What kinds of questions I can and can't answer?
Income tax,Kerala value added tax,wealth tax,company law,Audit and Accounts.
My area of expertise Same as above.
My experience in
the area (years): 36 years.
belong to: Ramachandran & krishnakumar.
writing which has appeared : nil
Graduated from University of Kerala.
Chartered Accountant from ICAI.
Award & Honors:
Ranked in CA intermediate.
CAclubindia award(Most effective expert)for 2010-11.
NARINDER KUMAR SHARMA
: GSTR-1 of Qtr 4 (2019-20) wrongly filed "NIL"
We are filing returns on qtly basis as the T/o of the same is less than 1.5 cr. All the sales are made from this concern in the name of our another mfg concern in the month of Jan20 and there was no sale in feb&mar20. we filed all the GSTR3B returns in time and paid GST accordingly. But wrongly we filed "NIL" GSTR-1 for march20 (Q4) instead of GSTR3B. Can we show the sales in 1st Qtr. of 2020-21 and ammend B2B (dates of the bills) to cliam GST input in our purchasing concern. Please guide.
: Form 10 b - 143(1) notice
For AY 18 19 itr 7 was filed on 28th oct and form 10b was filed on 29th oct. Now notice 143 1 a is received saying audit form is not filed along with or before due date of. How to reslolve this?
: Clubbing of income
If an individual say Mr.X transfers a house property to his wife Mrs.X for an inadequate consideration then Mr.X is considered to be the deemed owner.
In the above case If Mrs X, sells the house property and gets capital gains then it should be clubbed in the hands of of Mr X.
My query is that to avail any eligible capital gain exemptions, who has to make investment? Is it Mr X or Mrs X?
: Deduction under section 80DD
Dear Chackrapani Sir,
My Uncle is a Govt Teacher and He want to calim deduction u/s 80 DD for his dependent daughter. She has 100% blindness. Can he claim the deduction u/s 80dd Rs.1,25,000/- even there is no much medical expenditure in the previous year except normal doctor consultation charges around Rs.2000/- for fever. Can he claim the deduction as she is a dependent and amount is incurring against her maintenance?
: Correction of company account
A pvt LTD company wrongly written off some of its investment by sec.premium account by passing a jrl entry,RS 5 cr.
- FY :2017-18
- ITR filed within due date, processed online, ROC return has been filed
Now company found the error and want to revert that.
1. Can be rectified u/s 154? or any other way out to change the BS and xml
2. Can roc return be changed,or submit amended BS by holding EGM
3.chances of IT scrutiny.
4. FY: 2018-19 ITR is pending
5. Tax audit not applicable for any year