Suresh S. Tejwani
07 August 2021 at 16:59

CAN A MINOR BECAME MEMBER IN HUF

CAN A MINOR BECAME MEMBER IN HUF

Read more at: https://www.caclubindia.com/experts/ask_query.asp


Kollipara Sundaraiah
07 August 2021 at 16:43

Accounting entry passed date in books

Sir,
A person new business strated dt:01-08-21
1.if a person capital investment in firm rs:8 lacs dt:2-07-21
2.purchase of furniture and others amount rs:3 lacs paid.dt:20-07-21
Question:
Assess above mentioned all transactions different dates or businesses starated day accounting entry passed in books is correct method.


satyanarayana
07 August 2021 at 16:04

44 AD-ITR

Sir,
Client operating Silver trading retail business and having Deposits ₹2450697/- as per his bank statement.(excluding saving bank interest)
Client not maintain account books,
Gross receipts 2450697 *6%=147041.82...is it correct for updated in ITR with out books.

He paid health & life insurance in F. Y 2020-21
Paying Interest on home loan..
Pls give suggestion.


AVADHESH DAHIMA

Sir ,
My client had received a notice under section 274 read with section 272A(1)(d) of the I T Act, initially 142 was issued about 6 months back but no specific point is raised in the notice. plz advice on reply of the notice issued


Arihant jain
07 August 2021 at 13:42

Depreciation on Television

Under which head is LED Television classified as per companies act and what is the rate of depreciation.


Parth Shah
07 August 2021 at 13:04

FSI schedule for NRI Indians

Hi,

Does a Non-Resident Indian need to declare their income earned out of India?

I have been working as a Software developer out of India since Oct-2019 and have not visited India since then. Per my understanding, I would be considered as an NRI for indian tax filing for current AY 21-22. When I am trying to fill ITR2 on the new portal and I select the Status as 'Non-Resident', the schedule FSI gets unchecked and I am not asked to provide the details for my income earned out of India. Is this expected? or should I still somehow declare the foreign Salary income?

Please let me know. Any guidance is appreciated.


CA Jasbir Singh
07 August 2021 at 12:04

ESI Applicability in factory

If a factory employed total 15 persons ( Wages of 8 persons =25000, and 7 persons =15000 each). is ESI act applies? Please give solution with reference to act only.


raghavendra b
07 August 2021 at 11:41

E-VERIFY ITR RETURNS

DEAR SIR,

I HAVE FILED INCOME TAX RETURNS ITR -1, SALARY FOR THE YEAR 2021-22, BUT DELAYED IN GETING AADHAR OTP, RETURN FILED WITHOUT AADHAR OTP LATER TO BE VERIFIED RETURN. WHILE LOG IN INCOME TAX PORTAL I HAVE SELECTED OPTION TO S E-VERIFY RETURN I AM DID NOT RECEIVE OTP AND IT IS TAKE MORE THAN 20 MINUTES AFTER THAT ALSO NOT ANY OTP MESSAGE RECEIVED.

WHAT IS THE PROBLEM WITH PORTAL OR ANY OTHER PROBLE WITH THAT

PLEASE GUIDE ME

REGARDS


CA Pawan Koradia
07 August 2021 at 10:47

Turnover under Income Tax Act

Respected Experts,
Turnover without GST is 1.90 Cr, turnover with GST is 2.42 Cr.
Can I go for Sec 44AD in this case with satisfying all other requirements of the Sec 44AD?
Sec 145A of Income Tax requires to include all taxes to be included in purchase and sales, is there any CBDT circular about GST being excluded in turnover? Kindly share if available


Rakesh Mondal

Hello,

I shipped one Handloom Item to Bangladesh. The courier company informed that customs duty to be paid by the customer is more than (almost double) the invoice value. The customer is refusing to pay the customs duty and release the item.
My query is: If I get the shipment returned by the courier company, do I need to pay and tax/ duty in either Bangladesh or India?

Regards,
Rakesh






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