Income Tax QnA - Page No 1424

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kanika

01 June 2022 at 15:39

Income Tax clearance certificate for sale of property

hi
Such certificate is required or exists as per the income tax act to have an Income tax clearance certificate for sale out of the property of a person?

SHAMNHU NATH TRIVEDI

01 June 2022 at 13:43

SET OFF IGST LIABILTY TRHROUGH ITC CREDIT IN CGST & SGST

If My Client has to adjust IGST LIABILTIY AND HAVE ITC IN CGST & SGST ACCOUNT CAN IGST LIABILTY MAY BE ADJUSTED THROUGH CGST & SGST ITC CREDIT

rakesh

01 June 2022 at 13:37

Effective date of partnership and date of incorporation on partnership pan card should be same

effective date of partnership and date of incorporation on partnership pan card should be same

FOUNTAIN HEAD PVT LTD

04 June 2022 at 12:13

TDS BENEFIT CAN GET FOR LAST 2 YEARS

my client do not filed for last F. Y 2019-20 & 2020-21 years. can he get tds benift for last years if he file f.y 2021-22?.

Aswathy Nair

01 June 2022 at 12:58

Tds on GST value

Is tds u/s 194Q deducted on GST value or basic value?

Prakash Joshi

01 June 2022 at 12:33

Issue of Preference shaars by a Pvt ltd start up co

Can a newly set up small Pvt. co issue Preference shares convertible into equity shares at a later date to the Indian and (an overseas investor under FDI) willing to infuse funds. What is better option to issue Equity or preference shares or mix of both.

Thanks
PC Joshi

CA Nilesh Suryavanshi

01 June 2022 at 12:21

Inventory Valuation AS2 Cost

As per AS 2 Inventory needs to be valued at COST or NRV whichever is lower. Accordingly for Year1 assume client follows weighted average method for inventory records & closing stock cost was Rs.100 and Market value was Rs.80, therefore valuation was done at Rs.80 as per AS2.
In year2 for valuation what should be cost to be considered to be compared with NRV ? i.e. if NRV is Rs.110 then which cost to be compared i.e. Rs.80 (as per AS2 of year1) or actual cost of Year1 i.e. Rs.100. Kindly give clarification & also reference of AS2. Also is it not considered as upward valuation if compared with opening stock value .

Daya

01 June 2022 at 12:13

How to charges GST in the case of

How to charges GST in the case of
Trade Discount and cash Discount.

GANGADHARA RAO

04 June 2022 at 12:13

Adding Branch

Respected Sir, one of our client has applied for branch adding on 18.05.2022, and generated ARN number for amendment of core fields, present status is pending for processing. My question is the client can do business in that branch. please if ok.do... any supporting please sir...

vikrant

01 June 2022 at 11:53

RETURN TAX

One of client has not filed the income tax return since 2017 - 2018 financial year . The client is salaried person now how can i file the return online please help .