Hi
My client company based on Hyderabad invoiced his sales to customer with in india in INR, that customer is having financing arrangement with the Denmark foreign bank with the guarantee of our parent company based in denmark. now they want to release funds in USD that our bank is no accepting. is it allowed under FEMA.

Dear Friends

One of my client wants to sale the land and give the consideration to their sons in abroad.
1. How to get the guideline value before 2000 as the cost of indexation is calculated from 2000-01 from this financial year.
2. Whether any tax should be paid for transferring the consideration to their sons in abroad.

kindly suggest

thanks

Whether a gift made to parents or grand parents by a major individual taxable, either in the hand? Is he required to disclose it in his I T Return. Is parents / grand parent required to disclose in their I T returns.

Dear all

We are a manufactuer of company. We export goods through DHL to out side india.DHL and we located in maharashtra under GST Act but DHL charges IGST on every services
Please advice what types of GST like. IGST OR CGST/SGST will be charge by DHL?????
Regards
Praveenkumar Varma

For experts opinion please:
Does SEBI Rules invalidate shares held in physical form after 31-March,2019.
Can holder of physical shares DE-materialize after 31-March 2019
Does that mean the restriction applies to transfer and not holding physical shares.

I had invested in a particular ELSS Direct (Growth) fund lumpsum 3 yeara ago to save tax u/s 80C. Now, on completion of the lock-in period that fund has given good return (56% absolut). Would it be advisable to invest again in that fund this year after redeeming the old units?

Dear Sir/Madam,
How to submit 112 form for another course during articeship and after getting permission for above course can i do for another course.
Hello sir,here my query is that i have some doubt regarding form 112 for example
1. If i got permission for a course and did another course along with same course can i get permission for middle of the course were permission is not got can i submit Form 112 for that course and can i continue with that course how
2 After completing my permission course can i apply for another course how
3 Is it compulsory to submit form 112 if not can you tell me what are the consequences/effects in my CA career
4.Can you tell me which act should i refer for understanding the provision for submitting Form 112

Thanking you sir.

One of my friend running own business of Electric Job work, Like Repairing of Electric Fans, Mixer, Coolers, Home appliances, New wire fitting in newly constructed houses / shops, Repairing of Washing Machine, Geezer and also repairs all types of electric components, which we have used in daily use at Homes.

Please tell me which Business Code of ITR-4, to be used to filed Income Tax Return for the Assessment Year 2018-19?

Please give your expert opinion.

With regards,

We are in opinion of opening a account for utilization of Foreign contribution, whether such new account also be in scheme of FC account or normal account can be opened?
Please give a suggestion ASAP.

Dear Sir / Madam,

ABC Pvt Ltd is formed during FY 2018-19. During FY, the Company has given some loans to directors. The directors were not aware of provisions of Section 185 of Companies Act that the Pvt Ltd company can not give loans to its Directors. That means the Company has violated this provision. Realizing this now, The Directors are ready to repay that amount to the company. This is a genuine case that most of the times the directors of Pvt Ltd company may not be aware of such provisions in very 1st year of the formation of the company.

Can we say now (after receiving above repayment) that the Company has not violated the provisions of Section 185 of Companies? Whether this needs to be reported in Statutory Audit report?

Please Guide
Regards,
Suraj