Valli
05 December 2018 at 20:33

Consequences of non-filing of form 10b

Plz clarify
If a trust registered under 12AA received Voluntary Contributions - 20,000 and towards Corpus Donation - 1,58,00,000 and it has Net loss of (45,000). My query is
1) Is it Mandatory to file Form 10B in this Scenario?
2)If failed to file Form 10B, then what are the Consequences?


NITIN KUMAR SAHARIA
05 December 2018 at 19:24

Schedule iii of companies act 2013

Dear all,

I have a doubt about formation of Sch III of companies act,2013.
Schedule III will start with Equity & Liabilities head then Assets head will come.
But in Listed companies financial statement, it will start with Assets & then Equity & Liabilities
Why there is a format difference?
Can any one please help me.

link of one listed companies financial statement
https://www.itcportal.com/about-itc/shareholder-value/annual-reports/itc-annual-report-2018/pdf/ITC-Report-and-Accounts-2018.pdf














Aman Gupta

One of our clients want to change the ownership of proprietorship firm.Earlier the firm was managed by son and now due to some reasons the owner needs to be changed to father.Please guide the full process to be adopted for this change. Thanks in advance


Asha Agarwal

when to capitalise fixed assets, in case assets is purchased but not installed and whether depreciation will be charged on it or not????(in case of company)


Sachin Neema
05 December 2018 at 16:04

Gst on service provided by bank

Sir,
We have company head office at Bhopal ( Madhya Pradesh), Our Bank is at Mumbai. Mumbai bank open a L/c and charge related expenses and provide GSTIN invoice with GST no of HO at Bhopal location. But this material is basically related to a particular branch at Ahemdabad ( Gujrat).

My Query:- Company do not have ISD number. So expenses are booked at Ahemdabad location and GST credit related to that expenses are taken at HO, Bhopal location. Is it ok .
Thanks


Saravanan Raju
05 December 2018 at 15:14

Tax refund

Duirng FY2016-17 and 2017-18 I received Phd increment in my salary. But due to implementation of 7th pay where phd increment is removed, the amount given during the above period was deducted in the arrears amount paid to me in 2018 May. my question is that I have paid tax for the salary amount which include the phd increment and associated DA hike during 2016-17 and 2017-18. How to get back the tax paid extra during these financial years. As a governement employee, whether I should get new form 16 or how do deal with this.



Anonymous
05 December 2018 at 14:50

Validation of ca final registration

Respected Team,
I am a CA Final student and my 5 year registration will expire in February 2019...

Now I want to know that is there any such rule for revalidation that registration will be valid as long as student continues to appear in exam of final beyond 5 years.....

And registration will not lapse if he/she has given at least 1 of the last two exams conducted just before end of such five years...

Is there any such rule???
Please guide me as soon as possible
So I can take further action

Thanks in advance


vinay f kothari

Sir,
We had filed original ITR for F.Y 2017-18(A.Y 18-19) on 23/07/2018 and revised the same return on 13/09/2018,
whether Applicable Fees u/s 234 F leviable even if the original return is filed within the prescribed time limit (i.e Due Date) ?

Thanks in Advance.
Awaiting for your.

Regards
Satyam Patidar


Sabita Sahoo
04 December 2018 at 23:54

Itc on restaurant

As per notification no.46/14.11.17 cgst(rate) restaurant shall pay gst @5% without ITC.should the restaurant claim ITC in table 4of gstr3b and then reverse in col.4b, other head or no need to show in all other ITC col.table4?


Madhu
04 December 2018 at 23:31

Deduction u/s 54

An assessee has 4 residential units,during the PY 18-19 he sells two of his residential units and purchases another residential unit (one) in the same previous year .
Can he claim deductions u/s 54...?





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