Sir, in a private limited company if there is a property (immovable property like land and building) owned by the company and the company has given its shareholders the right to use and occupy this property vide a shareholding agreement, what is the procedure if the company now wants to sell this property?

Dear Sir / Madam,
During January 2018, I had filed TDS Return for Q3 of My Client for Purchase of Immovable Property. Seller was Non-resident, so I filed return u/s 195. While making payment of Rs.75 Lacs, I asked him to deduct TDS at 1% as per Certificate u/s 197 received by him from seller. I had no knowledge of Surcharge @ 10% to be deducted on payment made exceeding Rs.50 Lacs. TDS return processed with default due to Short deduction of Surcharge. Now, We paid the short deduction amount. But while filing Rectified return, how do i show this challan amount paid in return? because the entry in which Rs.75 Lacs mentioned cannot be altered with two challans.
Please give your Expert Advise.

Thank You.

I want to know when ngo registered under societies act requires renewal of registration. Whether yearly ?? & I also want to know how can we can the status of ngo that whether it is registered at national level or not

dear sir
My query renegading TRNS2 , that we have filled TRANS1 closing stock about 200 mt (5 items/hsn), at the time of filling TRNS2 for july17 by mistake only 1(50mt) item/ hsn code that was sold in the month of july was taken as op bal and rest four (items/ hsn) was not shown in the month of july TRNS2 which was sold during the period july to Dec17

so please suggest the way how to claim ITC on the remaining 4 items that was also sold during the period july to dec

Dear Sir,
In order to ensure that return is filed within due date, it is proposed to insert a new section 234F in the Act to
provide that a fee for delay in furnishing of return shall be levied for assessment year 2018-19 and onwards in
a case where the return is not filed within the due dates specified for filing of return under sub-section (1) of
section 139. The proposed fee structure is as follows:—
􀀹 a fee of five thousand rupees 5000/- shall be payable, if the return is furnished after the due date
but on or before the 31st day of December of the assessment year;
􀀹 a fee of ten thousand rupees 10000/- shall be payable in any other case.
However, in a case where the total income does not exceed five lakh rupees, it is proposed that the fee
amount shall not exceed one thousand rupees.

My question is say the due date is 31st'July 2018 and if an assessee fails to file the return within 31st July'2018 and he file return in the month of August'2018 and his total income is below Rs. 5.00 Lacs then he has to pay Rs. 1000.00 as penalty. Please say whether am I wright or wrong.

Thanks,
Abhishek.

I have filed nil return (GSTR 1) for the month of Dec 2017 on 02.02.18. While filing GSTR 3B, late fees which is supposed to be auto calculated, is displayed as NIL. Whereas, the form itself generates a message of late filing fees to be submitted as soon as I open it. Also the late fees column is disabled, hence I am unable to fill the amount manually. Kindly help as the fees shall increase with every passing day.

What is difference between cross offer and counter offer?

Question :
Printing Press of proprietorship firm is making Composite Bill in the name of customers consisting of Material and Printing charges in consolidated manner. i.e One single invoice amount.
- Whether the unit is to be treated as Manufacture or Works Contract work
- Whether the unit can apply for GST Registration as a Composite dealer. If not under which category it will apply for GST Registration.

Dear Experts,

The situation is as follows: the shares of a public limited company are 100% owned by non-resident companies. The non-resident shareholders are all part of the same group, which is now implementing an internal restructuration. One of the shareholders will incorporate a new non-resident entity and contribute to its share capital in kind with the shares of the Indian public limited.

Question: how to organize under the CA 2013 the transfer of shares by one shareholder to another against shares of a newly incorporated entity? Would it be treated like a normal share transfer in India (in which case, what to put as consideration on the share transfer form?) ?

Thanks for your help and your views!

what to select in reasons for rectification of mistake in income tax return.....where i claimed relief u/s 89 but did not file form 10e, while filing return....now i filed 10e nd want to rectify it. Reasons 1 taxpayr correcting data for credit mismatch 2 taxpyr correcting data in rectifi. 3 no further data correct. required. Reprocess the case. ??