Manasi Nayak
26 February 2021 at 11:00

Payment to Founders of Indian Pvt Ltd Co

Hi, How do we pay to Founders of the Private Limited Company who have not yet become directors for the reimbursement of expenses done for the company like Flight charges, Hotel, taxi etc?

Do they have to raise a Reimbursement invoice under Professional Services?
If they provide all the supporting of the reimbursement then do we have to deduct tax under 194J?

What if they become shareholders? Does becoming shareholders give them any right to get money from company other than dividend?
What are the founder's rights?


Neha Juyal
26 February 2021 at 04:41

Incorrect udin linked to form 15cb

I have two 15cb and two udins for the month of Dec 20 and Jan 21, udin not updated in portal. Form 15ca and payment of foreign transaction has been done.

I was updating the udin to 15cb in tax portal, but incorrect udin is linked to it by clerical error . And now it is showing udin consumed.

What should I do now. Pls suggest asap


Jagan Raju

Can a Company do a GPA and then sell the land to an individual , i am in process of acquiring 600 acers of land and do a GPA with my company(this is being done for the safety of the transaction) once i acquire the land i would register the land on to individuals by doing this i can save on double registration, can this be done or what is the the best method of doing this, thanks in advance for you help


Ronit Ahara
25 February 2021 at 19:25

ABOUT NEW SCHEME OF CA FINAL

I AM REGISTERED AS CA FINAL OLD SYLLABUS.
I AM GOING TO APPEAR FOR CA FINAL OLD GROUP 1 IN MAY 2021.
MY QUERY IS THAT IF I CLEAR GROUP 1 IN MAY 2021 THEN AM I ELIGIBLE FOR EXEMPTION IN GROUP 1 FOR NOV 2021 EXAM IN CA FINAL NEW SYLLABUS OR I HAVE TO APPEAR FOR BOTH GROUPS AGAIN.


Nagorao kamlakar
25 February 2021 at 19:01

80DD

1.Is it required to spend money for claiming deduction u/s 80DD?
2.Is it sufficient for maintenance and nursing of disable dependent?
3.Is it mandatory to spend money on medical treatment in adjacent previous year?


MANJUNATHA M.R
25 February 2021 at 17:47

Gift of immovable property !!!

Please advise me weather my wife gift immovable property to my sisters son? Weather my wife comes under the list of relatives as per Income Tax? Please advise valuable feedback in this regard.
Thanks in advance.


Manikuttan Pc
25 February 2021 at 16:29

ROI calculations

Dear Sir,

In FMCG segment, how to calculate the ROI of a distributor
How to account the BG given to creditor by distributor (BG taken from bank against FD)


Jain Kuldeep & Associates
25 February 2021 at 15:57

Tds

T-FV-4125 Deductee detail Record number must be greater than the Deductee detail Record number of previous Deductee record. How I can resolve the issue


sankar
25 February 2021 at 15:55

Indirect Tax

Form F where is available , where can i download ( Karnataka website)


MAKARAND DAMLE
25 February 2021 at 15:40

GSTR 9

For F Y 2019-20 Interest on Income Tax Refund was shown in Profit & Loss Account under INCOME
In Income Tax Return i have shown it under income from other sources.
My question is whether this Interest needs to be shown under exempt supply in GSTR 9 so that turnover as per GSTR 9 matches with Profit & Loss Account income side total and Tax Audit Report






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