manoj xavier and co.
21 January 2019 at 16:42

Vi a deduction

whether interest on State treasury deposit eligible to claim 80ttb?


CA PULKIT GUPTA

Dear all, I have formed a Pvt Ltd. company in the month of December 2016. and after incorporating no business activity was done even PAN no. is not applied.
Now i want to revive this company, please explain the process & penalty i will have to pay.


CA NITESH JHA

Dear Sir/Madam,
A company purchase a land from industrial area development authority (govt. Dept..) for 30 year leased.
Leased contract period is 30 year
Premium land price is 1,00,00,000/- payment term 10 equal half yearly instalment payable in spread of 5 Year (with applicable GST) Rs. 10,00,000*10.
Date of Land Allotment :- 24/04/2018.
now they raised Tax invoice instalment plus GST @ 18%.
I go through with block credit Sec 17(5). no where Ineligible such credit.

my question is that can we take input on leased instalment payment.


Amresh Kumar Mishra

Dear Sir,
One private limited company which was incorporated on 23-02-2018 has now want to convert itself into one person company (opc).
The company has conveyed general meeting and pass the resolution for it and file mgt-14 with roc.
Now, when they go to file inc-6, there are 2 problem has arisen.
1st for mandatory requirement of attaching latest audited financial statements (because company doesn't complete it's first year hence no any financial statements are yet prepared by the company)
2nd for paid up share capital: - the company was incorporated with 2k paid up capital but when data about paid up capital has been entered into inc-6 the JavaScript was come with the message that minimum paid up capital must be 1 Lakh.
So, please guide us as to how to overcome this kinds of problems.


Suniakshara
21 January 2019 at 14:08

Mca

Sir, When can get company incorporation certificate after submitted SPICES forms.. But We receive an PAN & TAN through mail but not an Incorporation certificate.. How Long does it take time..? Anyone Plz Suggest Sir.


Viswanath Reddy
21 January 2019 at 13:39

Revision of return

can i revise return u/s 139(5) even after the adjustments are made to tatal income u/s 143(1)a and outstanding demand is raised in assesee IT account.


ARITRA CHAKRABORTY

Sir/Ma'm,
With due respect, I would like to know the process of cancellation of my GST Registration. I have chosen tax-collector in place of taxpayer. So I can't file GSTR-3B. Please assist me.


Sanchi Desai
21 January 2019 at 12:08

Non deduction of tds

I have not deducted any TDS on interest paid as the deductee's income is below basic exemption limit but I have not submitted Form 15G. What can I do ?


ronak kundlia

Suppose a Pvt Ltd company has a plot of land which was purchased for Rs 50 Lakhs few years back. Now the company started the construction on the same plot of land and completed the same in the said year (Total construction cost is Rs 70 Lakhs). Should the company show this in the books as:
1) Land & Building for 120 Lakhs or
2) Both asset as separate asset ( Land = 50 Lakhs and Building = 70 lakhs )

Also advice if second alternative is adopted depreciation is to be charged at 70 lakhs only?

Please advice the treatment from both income tax and company law perspective.


Vidyadhar S. Patil
21 January 2019 at 11:47

Gst on newly constructed flat

What is the rate of GST on newly construced flat? A builder has started construction after 01/07/2018 and now want to sell of the flats. What is GST rate applicable for construction of flat?





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