I have completed my articleship on 22-01-2019. I have completed my GMCS and all other pre-requisite which is necessary for obtaining a membership number.
Whether I have to wait till I get confirmation letter for completion of articleship from ICAI for applying for membership?Earlier I have filled Form 108 and Form 107 (for extension) in September 2018, whether it will work?

If I have stayed out of India for more than 182 days but I have no Foreign Income. I have Income in India from Rent on House Property. Am I considered NRI mandatorily and have to file return as NRI? Do I have to change my Bank Accounts to NRO accounts?
I live with my Children who have settled abroad.

Mr.X (NRI as of 2018) introduced Ms.Y to Mr.Z.
Ms.Y has taken loan from Mr.Z an amount of Rs.10 lakhs in year 2014 and fails to repay the loan amount.
In order to maintain goodwill, Mr.X repaid the loan amount on behalf of Ms.Y in installments (say Rs.150000 each)
Now, In 2018, Ms.Y repaid an amount of Rs.15 lakhs (including interest) to Mr.X by cash and the latter deposited the same in his mother"s account who is a non tax payer.
So, please consider the above case and do needful regarding tax consequence?
Let me know if you need more inputs.

NOTE:All transactions happened through cash.

THANKING YOU IN ADVANCE.

If an assessee has sold residential house property in the year 2017 and has bought a new residential flat in the same year and deposited the balance amount of LTCG amount in a Capital Gains bank account, the amount of gains was Rs. 1.50 crores; can the assessee purchase a second residential flat for the amount remaining unutilised in the capital gains bank account after April 2019 within 2 years of the sale of the residential house? Kindly suggest as per the amendment proposed under section 54 of the Income Tax Act by Interim Budget 2019.

How much time take to download 16A after submission of TDS return online?


Plz tell if anyone Knows!!

Good morning sir,
We purchased Securities for Rs.100000/- it includes 95000/- principle & 5000/- as accured interest for 90 days i.e. total -100000/- on 29th September, 2018. On 20th November, 2018 received interest Rs.8000/- credited in bank account. Kindly give suggestions on how to pass the entries.

Dear sir,
My friend is contractor, his turnover is more than Rs. 20 Lack and he liable to take GST no. since 01.07.2017 but he has obtained no. in January 2018. He has not filed his any return till Nov. 2018. The department issue a show cause notice and in January 2019 the GSTIN no. is cancelled.
My query is whether i have to apply for fresh registration or request to department for activate this no. again.
Please guide.

Sir

my company is active in which we have 3 director of which one director status is disqualified u/s164(2) since 16/11/2016.

now we want to strike off our company under sec 248 as we had not doing any business since its incorporation.

how I strike off our company?

some one said remove disqualified director and than apply for strike off procedure.

how I remove disqualified director?

what we have to write in resolution for removal of such director?

is there any option is available ???

Thanking you.

Dear sir

Ours is proprietorship firm and we filled IT returns for AY 17-18. But ITR V is not e- verified. We have sent signed ITR V twice to Certralised Processing centre Income tax department Bengaluru by speed post and ordinary post. before due date.

But they rejected our IT returns because if ITR V is not verified,
next what steps we have to take. Please suggest me.

If an employee works for 8 months with a company, please advise that how much standard deduction is he eligible for? Is it that Standard deduction would be calculated for 8 months proportionately i.e (40000 * 8 months /12 months)?