Darshneel
29 April 2018 at 13:57

Loan without interest

Dear Sirs,I am an NRI and I lent some money to my friend for his house construction without any interest. Money was transferred in installments from my NRE account through net banking.Now, my friend is going to return that money in single payment which will obviously be deposited in NRO account.I request expert here to advise me how I would show this in my income tax return filing since the returned money is mine only or there is no need to show in ITR.Thank you very much for your time and advise in advance.


Parteek Bansal

CLIENT IS ENGAGED IN CONSTRUCTION OF COMMERCIAL BUILDINGS, ROADS, AND MAINTENANCE WORKS BY SUPPLYING LABOUR ONLY. WHETHER HE COMES UNDER GST TAX BRACKET ?
PLEASE PROVIDE DETAILS.



Anonymous

Hi,
My Company sends some employees abroad for official work and provide them some dollars for the trip.
On return, he submitted few bills and remaining he returned to us and which our company had sold to back to Authorized Dealer.
On verification of few bills it was found that he was unable to get few bills but he had incurred the same during the tour and company had allowed him same to some extent.
My query is:
1. Whether TDS is deductible or not (under head salary or any other head) for the portion for which bills are not submitted but still reimbursed to the employee?
2. Whether company has to treat foreign exchange gain/loss for the difference in sale and purchase value of foreign exchange as business Income Profit/ Loss or Capital Gain/Loss or to be considered in Income under Other Heads?



Anonymous

Hi,
My Company gives Foreign Exchange to our employees for foreign Travelling for official work.
Suppose I had purchased on 1st April 1000 US$ @ Rs 65/- and gave it to Mr. C and when Mr. C return on 17th April, he returned me back US$ 100 which I returned to Authorized Dealer @ Rs 64.80/-
So how should I record Entries for Foreign Exchange?
Or I should have to sell at Rs 65/- to authorized Dealer and don't record any difference in books?
What if I retain it with myself and then sell it after 6 months or give to another employee for official purpose?


raghavendra b

Dear Sir,

One of my client received cash more than 12 lakhs rupees, as per partition deed from her father whole such amount taxable in the hands of father or daughter.

clarify me

regards


Rahul Lavane
29 April 2018 at 11:27

Application for din

Dear sir

Our company want to appoint Mr. X as Director of the company but he has not any DIN already, so please suggest me. Whether Board resolution for Proposed director in existing company is required to attache to the form DIR -3 ?


Because Rule 9(3) (a ) of Companies (Appointment and Qualification Of Directors) Rules, 2014, says that-
(iiia) board resolution proposing his appointment as director in an existing company

Please suggest and if required, please provide me the which type of resolution format should be attached


CA Rahul Tambe

Client is engage in business of construction service. He sold first house after completion for consideration exceeds rs 20 lakh, is it necessary to obtain GST registration ?


Sakshi

In how many years offc furniture and fixtures can be written off and at what rate??


LOVE JAIN
28 April 2018 at 23:49

State jurisdiction

Could Anyone provide me the State Jurisdiction of Vaishali Ghaziabad, Uttar Pradesh Location for GST Registration?

Thanx in Advance


Sabita Sahoo
28 April 2018 at 23:19

Wcs

Can a registered works contractor avail ITC on purchase of material against private work I.e construction of residential house of an indivisual?





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