirement. Can I open and hold non-resident trading and bank accounts while being resident in India ?

Dear all
I need help to download final registration letter for nov-17 attempt which i have send registration letter to icai one month back and received books also..

Hi, Please help i have applied to Bank Of India for Housing loan,Though i have all documents but my Income Tax Return of Asst. Year - 17-18(Not in Audit), is revised.Now the bank is asking for CA certificate against Reason for Making Revised Return.
But my CA is not giving such certificate and making me explain, they can not give any certification for revised return. ..Please help me so that i can explain my CA or Bank