Can a foreign holding company give loan to Indian subsidiary? What will it be called under FEMA?
What if it does not want it for 3 years or more (as ECBs). Whats the other way out?
Thanks in advance.
I am working in government organization as intern on short term contractual basis on the basis of cma intermediate (and there is no middle man or agency). When I received salary they deduct 10% tds from it u/s194j. But as per my point of I am not giving any professional service as I am not qualified professional. Whether i am right or wrong?I am little bit confuse about it. please clarify it so that I can understand and present my point of view before them.
In India Buy 2000 EURO For Rs. and expenses incurred for Tour and travelling 1730 and 270 return to money exchanger my question is that how to make Journal entry of both payment and sale and whether whether foreign exchange Flu cation required in the case of individual not going for official Visit.
Hi Sir,
I have recently applied for a Online PF Claim from UAN/EPFO Portal. But it is getting rejected with reason 'Claim Rejected BANK DETAILS IS NOT AUHTORISED BY THE SIGNATORY AUTHORITY".
Can you please help me out what kind of reason is this?
I have attached my passbook picture as well. I regularly withdraw the Employee part of the PF using the same passbook pic. But from last two times it is getting rejected with the above reason.
Could you please guide m what to do in this case??
Is the income from proffessional service ( Tution classes etc. which comes under presumptive tax) of the KARTHA of HUF be received in HUF Bank account and shown in ITR of HUF PAN and pay tax accordingly?
In India buy Foreign Currency EURO 2000 and paid Rs. 182154
My question is that how to make journal entry of EURO Buying in Books
I have a question , on 01/07/2023 bill was raised for Rs. 1,12,000/- + gst @ 13,440/-, eway bill portal had a technical glitch till morning, therefore raised a complaint on greviance redressal portal, after which ewb was generated. .....But wronly put invoice date 02.07.2023 on ewb since it was EWB was generated on 02.07.23. goods were sent from punjab to sahranpur .
AC intercepted the conveyance and imposed a penalty of Rs. 26996 + 125978
How can i resolve this issue?
is there any restrictions for claiming Tran credit for a person having registration under service tax.
We have received a query from department regarding availment of Tran credit, we have availed Tran credit(both Tran-1 & 2), on existing stock, but the now the department has argued that we have registered under service tax and so that we have not eligible for claiming Tran credit under Rule 117(4) a i of CGST.
Dear Sir,
Can we claim ITC on repairs and maintenance expenses of elevator/lift of office building in which we are tenants. But we are paying for such expenses and owner is not bearing any thing. Is only landlord i allowed to take such ITC. Kindly clarify.
Thank you
Sir,
My Form 26AS and Form 16, both showing same interest amount, but this amount is more than the amount showing in my AIS and my Bank's interest certificate. My AIS and Bank's certificate is having the same less amount and my Prefilled ITR is also showing AIS amount, which is less and as per my own calculation, AIS amount is correct. This all difference is due to a particular fixed deposits whose interest figure has been showing different in 26AS and AIS.
I have also written and emailed to my bank to correct either 26AS And 16 or correct AIS, so that their total amount matches but they have not taken any action so far and I presume that they will sit down on my complaint. Please advise me how to file my ITR as 31 July is approaching fast.
If I modify the figure in AIS and increase the interest amount than I will have to pay 20% more Tax on that increased amount which I have not earned and already Bank has deducted 10%. on this excess amount.
Note: The TDS amount is same in 26AS, 16 and Bank's interest certificate even when the interest income is showing less in the Bank's certificate and TDS has been deducted on the excess amount showing in 26AS.
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FEMA/ RBI - Can foreign holding company give loan to Indian subsidiary?