Prajakta Potdar
08 February 2021 at 15:39

Investment in NPS

Respected Sir / Madam

Please let me know , what is investment in NPS,?

Where can we get deduction (under which section) for invetment in NPS?


shantha kumar
08 February 2021 at 15:36

Book depreciation on scaffolding system

Dear Sir,

Let me know the useful life of scaffolding system using for construction of buildings.

Regards
shanta Kumar


Amit purohit

Bank have imposed cancellation charges on forward contract to us. what is the accounting treatment of it. Our forward contract comes under cash flow hedge.


Ajay Mishra
08 February 2021 at 13:08

Salary to spause

Sir
I m a private medical professional. My wife also a doctor and retired few months back from govt job. Can I pay her salary from my clinic as an employee or for her services? Kindly advise me from IT point of view.


Shailesh
08 February 2021 at 12:00

Clubbing of Income

I had transferred 10 Lakh to my wife. She invested part of it in Shares and MF and she is doing business of share trading with the remaining amount.
My question are about clubbing of income:
1. I assume income (capital gain) if any received from share/MF investment will be clubbed with my income. am I right ?
2. What about her trading income. Will it be treated as her income or this also clubbed with my income?

Thanks in advance,
SD


Manoj Chauhan

Dear all,

Suppose "A" company is selling milk pouches to another "B" company. The milk pouches are sold in "returnable milk crates" which are returned by "B" to "A" on regular basis.

On one occasion, "B" fails to return 50 milk crates to "A".

"A", therefore, raises a debit note (@ Rs.200 per crate) on "B" for recovery of amount of lost crates.

Now, please answer whether GST is applicable to this debit notes in lights of the following points:
1) GST is not applicable on pouch milk sale
2) GST is applicable on "sale" of crates
3) The rate of Rs.200/- per crate is the cost to "A" (In other words, "A" is not making any profit on this transaction, it is just recovering the cost amount)
Thanks.


MOHD SHAHID
08 February 2021 at 11:31

QRMP

Hello, Please clear that whether late fee is payable on IFF. for not filing. In case when only sale is B2C only. and No tax is payable as ITC is availabe more than sale on Tax ledger account.


PARAS CHHAJEDpro badge
08 February 2021 at 11:15

Appeal filing

Please guide how to file an ex parte adjudication order under Service Tax for FY 13-14 against a person who is not registered under Service Tax and now registered under GST? How much appeal fee is payable ? How to file the appeal electronically or physically ? How to make pre-deposit without service tax registration number. Kindly guide. Thanks


niloy sanyal
08 February 2021 at 11:03

GSTR9 F.Y. 19-20

Is it compulsory to show HSN details in GSTR9 return in column No. 17 and 18 for F.Y .2019-20 1) if turnover is grater than 1.50 crores but less than 5.00 crores 2) if turnover is grater than 5.00 crores


Sreedevi Pillai
08 February 2021 at 11:00

CSR Contributions

Dear Experts,

Kindly advise on the below doubts:

A Private Company has its own Registered Trust through which it is making CSR Contributions:

1) The Company pays a lumpsum to the trust assuming, Rs. 30,00,000/- for CSR Activities, out of which the trust spends Rs.20,00,000/- on CSR Activities. When it comes to approving the contributions by the Board and recording the same in the board minutes, will the Board approve contribution for Rs.30,00,000/- which is the amount given to the Trust or Rs.20,00,000/- which is the amount actually spent by the Trust?

2) Whether payments/donations made to other trusts by the Registered Trust of the Company be taken as CSR Contribution?

3) Company has given scholarships to 30 engineering and medical students belonging to different colleges. Is it acceptable as a valid CSR Contribution?

Thanks






CCI Pro



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