My father was the karta in an HUF of which the bank account was opened.
Myself, sister (elder & married) & mom were the coparceners.
Recently my father passed away.
Bank says this HUF has to be closed & another HUF account has to be opened with a new karta (either mom or myself) only then the funds would be transferred from the old HUF account to the new HUF account.
Bank also says a new PAN of the HUF has to be prepared in opening the account & the old PAN will not work in the opening of new HUF account.
I consulted few CAs & their opinion was a new PAN is not required as only the karta(my father) has passed away & HUF is not dissolved. With the same PAN you can open another HUF bank account with a new karta(either myself or mom).
Few say that there are some legal formalities to be completed with the income tax & they have to be informed about the demise of the karta(father) & update them about the new karta(myself or mom). They can chanhe the PAN after updating their records.
I am really confused as to whom should I believe & what should I do.
Please guide me.
Thank you.

Dear Sir / Madam, How we can change the Income Tax Jurisdiction against a Individual Pan. Situation is that previously I had pan number with the address of Panipat, now I have change the same with delhi address. But when I have checked in ITR login my address is change but Jurisdiction is remain same. Can you pls confirm is it possible to change the Jurisdiction. Kindly confirm the procedure for the same. Thanks & Regards Kishore

Sir,

I have recently qualified CA Final and wish to apply for obtaining Membership number and COP.
If I apply in March'17, will I be required to repay membership fee for 2017-18?

So, should I apply in April?

Dear Sir,
My Father (aged 67 years) sold the joint property co-owned by his brothers since last 50-years. The amount received through this Sale is 100% Taxable due to Profits under Capital Gains (Gains is 100% taxable due to property appreciation in last 50-years as per Government declared land Prices in that local SRO.)

These funds received through this sale is partly (60% of funds) used for purchase of new Open Residential Plot.
This fund used for purchase of Open Residential Plot is Taxable under Capital Gains?
If yes, can I claim tax benefits after I construct the Home on this Plot using remaining 40% funds.
Our CA advised Open plot property bought using Capital Gains cannot be considered for tax benefit. Due to this, this funds Value(60% of fund) used to purchase property is 20% Taxable due to Profits gained through Capital Gains

Now due to shortage of funds to avoid Tax for Capital Gains Account 60% of funds due to Plot purchase, we Need Home Loan and bridge this gap.
Is this proper way to take home loan to cover less amount.

I am Employed (My age: 30 years) and my Father is retired (Father's age: 67 years)
Will I be eligible for Home Loan on this property completely owned by my Father. (I have one younger sister and she is married. So property will be owned by my father and my sister is ready for any legal agreement in my favor)
Can my Father claim Tax benefit for Capital Gains
and can I claim for Income Tax benefit if I take Home Loan on my Name (property owned by my Father)
Please suggest better plan to avoid paying huge taxes.

Resepected All Experts, I want some information regarding Articleship I have cleared ITT and OP i came from Direct entry route as the ICAI guideline after Clear ITT and OP do articleship for 9 months then eligible for IPCC exam so my question is there are so many firms i checked and i heard also then take only those student who have cleared 1st aor Both group ipcc so how can do articleship. Is any firm in delhi They provide articleship for direct entry student how can search CA firms in delhi they take Direct entry candidate please inform me and guide me .. With Regards, Rahul Pandey

IF SALARY / WAGES PAID THROUGH CASH TO DIFFERENT EMPLOYEES IN BETWEEN 10,000 TO 25,000 & REGISTER TOTAL TO A TUNE OF SAY Rs.4,00,000 FOR AN ESTABLISHMENT
APPLICABILITY OF section 40A (3) was introduced to be applicable from the assessment year 1969-70. Under this clause, all payments exceeding ` 20,000 are to be made only through a crossed cheque or a crossed bank draft. So, if any payment exceeding ` 20,000 is made otherwise than through a crossed cheque or draft, then 100% [upto Assessment Year 2007-08 it was only 20%] of such amount is to be disallowed as deduction while computing income under this head of income. MAY PLEASE BE CLARIFIED

We are a manufacturer. We are required to send Our Capital Goods/ Finished Product for Testing/Demo Purpose to customer is it GST is Applicable on Self Supply? Under Which Section?

Hello!!!

I am ,living in India , providing educational consultancy services in India. Am I liable to collect from customers and pay the amount of service tax to the government?

We are a manufacturer located in Maharashtra. We are receiving Sales order from Commission agents located in Sri- Lanka.

Our Commission agents doing marketing for us and gives order for supply in various country like Canada, Australia etc. Purchase order is directly received from customer to us (in the name of manufacturer). We are paying commission to commission agent as percentage basis. We are supplying (export) direct to customer.

In this case Commission Charges Paid to commission agents.will attracts gst on it? (or it is a import of service) & GST is paid on Reverse Charge Basis & claim the ITC. Please explain

1. We are a manufacturer located in Maharashtra. If we received Purchase Order from Buyer located in Andhra Pradesh and Consignee is Located in Gujarat where actual supplies takes place.
It is a inter-state transaction & IGST is applicable. But Person who is paying us i.e. Buyer. Can buyer ask to issue us a separate invoice in this case or consignee is required to issue invoice to Buyer.Please explain

2. We are a manufacturer located in Maharashtra. If we received Purchase Order from Buyer located in Gujarat and Consignee is Located in Maharashtra where actual supplies takes place.
It is a intra or inter-state transaction ? which tax is applicable. CGST or IGST . Please explain above 2 transactions.