Bazeer Ahmed

Sir / Madam ,

We have owned one office car for our Director in our Company name. We understand that GST input claim is denied on Car vide section 17(5) of CGST Act 2017 while purchasing the car. But somebody told us the GST input claim on repair services held on such cars and GST input claim on Insurance premium of such cars can be availed.

1) Recently we have made and have paid the repair service charges / spares on our office car, Can we claim the input GST claim charged in the service / spares Bill?

2) Also we have paid the insurance premium for that car which is included with GST tax component. Can we claim the input GST claim in the insurance premium?

Kindly advise us whether can we claim or not​?

Advance Thanks,

with warm regards,
Bazeer L


SAYALI

A person ( residential Indian) is working out of India so his salary credited in their bank account as well as he received monthly salary in India also. I want to know how to calculate taxable income for foreign income FY 2017-18, Please suggest.
Thank You


CSGupta
31 May 2018 at 12:27

Ltcg on sale of vacant sites

One of my clients had sold 4 of his vacant sites during F.Y 2017-18 and got Capital Gains on each site. He purchased a Residential Property for Rs. 1,50,00,000/- in the same F.Y 2017-18. His total LTCG of Rs. 36,72,000/- (3,43,000+2,60,000+69,000+30,00,000). How to reflect in IT Return i.e., 4 different entries or 1 single entry. Please advice to me and do the needful and oblige.


CA K.Srividhya

Accrued interest income has been accumulated over the years. During the current year I need to reverse all prior year accumulations. Where should I disclose such reversal in financial statement? Whether it will constitute as a prior period item or an exceptional item? What are the disclosure requirements?

Regards.



Anonymous
31 May 2018 at 11:35

Tan

I have applied for TAN on 17th May.2018. I checked the 'status' in NSDL website
today and saw that TAN is allotted. But the TAN displayed therein is CHXXXXXX7D.
How to know the full TAN through website. Kindly share the procedure here,


IRSHAD A

Please attach sample affidavit and declaration by first subscriber(s) and directors) under companies act 2013.
Is it in INC-9 format?? Want to be executed on Stamp paper?


IRSHAD A
31 May 2018 at 10:17

Spice form

While taking DIN on Spice form, As a Proof of identity, we have to submit Voters ID/Passport/Driving Licence. No other option on Drop down menu, Is any other proof is allowable??
Same case for Residential proof, Only Bank statement/Electricity/Telephone bill is shown, Is Aadhar or other proof allowable?



Anonymous
31 May 2018 at 10:12

Which one itr should i file

I receive income from Tuition Fees from students ( 9 to 12). I want to ask which ITR should i file
Please urgent reply will be highly appreciable


maharaj

Dear Experts
I have one new clients doing business as partnership and having turnover last three years 2 core plus and done audit U/S 44AB.

When I have been gone through there SFT reporting in Income tax side last two years they do not submitted any SFT for 16-17, 17-18.
Is it compulsory for submit within 31/MAY/2018 for F.Y.17-18 ? If I do the the same in reporting and some coloum make it as YES then ITDREIN compulsory as message display in SFT reporting format. Then I go through the ITDREIN and there have showing two forms 15CC & FORMV. I have no remittance details like import or any foreign payments. Its a simple partnership business. What Should I do ??
Kindly advice.


Partha Chattopadhyay

Sold out an agricultural land in rural area. It is not considered as capital gain. While filling up ITR2 for efiling I am at a loss to find where in OS (income from other sources) sheet I am to include the amount received and where in EI (exempted income) sheet I am to include this amount for exemption. Seeking advice.





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