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Pragati Sharma

Dear Experts,

I am a trader engaged in sale of marble products, imported these COVID-19 supplies for the time being.
I am selling Mask & Infrared Thermometer(imported from China) on Flipkart portal. After 5 sale orders, now the portal is asking me for mandatory Form 20A license.
Can you please help me whether it is mandatory in my case?


Amit

I have Accounting Technician certificate. My ca final is pending and i want to start my own office as tax consultant. can i use designation as tax consultant by making own website, visiting card and the display board outside my office?. further the same question about stamp and office seal. can i do so? and what other options do i have ?


Shakthipro badge
02 June 2020 at 12:38

Exemption Section

Income of Clubs and associaitons are excluded based on the mutuality concept. But how to claim the exemption in the ITR / Exempt under which section. Return has to be filed for getting the tds refund.


RAMAKRISHNA K
02 June 2020 at 12:30

GST on Supply of Canteen food

Dear Experts,
My name is Rama Krishna and working in Pharma company. during the lockdown period one of the contractor supplied food to company. He is don't have GST Registration and they submitted bill without GST amount.
now we have to pay RCM on bill amount? can we claim that amount?

Request to give your valuable suggestion in this regards


Shakthipro badge
02 June 2020 at 11:18

12A REGISTRATION

Dear Experts

Online application for 12A registration was made in January 2020. Trust was created in the FY 2019-20.
But till now we have not received any communication, Should we apply u/s 12AB


Sujit Kumar Sahoo
02 June 2020 at 10:33

Regarding T.D.S payment

Dear Sir,

good Morning ! May I pay t.d.s deducted for the month of March 2020 which was due in 7th April 2020.Due to Lock down our office was closed.We have started office from 1st May 2020.what is the last date of t.d.s 4th quarter filing ?


Jyoti patil
01 June 2020 at 21:16

IND AS 1

As defined in 'complete set of financial statements comprises' one item includes ''balance sheet as at the beginning of the earliest comparative period when an entity applies an accounting policy retrospectively or makes a retrospective restatement of items in its financial statements, or when it reclassifies items in its financial statements''......in this why balance sheet at ''beginning of the earliest comparative period'' is to be considered & why not ''end of period''


Nithija
01 June 2020 at 20:38

Income tax Notice

Dear Experts,
I have filed a return for a trust and now notice u/s 143 (1) was sent showing a variance that the Amount applied during the Previous Year-Revenue Account and Amount accumulated or set apart for application to charitable or religious purposes or for the stated objects of the trust/institution to the extend it does not exceed 15 percent of income derived from property held in trust/institution u/s 11(1)(a)/11(1)(b) or in terms of third proviso to section 10(23C) being disallowed. As per the notice, tax is levied on the Aggregate Income during the PY without considering any expenses. We have been approved u/s 80G(5)(vi) and 12AA. Can anyone suggest me what to do?

Thanks in Advance.


Tony Joseph
01 June 2020 at 19:41

Msme registration

sir,
I own a floriculture unit, which is exempted from income tax, but however i would like to know whether the enterprise has to be registered under msme. the capital investment for an acre is around 50 lakhs { as per NHB guidelines}. what are the implications if i register or not.
thanks,
tony.


CA Vivek Kasat

This question dates back to the year 2015.

A PVT ltd company in India has 3 directors of which 2 - Mr A & Mr B are foreigners (Mr A is Chairman of the Company) and are at one place only and 1 Mr C is staying in India. It has also appointed a full time Company Secretary Mr D.

On 25th September 2015, Company realised that Financials are to be signed and none of the foreign directors could travel to India and vice-versa.

So, what various options are available to comply with the provisions of section 134 related to signing of Financial Statements by the Company? to be specific with below questions:
the procedures to be followed to comply with section 134, 101, etc as in, in the given conditions -
1) how, where and when to schedule BM for approval of Accounts (certainly with a shorter notice)?
2) who can sign the approved financials & when?
3) how & when to schedule AGM (certainly with a shorter notice and considering Circular 11/2015)






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