Karan agarwalpro badge
18 December 2024 at 18:55

MCA DATA OF COMPANIES

CAN I GET MCA DATA OF COMPANIES WHO FILES THERE FORMS REGION WISE?


abhijit majumder
18 December 2024 at 17:11

Query on Cheque

Sir,
If in a cheque Payee;s name is wrongly mentioned does it invalidate the cheque.
One person told me that as per RBI circular bank only verify Account No and IFSC Code before accepting payment.
Is it true ? I have Doubt
Regards
Abhijit


MAKARAND DAMLE

Agricultural Property was converted in to Non Agricultural Plots and sold piece meal plots to different buyers
In FY 23-24 out of total some part was sold and balance remains as stock
Cost of Property value Rs.1.34CR
Property value at the time of N.A Rs.1.96 CR for 12181 sq Feet
Sale value as per agreements Rs.61 L for 1812 sq feet

In the above case my question is
1) How to show this in income tax return and how much will be capital gains and business profit if both are attracted.
2) What sale amount to be shown in capital gains schedule
3) What amount and how to be shown under business profits


Arvind gupta

Dear Sir,
My company is registered in UP and a Property taken on Rent is Situated in Haryana (Landlord is Unregistered).
My Question is that whether I have to Pay RCM as IGST or CGST & SGST.


P Joshi
18 December 2024 at 15:49

GST on Rent from unregistered owner

We are an interior design studio renting office space for ₹65,000/month. The individual property owner is unregistered under GST, and the residential property is being rented for us for commercial purposes. We have the following questions:

1. Are we required to deduct TDS on the rent?
2. Do we need to add GST to the rent?
3. If TDS is applicable, how can the owner claim it?
4. If GST is applicable, who will raise the GST invoice, and how will it be raised?


vamsi krishna

Dear Sir/Madam,

We have received a notice stating that all input tax credits for FY 2020-2021 have been disallowed due to the non-availability of e-invoices. Upon reviewing the status of suppliers from the e-invoice portal , we found that most of them have not enabled e-invoicing. We reached out to the suppliers to inquire about their turnover; however, citing confidentiality, many suppliers have refused to disclose this information.

For larger suppliers, we have been able to confirm their compliance and engage with them regarding e-invoicing. However, if a supplier has exceeded the turnover threshold for e-invoicing but has not registered or generated e-invoices, we, as buyers, are being held accountable for their non-compliance.

Is there any resolution or remedy available for this situation?


Sandeep Modh

Due to mistake in Interest Calculation in Return CPC GENERATE Refund and Income Tax return was invalidated


raghavendra b
18 December 2024 at 13:16

LATEST NOTIFICATION RCM ON RENT

DEAR SIR,

FROM OCTOBER 2024, RCM LIABILITY APPLICABLE ON SERVICE RECEIVING FROM UNREGISTERED LAND TO THE REGISTERED DEALER GST PAYABLE @ 18% ON RENT.

MY QUERY IS ITC AVAILABLE ON GST PAID THROUGH RCM

REGARDS

THANK YOU


ESMAIL SITABKHAN
18 December 2024 at 13:09

EXEXMPTION U/S 54 AFTER DEATH OF ASSESSEE

The property was sold by asessee during the current year FY 2024-25 after selling the property assessee died during 3 months. to take benefit of exemption u/s 54 in whose name investment is to be made in another house and also how to file the IT return for AY 2025-26.


VITTHAL RAM

SIR THE DETAILS OF MY QUERY AS FOLLOWS

PROPERTY PURCHASE IN 2022. TWO BUYERS AND TWO SELLERS
SELLERS PROPORTION 58 % AND 42 % RESPECTIVELY
CONSIDERING TWO BUYERS VALUE OF CONSIDERATION IE AGREEMENT VALUE SPLIT EQUALLY BETWEEN TWO BUYERS
STAMP DUTY VALUE SPLIT CONSIDERING TWO BUYERS AND TWO SELLERS.
STAMP DUTY TAKEN AS EQUAL TO AGREEMENT VALUE
THIS IS LAST INSTALLMENT
STAMP DUTY VALUE OF PROPERTY NOT MORE THAN VALUE OF CONSIDERATION

TWO FORM 26 QB BEING FILLED FOR EACH BUYER
FORM 26 QB FOR ONE BUYER AND ONE SELLER ISSUE BEING ENCOUNTERED AS FOLLOWS
CONSIDERATION VALUE RS 5000000
AMOUNT PAID TILL DATE RS 2300000
LAST INSTALLMENT RS 200000
STAMP DUTY VALUE OF PROPERTY RS 2500000

THE AMOUNT ON WHICH TDS IS TO BE PAID IS BEING DISPLAYED AS 250000
TDS TO BE PAID NOW ON LAST INSTALLMENT IS RS 2000
SUBMITTING THE FORM 26 QB WITH ABOVE DETAILS WILL RESULT IN ADDITIONAL TDS DEMAND AS AMOUNT ON WHICH TDS TO BE PAID IS BEING SHOWN AS 2500000.
KINDLY GUIDE TO FILL THE FORM 26 QB CORRECTLY PLEASE