surjit singh sodhi
13 March 2020 at 12:45

Gift tax

Can an individual gift any amount to her husband’s sister’s husband without any I tax complications?
Thanks Sir


Manoj kumar Mishra

Dear Expert ,

I have a query related to inward Remittance not come from a company situated in US/UK/Dubai due to Operational Loses.
how we can handle this situation whereas FCRA applicable/RBI Compliance/Custom/Bank etc.

Regards
MM


Sneha Sunny George
13 March 2020 at 11:37

Service Tax on Labour Contract

My client does not have any service tax number. He deals with fabrication work. He works as a sub-ordinate labour so does not buy any material nor he sales it, he only does labour work under the company. So is service tax applicable for him?


keshav parashar
13 March 2020 at 11:30

RCM ON HIRE INCOME

Dear Sir,
i have 5 trucks in my trading firm ( Properitorship firm ) and i give these trucks to a other person and charge 12000/- per truck per month ( 12000 * 5 = 60000/- monthly , 60000 * 12 = 720000 yearly ) . now we have 720000 truck hire income . so should i pay RCM or not. please suggest me. with example.
thanks


Nimmy

In case of a newly set up quarry , is it better to consider the land development, fencing charges incurred to consider as pre-operative expenses or is it better to capitalise as land development ?Is there any AS supporting to show it as preliminary expenses?


rmalhotra

Sir,
An assessee who has opted presumptive business income assessment u/s 44AD after this scheme was available , and had sold Land and building of his factory premises.. Now while calculating Capital Gain he has done Indexed cost on Land portion and for building portion- can he adopt Book Value ( without Indexation ) without providing Depreciation OR he is required to take book value after providing notional depreciation to arrive at Short Term Capital Loss. on building portion ..Is there any guideline or Restriction or advisory on this point.
Please guide.


bonnie

I have one company just register 2 weeks before, now i need to transfer it to my wife, and it is said need valuation ceritification from CA, is this neccessary or i can use face value directly which is sign by director?


Nitesh kumar
12 March 2020 at 20:56

Processing

I uploaded my ITR-1 of AY-2019-20 as on 30/08/2019 but till now no processing completed...... status showing 'Successfully e-verified'....... What is the last date for ITR processing by department


Kollipara Sundaraiah
12 March 2020 at 20:20

Gst query

A person gst composite scheme registered trading of medicines.
1. Sales turnover April to December,2019
Rs.21,00,000/- tax Rs. 21,000/- paid.
2. Same person income from rent for shop
April to December,2019 Rs.36,000/- received.
Question:
Income from rents gst applicable and which rate of tax applicable.


anusha aqsi
12 March 2020 at 19:27

Applying for the new registration

I had applied for the registration on 10/03/2020. I unintentionally wrongly entered my trade name and at the same time the department want me to submit additional document for the registration.. is it possible for me to make a new registration correctly rather than filing application for clarification and after approval correct my trade name..it will take time and I need gst registration urgently

thank you
rayees dar





CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query