What is the procedure to be followed when director retire by rotation and not intended to get reappointed? when to file DIR 12?
Can some tell regarding implementation of IFRS in India. It deadline and present position?
Dear Sir. ,
A public charitable trust registered Under Sec12 A of the IT Act 1956, is expempt from income tax liability , if the trust, applies 85 % of its annual income , and submits form10B, audited report along with the return of income , but this year , though the trust has applied its 85% of its income , its, audit report under sec.10 B , is available, while attempting to upload the return of income , there arises a tax liability at Maximum Marginal rates, even though the trust has only rental income from property let out and interest income from investments in fixed deposits with State Bank of India,, this is if the interest income is shown as income from other sources, if the same is taken as voluntary contribution the tax liability is NIL, if so , how to avoid , qualification in audit report under sec10 B, as trust has fully complied with requirements of IT act , for claiming tax exemption , kindly clarify and guide us in this regard, the return of income has to be compulsorily filed online before 31st Oct.2017 , filing return of income manually is not possible , looking forward to your guidance in this regard, thanking you, ravi.r
A person, lets say X earns 90K per month from US for research services provided in India. No TDS or Form 16 compliance is done here. Gross salary is the net salary. X wishes to leave India in January 2018 (for good uncertain years) and wants to know the income tax compliance. According to me, X has to pay income tax for the current financial year and fill up Form 30C for Income tax clearance certificate. What are some good tax saving investment options for X so that income from investment and the maturity of the investment doesn't become taxable in India? Are there any other compliance, like appointment of a legal representative in India?
Sir/Madam,
I have met an client yesterday, he had collected gst on jul aug and sep due to losses and auditor problem he was not able to file the return. Now his prob is can he file the return for the same?(as per his condition paying of actual gst is difficult) or His 80% purchasers are filed the return so that in few days Gstr 1a will get generated, can he approve and pay it accordingly?
I find bit doubt regarding this Which way is better if he opt any one what is the pros and cons??
Whether NRE FD interest will be exempted for RNOR status?
Plz suggest with relevant notification/ rules/sections etc.
Sir,
I have made error in submitting 3B . I have entered my liability as 24Lakhs instead of 24 thousand. With this I am unable to file 3B return . Please advice what needs to be done other than payment of tax
Regards,
What are the procedure after incorporating a nidhi company(like share issue)?.
can I pay cash upto Rs. 200000 to farmers against purchase his agri Commodity ? My turn over is 3 cr.
Hi,
I own a newly founded company (LLP) which offer IT services.
Should I charge my client GST for 18% or Can I skip?
I read somewhere that GST is applicable if the annual turnover is Rs. 20 Lac or above.
Please guide me.
Thanks
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Director retire by rotation