Company Owner Purchase Gold Worth 1,50,000.00 For Personal Use From Company GSTIN . Then What Will Be Entry In Company Books

What is current corporate tax %ge for pvt companies?

Mr.X has been accepting in bank and declaring rent income of a residential property in his personal ROI which was purchased in FY 2017-2018. Now in FY 2021-2022 the said property is sold for financing sons migration to foreign country for higher study and stay. Now when capital gain was required to be calculated, it came to knowledge that the said property's purchase and sale agreements are in the names of spouse and son but purchase was funded by Mr.X by borrowing loan in his name. The entire sale proceeds were received in sons bank account. Under the circumstances, who is legal owner, who and how capital gain to be declared. Please give references of sections, case laws etc.

Hello sir
One of our client filed GST return on April-June quarter 2021 by claiming wrong IGST input of Rs 21,000/-. He found the error and untilized the wrong ITC. But in last quarter return i.e. April -June 2022 he claimed the wrong ITC of Rs 21,000/-.should they use the DRC-03 to reverse the wrong ITC and how to calculate the interest amount

An assesssee who is an NRI sold an apartment in india during Fy 2019-20 and incurred long term capital loss. She kept the sale consideration in NRO a/c in india. During the Fy 2022-23 she purchased a an apartment in india by utilising the above sale consideration. Balance Rs.1558200 is available in her NRO a/c. This amount is out sale of consideration during FY 2019-20. No taxable income arises in both the years. She wants to repatriate 1500000 to united kingdom. What is the procedure & what form to be filled in .

During the F.Y.2021-2022 trust's income is more than expenditure and transfer to corpus @ 15% u/s 11(1)(a) is done still the trust want to transfer the surplus to further years. whether it is allowable ? at present surplus funds are deposited in saving bank account. please advise what is the procedure. Thanks in advance.

A company puts coupons in its products having different-different values in points. Ultimate consumer collects these points and after accumulating certain points, redeems those points against which company has to deliver the gift as per its policy to that person. Now if the value of that gift is more than Rs. 20000, then TDS u/s 194 R will be applicable or not. Generally, with such consumers company has no direct relation. The company also has no information about these consumers except name and address which they provide at the time of redemption of points only through company’s application for this purpose. So, PAN etc also not available with the company. So, if the company decides to deposit TDS from its own then how this should be tackled because no of transactions are in large quantity.

Kindly suggest us,

Condition 1:- Seller is in MP and Buyer in Maharashtra and Delivery address is in MP.
A) In this case confirm GST type (in invoice CGST & SGST will applied or IGST applied)
B) In this case Buyer will eligible or not for GST Rebate.
C) In this case in GSTR1 what Place of Supply mention in return.

Condition 2:- Seller is in MP and Buyer in Maharashtra and Delivery address is in Gujrat.
A) In this case in GSTR1 what Place of Supply mention in return.
B) In this case Buyer will eligible or not for GST Rebate.

Sir/ mam

I filled articalship form 103 yesterday and it also approved by principal within no time. But now I want to cancel it.

I did not complete with the stamping procces and final submission of documents at icai branch.

How can I cancel my registration?
And if there is need of filling 109 then sir it's not available on my ssp Portal maybe because I did not done final submission.

I searched option to delete form 102, 103 but it's not there plus I not filled 112 even though I am persuing B-com along with CA [ cause principal said no need to file it ]

Dear All,

Can any one please share TRC format for Taiwan..