Komal

I have two queries:
1. Can a HUF be formed even if a Husband or Wife are not having any child?
2. Can A HUF be created even if there is no gift?


Vijay Koradia
19 May 2023 at 19:00

GST QUERYS

We are opting for a composition scheme from 01-04-2023 and have a stock of Rs. 200000 as of 31-03-2023. Which form should be filed by us to reverse ITC on stock held?


suryadipsinh mori

Helo experts,
I want to do partnership firm GST registration
Want to take on home address of one partner
Electricity bill available, what have to do further For approval of business address

Thanks in advance 🙏🏻


Ravi Teja
19 May 2023 at 15:07

How to claim TDS

1. First Case:
Expense booked by recipient in FY 2021-22 and booked TDS , while the service provider issued the Invoice and offering income in FY 2022-23. The service provider has not claimed the TDS in FY 21-22 and filed his return of income. Now is there any possibility for the Service Provider how can he claim the TDS in FY 2022-23.
2. Second Case:
Service Provider provided service in FY 2021-22 and service recipient also booked the expense in their books. In this case the recipient defaulted in making the TDS payment. The service provider has not claimed the TDS as the deductor failed to deposit the TDS and made the Tax payment in cash out of their own pockets for the FY 2021-22. Now the Recipient of service made the TDS payment along with interest in January 2023. Now how can the service provider can claim the refund of this TDS. Is there any procedure other than From 26A procedure.


Vaishnavi

A property is jointly owned by a resident brother and a NRI sister. NRI has executed a power of attorney in favour of the resident brother to carry out the sale transaction. No amount from the sale is to be repatriated to the nri. Is it enough if the buyer deducts tax u/s 194IA @ 1% of the sale amount to be paid to the resident brother? Will withholding tax be applicable for nri? If yes, should NRI submit form 13 for nil deduction of tds even though no money is going to be transferred to her?


Ankit Tantia

Dear all,
I had one query:
An assessee had himself filed his income tax return for the F.Y. 2014-15 and inadvertently shown Income of F.Y. 2015-16 in F.Y. 2014-15. There was no income in F.Y. 2014-15 as the assessee was unemployed. Later on Return of FY 2015-16 was filed with the actual income of FY 2015-16.
Can the return of income filed for F.Y. 2014-15 be deemed invalid by the Department and vacate the demand?
The return of income filed for F.Y. 2014-15 was filed erroneously and there was no income during the relevant financial year and thereby NO TDS, thus demand was raised.


gayatri gade
23 May 2023 at 16:42

Payment in Margadarsi chit fund

Dear members,

I paid for a chit in Margadarsi.

As you are aware of the present situation at Margadarsi, it is involved in a 'multi-crore scam' and investigation is going on.

Have been getting continuous phone calls from them who are putting pressure for the payment of monthly instalment some of them talking very rudely and rashly too.

Would like to seek advise whether I must continue paying my installments or stop paying till the matters are sorted out.

Link to chronological articles in news about this matter for your easy and ready reference -
https://docs.google.com/document/d/1WYr7D_z9y5parGlqkql1nrz7VA8UImyYxlW9Hr-Cno8/edit?usp=sharing

Thanking you


omnath
19 May 2023 at 12:34

IT REFUND FOR RESTRICATED REFUND

SIR
MR. A FILED IT RETURN FOR THE ASST -YEAR 2002-23 WITHIN DUE DARTE WITH IN REFUND CLAIM. BUT THE REUND NOT RECEIVED THILL DATE . THE REASON OF BANK ACCOUNT VALIDATED BUT REMARK FOR RESTRICITED FOR REFUND. MR A HAVE ALL READY FILED KYC TO BANK. HOW SOLVE THE PROPRELAM.
THANK


Kollipara Sundaraiah

Sir,
A composite registered tax payer turnover report in it returns f.y.22-23
1.purchases turnover as per books and orginal invoices based rs:80 lacs
2.purchases turnover as per ais it portal rs:70 lacs
3.purchases turnover as per gst portal rs:75 lacs
Question:
Dealer purchase value report in it returns f.y.22-23


SREE PRAKASH
19 May 2023 at 12:19

Time limit for calculation of LTCG

Respected sir
Please clarify the following
Sale of property was registered in April '23
TDS was (for the whole amount of sale price) made in March'23 and remitted in March itself by the buyer.
1.When to file return for claiming LTCG ?
2.From which date the time limit of 2 years will be calculated ?
Thanks in advance





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