While incorporating company i gave only 10k whereas authorised capital of company is 10Lack. Thus paid up capital is only10k. Can i increase paid up capital by simply transfering money into company's account to company account or i will have to fill some form also. And would this money be counted as income thus income tax would be required to paid up for this?

Hi team
i just want to clarify whether an individual can claim tax exemption for principal repayment of home loan, however he do not have possession of the property last since 10 years.

you are requested to share circular /clarification from Income tax.

Thanks a lot

Can a company pay rent of director's house as company expense, especially when director is working from that very place only.

I am an individual Sole Properiter from Punjab, India. GST Registred

I sell software (digital product) online ONLY thru codecanyou.net (Envato.com - an Australian company - work as marketplace platform). Buyer are from around the world including India.

Buyer makes payment to Envato and i get paid by end of month in USD. The invoice sent to the buyer include my information in their from Section.

Do I need to pay GST or other taxes to my country India for the sales outside India thru Envato?

Do I need to pay GST or other taxes to my country India, if I have buyers from India thru Envato?

Mr A received amount from metro Rs 5000000 this is exempt as per RFCTLARR Act. Mr A wants to transfer Rs 3000000 for his wife and wife will purchase property in her name. advise the taxability in this aspect

What are the best android apps for CA students?

Please help me with the resolution format for entering into share purchase agreement for acquiring 100% stake of another company

1 is the GSTR-9 is optional, if aggregate turnover upto 2 crore for F.Y. 2019-20?
2) whats is the threshold limit for GSTR-9C mandatory for for F.Y. 2019-20?

For four months after becoming director of pvt ltd, i paid the house rent from my account though later on company paid the rent from it's current account and claiming it as company's expese. Can the rent paid by me claimed from company and then company claim it as company's expense.

Dear Sir,

Yesterday, we have received the email from Income Tax Compliance for Registration for Form 61B on reporting portal.

As per Section 285BA of the Income Tax Act read with rule 114G & 114H of Income Tax Rules 1962, prescribed reporting financial institutions are required to furnish Statement of Reportable Accounts in Form No. 61B. The statement of Reportable Account shall be furnished on or before the 31st May, immediately following the calendar year in which the transaction is registered or recorded.

Statement of Reportable Accounts in Form No. 61B for the reporting period from 1st January to 31st December, 2019 were required to be furnished by the due date of 31st May, 2020, has been extended to 31st March 2021.

Our company is NBFC and we work in mutual funds and equity shares.
In our other companies, we also deal in mutual funds and equity shares,
so does this act apply to them as well?

My queries is, to whom is this Form 61B applicable?

Please advise your valuable response in above issue.

Thanks & regards
N Kadam