manisha
21 May 2022 at 15:59

Deduction 80C-Atal Pension Yojana

Sir,

Can employee claim deduction u/s 80C contribution for Atal Pension Yojana which is in the name of his wife.

Payment was done from the bank to atal pension Yojana which is in the name of his wife(single account) but wife not filing income tax return.


LAVINA CLETA D'SILVA

Does a Chartered Accountant firm need to intimate the launching of a website to ICAI. If yes what is the procedure.


Pranali Bhandari
21 May 2022 at 13:45

CONFIRMATION OF BUSINES CATEGOARY

HELLO TEAM,

PLEASE SUGGEST ON MY BELOW QUERY.

ONE OF THE TAXPAYER WANT TO TAKE REGISTRATION UNDER GST.

HE HAS TAKEN ONE INDUSTRIAL PLACE (GALA) ON RENT. IN THAT PLACE HE IS SUPERVISING ANOTHER COMPANY'S MANUFACTURING WORK BY USING THAT COMPANY'S EMPLOYEE'S AND MACHINERY.

CAN YOU PLEASE SUGGEST ME IN WHICH CATEGORY HE FALLS ( CONTRACTOR WORK OR TECHNICAL CONSULANT OR BUSINESS OR PROFESSION OR ANY OTHER )

THANKS


Anushka Sharma
21 May 2022 at 11:26

DEMAND NOTICE FOR AY2020-21

Hello,
I received the demand notice for AY2020-21 in Nov 2021,
I tried several times to file RECTIFICATION but I was getting 
ERROR: ITD-EXEC2003.
Can I file the revised return or belated return now.
Appreciate your kind response.
Rgds,
Anushka


Vivek Desai
21 May 2022 at 09:22

Related to FA & FSI schedule

1: Which Dollar to Rs conversation rate is to be considered while calculating Capital gain on selling of RSU of American company if Vestng Date is 6 June-22 & selling date is Nov-22 for calculating a) Acquisition Price & b) Selling price for computing CG?
2: Whether CC schedule will be populated automatically if we make entries in FA & FSI regarding Capital gain?
3: if not populated automatically then how & where to enter STCG & LTCG on foreign RSU?


ِAhmad Al-darabea
21 May 2022 at 05:03

Journal entry for Foreign Exchange

Dear Friends,

I need your assistance, I need a solution for the below question that I have?


Purchases for the amount of EUR 12,000 were bought from one supplier in France and the invoice is payable within 60 days in Euros. the invoice was received and recorded in the company's accounts on May 31st, 2006 the exchange rate of Euros to US$ was 1 Euro=1.30 US$ and 1 Euro= 1.25 US$ on May 31st,2006 and June 30th, 2006 respectively.

Please prepare the required journal entries on May 31st and June 30th assuming that the company maintains its Accounting in U.S. dollars and closes its accounts on a quarterly basis.


Rahul Singh

i taken residency of other country and opened company and personal bank account. opening business account also. i will not stay in india to be nri. someone say if i open a company in foreign it is require by rbi to transfer capital for company from india. that is real? i have to or not? the country i opened company do not say to transfer capital no rule. so why india rule for foreign company? help please


priyanka karandikar
20 May 2022 at 19:27

Name on CA visiting card

Hello,

My name on all professional documents is changed after marriage but can use my maiden surname and current surname as a style of writing name my CA visiting card.

Regards
Priyanka


ravi kumar

Hi team

I have entered wrong turnover in GSTR 1 in March quarterly gstr 1 return

How to i rectify now, it is showing shortfall of 2.16 lakhs

Please advise me on this

Thanks
Ravi


Suresh S. Tejwani

Mr.A received notice u/s 148 for the assessment year 2013-14 as on notice dated 31.03.2021 but the notice was digitally signed on 15/04/2021 .

As per the latest judgment of H'nble Supreme court state that reassessment notices issued under old law shall be deemed to be notices issued under new law.

Here sec 149 state that
As per substituted section 149, no notice shall be issued for the relevant assessment year if: (a) 3 years have elapsed from the end of the relevant assessment year, unless the case falls under clause (b) below

(b) If 3 years, but not more than 10 years, have elapsed from the end of the relevant assessment year unless the Assessing Officer has in his possession books of account or other documents or evidence which reveal that the income chargeable to tax, represented in the form of asset, which has escaped assessment amounts to or is likely to amount to INR 50 Lakhs or more for that year.

This limit of 50 lakhs apply to old notices also or not ?






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