TARIQUE RIZVI

At this moment of time one and only one DSC is registered on Traces website but simultaneously I would like to register the DSC of the other directors also. Please guide me


SREE PRAKASH

Respected Sir
Please clarify the following
The sale of house property was in April 2023.The proceeds are kept in bank sb account. It was not transferred to Capital gain account scheme.The new house property will be purchased in March 2024.
The query is whether the exemption will be get even though it is not kept in Capital gain account
Please clarify
Thanks in advance



rmalhotra

Sir,
A NRI individual wants to transfer some amount say Rs 9 lacs from his NRO a/c to his resident parents here for their maintenance and well being. Hence queries :-

1. Is there any upper limit up to which he can give funds from NRO a/c to his parents for their use ?
2. Will the receiving parent be required to show this receipt while filing their ITR ?
3. Is there any requirement to create any formal gift deed for this transaction ?
4. Will there be any requirement to create gift deed if amount for transfer to parent is even more say upto Rs20 lakhs .?
5. Will there be any requirement to create evidence of transaction which otherwise is already a bank transfer only.?

Pls guide.



DEEPIKA
23 January 2024 at 16:36

Form 10F under Income tax

Can a Non resident individual/foreign company apply form 10F without having PAN. If yes, so is there any requirement of authorised signatory's PAN of foreign company while filing of online Form-10F? Please suggest


Suresh S. Tejwani
23 January 2024 at 16:16

Interest on GST late payment

Mr.A has uploaded invoice of April - 2023 in GSTR 1 of Sept - 23 and make payment in GSTR 3B of Sept - 23 .

Whether Mr.A is laible to payment interest on such payment or not ? Please specify notification.


Santosh
23 January 2024 at 15:50

Investment in mutul fund and stock ITR

Respected Sir,

I have invest Rs.210000/-( its not a single payment investment its 9 Months SIP investment. some top up during marketing Crash ) In Mutual fund and Rs.109800/- In stock in Whole year. Its high Value Transaction ?
in point of view income tax can i face any issue Means any notice etc

Annual income Rs.400000/- i am regular filed ITR-1 due to income from Salary .
I have Depsoit Rs.300000/- ( 1+1+1 Lacs in Fixed deposit )
As on april my bank balance Rs.118000/-

Please suggest sir,


Akshada Gadekar
23 January 2024 at 15:34

FILLING GSTR1

We have some ITC for the month of Jun and Dec 2023. Now we are filling GSTR 3b, ITC available in 2B but ITC not shown column 4 . Now I will filed GSTR1 this error come he system is checking on compliance for Form DRC-01C. Please try to file GSTR1 again after some time.

please suggest how can take ITC and filed GSTR1


Suraj Mishra
23 January 2024 at 15:28

Account Head for Publication charges

Sir,
We conducted one study of Engineering Services and our study paper was published in one of e-Journal. We paid for publication charges. What will be the Account Head for Publication charges?
Thanks


VIJAYALAKSHMI K

Dear All,

I have a query regarding exchange rate to be applied for calculation of export obligation in USD (as per SB). Do we have to apply exchange rate prevailing on the day of SB filing or shall we apply exchange rate as per licence.

My understanding after reading attached POLICY CIRCULAR NO. 8(RE-98)/98-99 dt.:28.05.98 of DGFT, we shall take exchange rate as per EPCG licence for calculation of export obligation in USD and no need to apply exchange rate prevailing on the day of SB filing.

Is that correct? what is the practice followed in the trade?

Can anyone help me on this?


ARUN GUPTA
23 January 2024 at 15:07

Igst set off against outputcgst and sgst

Can we sett off Input IGST available in equal proportions between output cgst and sgst? Please advise the process of utilisation of available input IGST.





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