Tony Sebastian
19 June 2020 at 12:54

NRE taxation

Is interest from an NRE deposit considered as deemed to be accrued outside india?


nayab

Dear team

Our company sending some of the sample materials for crash testing due analysis testing done by Govt of India .if any GST applicable on that testing materials .Pl suggest


CA Rahul Tambe
19 June 2020 at 09:54

CAPITAL GAIN EXEMPTION US 54

ASSESSEE HAD 2 RESIDENTIAL HOUSE, HOUSE-1 IS USED FOR SELF OCCUPIED AND HOUSE-2 IS USED FOR LET OUT, NOW ASSESSEE WANT TO SOLD HOUSE-2 AND REINVEST SALES PROCEEDS IN NEW HOUSE-3, MY QUESTION IS WHETHER BENEFIT OF SECTION 54 IS ALLOWED IF ASSESSEE ALREADY OWNED ONE HOUSE.
PLEASE GUIDE US.
THANKS IN ADVANCE FOR SPARING YOUR VALUABLE TIME


RAMYA

A trade union has been formed and in the bye-laws it has been mentioned that a member has to pay Rs.365/-
towards one year membership and Rs.100/- towards one time admission fees. Total Rs.465/-
Now a lot of members are likely to join the trade union. But they feel that the membership fee is slightly higher.
So they have requested the Trade Union to collect only Rs.250/- towards both membership & admission fees.
The trade union has already collected Rs.465/- from 100 members. If they decide to reduce the membership & admission fees to Rs.250/- whether they have to return back the difference of Rs.215/- to the existing members
or is there any way to account the difference money collected in the form of donation etc. Whether the bye-law
has to be amended.


P.B.1234
18 June 2020 at 21:06

Section 80P

Our client is a cooperative society engaged in manufacturing tea from bought leaf and then selling the finished product.
1.Is it eligible to take deduction under section 80P?
2.If the cooperative society incurr loss, then how to apply section 80P?



Krishna Joshi
18 June 2020 at 19:43

GSTR 1

I HAVE FAILED TO FILL B2C DETAILS IN GSTR 1 FOR THE PERIOD 2019-20 OF WHOLE YEAR. WHAT SHOULD I DO TO CORRECT THAT ERROR, PLEASE HELP.


Kollipara Sundaraiah
18 June 2020 at 18:46

First I.t. return filed

Sir,
How much amount capital and cash on hand introduced shown in balance sheet first time I.t. return filing under I.t. act for proprietory concern.


Dhiren Shah

A LLP has taken loan from 2 partners. Now the business is not working and LLP needs to be shut down.
But there is no money to pay back partner loan. The loan amount was capitalized over the years.
Can LLP close without paying back partner loan?
Can LLP write off partner loan and then close?
What is the process in such a scenario?


Deepak Rawat

Dear Sir,
I want to know that at the time of filling GSTR1, Does HSN Code include value of advance receipt ? For Example, I sold material for Rs. 1,00,000/- under HSN 1234 and from a new party I received advance for Rs. 10,000/- under same HSN.
So what value will be filled in HSN code detail, will it be Rs. 1,00,000/- (Actual sale of material) or Rs. 1,10,000/- (amount including advance) ?
Please make it clear.


NAYAN
18 June 2020 at 15:42

LOANS

Hi, I Have a Question
A partner purchase Car And their Emi Paid in Company Account Interest Entry pass or not ?? Any Partner Reimbursed Interest Exp in their personal Income Tax return?? If Interest entry does not passbook of account ledger not match please give Suggestion for that.

Thanks In advance





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