Our AOA contains the clause of COMMON SEAL to be affixed in presence of 2 directors and authorised signatory or cs. But as per Companies Amendment the clause of Common Seal has been removed. My query is even if the company has not carried out the alteration in the Aoa for above ammendment, then the Companies Amendment shall prevail the present AOA? Or the AOA has to be ammended ? Please advise

Read more at: https://www.caclubindia.com/experts/ask_query.asp

My query is regarding tax deduction at source on freight charges-
1) As per section 172 IT Act , 1969- TDS is exempt which carries passengers, livestock, mail or goods shipped at a port in India, So my question is that whether TDS is applicable or not for freight charges of Goods transported from India to any other countries.

2) Whether TDS is applicable on Freight charges of goods from and to India by Air.

Hi, I'm a free lance consultant and provides advisory services to clients in India and abroad.

Please help to clarify below -
1. Will this be considered as an Export of goods and services.
2. What is the income tax liability on a fees received in foreign currency from client based abroad.
i. is it 100% exempt or taxable
3. is GST applicable to this transaction

Thanks

Can an Indian Qualified CMA become a Partner in an Indian CA Firm ?

sir,
It assessee investment in sip(mutul fund) rs:2500/-*8 total rs:20,000/- per every month paid.
Question:
Assessee how to calculate tax of sip (mutul fund) and how to show procedure in it returns.

I have created CRN, it has some incorrect details, I have not done payment till now, Can I create new CRN number.
Do I need to wait till old CRN expires. Then only create new CRN and reinitiate new CRN creation.

THIS IS REGARDING NON-Filing of 9C FY 2017-18 annual return by me.

Some Figures:
Total Turnover for FY 17-18 was 42.414.846.42 (4.24 crores)
in this stock transfer to own branch was 22.379.236.28 (2.23 crores)

Gst Period Turnover was 26.835.263 (2.68 crores)
in this Stock transfer to own branch was 12.794.108 (1.27 crores)
therefore Nett sales to registered/unregistered/consumers was 1.41 crores.

my question :
1. was i required to file 9C Return, if yes
2. what is remedy now
3. What is the max Penalty / interest / Fine etc that can be imposed on me.
4. also is there any amnesty scheme in the current year for filing the same.

Thanks and Regards

I have an entertainment website that generates revenue from display ads.

Few points:
1. The business is not registered yet.
2. Income comes in dollars from a US-based company.
3. Revenue is less than 1 crore.
4. Need help regarding 44 AD and If GST registration is needed.

My doubt:

1. Can I file 44AD without registering the business which means directly from the PAN account where income gets deposited?

2. If GST registration required?

3. Some CAs are arguing that if your profit is more than 6% then you have to show the actual profit. My profit is more than 60% but I want to show the 6% only. Is that ok?

Here I have found a case where the assessee challenged the AO officer and won the case just showing minimum profit even though the profit was much higher.
https://indiankanoon.org/doc/151903937/
https://www.caclubindia.com/forum/profit-under-section-44ad-ada-473205.asp

Here tax2win CEO says that only a minimum of 6% is required even if profit is higher.
https://tax2win.in/guide/section-44ad-44ada-44ae

Mr. A had a tax liability of Rs.500000 in December 2017. And he paid the challan of that amount in January 2018. But it was not shown in 3B and that amount is still available in the cash ledger.
Now the GST officer issued notice and asked to pay that tax and he paid that tax through DRC 03.
Now GST officers are also demanding interest to DRC03 date.
please guide

Is PF Interest taxable beyond 2.5 Lakhs for entire contribution or excludes employer contribution ?