Chaithanya Anne
31 January 2023 at 17:00

Sole Proprietorship to HUF

Can I transfer my Sole Poprietorship firm to HUF by MoU? Pls provide format of such MoU?


Suresh S. Tejwani
31 January 2023 at 16:55

TDS ON ROAD SIDE ASSISTANCE

WHAT PROVISION OF TDS IS APPLICABLE IN CASE ROAD SIDE ASSISTANCE PROVIDED BY THIRD PARTY TO DEALER OF BIKES AND CARS.


Karan Vakharia

The assessee was holding a Slum property in X area.. The BMC wanted to expand the road where the slum was situated. Hence, the BMC entered into tripatriate agreement between BMC, assessee and builder to accommodate the asseessee in one of the flat in the building in Y area being developed by the builder. The stamp duty value reported in index 2 was NIL. Thereafter, on the same date, the assessee and builder entered into repurchase agreement where the builder bought the property from assessee at a nominal value but the stamp duty value reported in index 2 forming part of repurchase agreement was 1.3 cr. The tripatriate agreement and the repurchase agreement both are entered on the same date.

How will the capital gain be computed for the assessee. Whether it will be at the stamp duty value of 1.3 cr or at the nominal amount received by the assessee from the builder?


swamy

DURING 2010 A PARTNERSHIP FIRM CONVERTED INTO PRIVATE LIMITED COMPANY.IN THIS PROCESS SOME IMMOVABLE PROPERTY TITLES HAS NOT BEEN CHANGED.AFTER 12 YEARS ALSO THIS PROPERTY DOCUMENTS IS SHOWING PARTNERSHIP FIRM NAME.BUT ALL THESE YEARS PRIVATE LIMITED COMPANYWAS PAYING MUNICIPLE TAX AND CLAMING DEPRICIATION.NOW PLS SUGGEST,WHAT IS THE PROCESS TO FOLLOW TO CHANGE THE NAME IN PROPERTY DOCUMENTS OF THIS ASSETS FROM PARTNERSHIP FIRM NAME TO PRIVATE LIMITED COMPANY'S NAME?.


Suresh S. Tejwani
31 January 2023 at 13:23

GSTR - 1 SALES QUERY

MR. A SHOWN AND PAID EXCESS B2C SALE IN GSTR-1 OF RS. 100 IN F.Y. 2021-22 AND NOW MR. A REDUCED SALE OF RS. 100 IN F.Y. 2022-23 FROM BOOKS OF ACCOUNT(BOOKS SALE-100RS.) INSTEAD OF REDUCING BY AMENDMENT

WHAT ARE THE CONSQUENCES ?

SUPPOSE IF REDUCED THROUGH AMENDMENT THEN WHAT ABOUT DIFFRENCE IN BOOKS AND GSTR-3B.


Mahabir Prasad Agarwal

The Karta of a HUF has expired. Please favour me by answering following :
a) Whether wife of the deceased can be Karta of the HUF for Income tax purpose ?
b) Whether New PAN of the HUF has to be applied ?
c) Whether wife of the deceased may operate the bank account of the said HUF ?

The deceased Karta left behind only his wife and a daughter (Major).


Mahendra
31 January 2023 at 11:11

DEP.ASSETS

Purchase of Machinery 04.05.2017 but not installed at , installation process is running .10.05.2017 fire accured and machine destroy.
QUESTIONS
1) THIS MACHINE IS ADDED TO PART OF BLOCK OR NOT? IF YES IN WHICH SECTION
2) CAN I CLAIM INSURANCE FROM INSURER COMPANY ? BECAUSE GROUP INSURANCE POLICY TAKEN BY COMPANY.
3) INSURANCE COMPANY SAID IS NOT A PART OF BLOCK & NO PRODUCTION IS START SO THIS MACHINE IS NOT PAID ANY INSURANCE AMOUNT


V Ishu Hegde
31 January 2023 at 09:28

Calaculation of ineligible ITC

a co.op hsg society raises quarterly bills which contains
1. maintenanace charges taxable
2. property tax exempt
3. water charges exempt
4. electricity charges exempt
The society purchases include
security bills taxable
house keeping charges taxable
accounting charges taxable
printing and stationerytaxable
how to calculate ineligible ITC?
is the input credit on security charges and house keeping charges to be taken on wholly taxable services
and the balance to be taken as common credit and calculated according to sec 17(2)


Guest
30 January 2023 at 22:13

unsigned financial statement

What is the legality of an unsigned financial statement send via whatsapp? What will be the court's stand on this?


CMA Sagar Das
30 January 2023 at 21:32

Sources of Interim Dividend

Can we pay Interim Dividend in 2022-23 from Accumulated P&L Balance (Cr.) showing in the Statutory Audit report of 2021-22?






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