CHANDRAKALA
14 September 2023 at 14:48

Donations received by cash above 2000

Donations received by cash more than 2000/- from each person can be used for application of income otherwise taxable in the case of society registered u/s 12AB


praveen Nautiyal

Dear Sir,

We have a Limited company, its authorized capital is 25 Lac, now we wants to increase our authorized capital from 25 Lac to 1 crore. 75 Lac to be increase.

Please explain me what is the slab of stamp duty and how much fees we would be paying.

Thanks & Regards,


Divya

Hi, I'm a working professional with an MBA degree in Finance and marketing specialization. Can I pursue CA now.


Marimuthu
14 September 2023 at 12:55

Specific POA

Dear Experts,

1 The company is carrying out the business in the lease hold property since from the year 2010.
2 The lease agreement prepared and got registered with concern register office.
3 One month before, these lessors sold this propery to their relatives.
4 The queries
Whether this lease agreement will be valid for the remaining lease term?
Whether this lease agreement will be valid, if the new building owner gives the special power of attorney, without entering into new lease agreement?


CHANDRAKALA

Whether tax audit is required in the case of turnover exceed in 2 crores and less than 10 crores where all transactions are made by cheques


P.Madhivadhanan
14 September 2023 at 09:19

Intimation of liablity u/s 73(5)

An assessee have filed gst return for the financical yeat 2018-19 return in 30/10/2019 and availed Input credit. Notice is served as liability u/s 73(5) payable . Some of the transactions are B2B & some of other sales are B2C. How to avoid this liablity ?


Sabita Sahoo
13 September 2023 at 19:03

Interest as per rule 42 of cgst rules

As per rule 42 of Cgst rules, reversal of ITC computed annually if exceeds than monthly reversal then the excess amount so calculated will be reversed with interest and the interest shall be calculated from 1st April of next FY.
As per sec 50(3), interest to be calculated from the date when it is utilised.
Thus in case of reversal of itc under rule 42, from which date ,interest is to be calculated?


Francis George

Hello, Could anyone please help me on the below query

We hired 3 Jeep for our Workers commutation from July . The person providing us the service is an Individual & the bill value from July to September is Rs. 253820/- .
In July month bill amount is around 37000/-, August it is around Rs. 99000/- & for September Bill is 117000/-

Kindly guide us with the Section & Rate that should be deducted?


neha
13 September 2023 at 16:38

BOE not reflect in 2A

Hello

if some BOE is not reflect in GST 2a last two year but we claim itc in gst 3b. Please suggest what we do?


Student
13 September 2023 at 15:02

AUDIT FOR INTRA DAY SHARE TRADING

Dear Sir,
My question is suppose I am salaried person and my income is above the exemption limit of Rs.2.5 Lakh and suppose during the full financial year If I have done only one intra day trading and suppose the profit is less than 6 % then do I come to Tax Audit although the turnover is very low. I ask with the following example.
Suppose I purchase the 500 share of Indian Oil @ Rs.100 and sold intraday @ Rs.100.10 so my profit will be Rs.50/- this income will be clubbed into my income @ applicable tax slab. Now during full financial year I have done this transaction only then do I have to undergo tax audit as my taxable income is above exemption limit say Rs. 14 Lakh from salary ??

as I have heard that If profit from Intraday Trading is declared less than 6% and Total Income exceeds Basic Exemption Limit When these 2 conditions are satisfied, Tax Audit will be applicable Is this true ? If this is true then I should avoid intra day as it attracts tax audit.
Please reply at the earliest.





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