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Click here to Post your Query >>5983 unanswered question(s) — Showing 61–80
| Que. Id | Date | Description |
|---|---|---|
| 21531 |
Oct. 05 2025 |
Permission to hold Directorship –
(INSOLVENCY)
I am a fellow member and do not hold CoP. I am also an Insolvency Professional (IP) registered with IBBI and IIIPICAI. My other IP colleagues (not all of whom are CA's) along with myself are planning to incorporate an IPE ( as a Pvt. Ltd Co.) where we will be shareholders. I will take up position as an Executive Director in the IPE. Please advise if any prior permission/approval is required from ICAI. If so what are the relevant forms to be submitted and what is the timeframe for getting the approval. BY: CA. NAIR MANOJ GANGADHARAN No answers yet View Answers | Post Answers |
| 21530 |
Sep. 30 2025 |
BAD DEBTS PROVISION AND BAD DEBTS WRITTEN OFF –
(DIRECT TAXES)
In Financial year 2023-24 we have provided Rs.2 crores as Doubtful Debts in Bad Debts provision so Profit of the Company reduced by Rs. 2 crores as bad debt provision. In Income Tax that 2 Crores were added back in Profit as it was provision. now in FY 2024-25 we want to claim 2 crores bad debts written off so what is the effect to profit and loss account as without written off in books we can not claim . And if again we are debiting the Profit and loss account then again profit reduced in FY 2024-25. BY: Arun Kothari No answers yet View Answers | Post Answers |
| 21529 |
Sep. 29 2025 |
TAX AUDIT U/S 44AB –
(AUDIT)
Turnover exceeding 1cr but does not exceeding 2 cr..whether in will be covered in tax audit 44Ab (limit 60) or 44ad (outside limit of 60 audits)? BY: SEEMA AGARWAL No answers yet View Answers | Post Answers |
| 21526 |
Sep. 27 2025 |
082701 –
(GST)
Whether services provided by Unregistered CA like Audit,Tax consultancy and financial consultation will attract RCM BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21527 |
Sep. 27 2025 |
082701 –
(GST)
A textile prop Firm dealing in Shawl is getting shawl fabricated by sending yarn to Unregistered fabricator. Whether reverse charge is applicable ? BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21528 |
Sep. 27 2025 |
082701 –
(GST)
If a party issues debit note to somebody for purchase return Whether it should put on portal or the party that has to issue credit note should initiate by uploading Credit note for acceptance BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21525 |
Sep. 24 2025 |
Tax audit applicability –
(DIRECT TAXES)
I have a client who opted for the presumptive scheme under section 44AD but has declared profit lower than 8%/6%. As a result, tax audit is applicable under section 44AB(e). My query is: Will this tax audit be counted within the limit of 60 tax audits prescribed by ICAI, or will it be excluded from the limit? BY: BHAVESHKUMAR CHAUDHARY No answers yet View Answers | Post Answers |
| 21524 |
Sep. 22 2025 |
GST RATE ON COSMETIC AND PLASTIC SURGERY BY DOCTOR –
(GST)
After the 56th GST Council meeting, has there been any change in the GST rate for cosmetic and plastic surgery services provided by doctors, which are currently charged at 18%? Please clarify BY: PONNUSAMY R No answers yet View Answers | Post Answers |
| 21523 |
Sep. 10 2025 |
Charitable & Religious Trust –
(DIRECT TAXES)
What is the due date for making investments/deposits u/s 11(5), arising out of receipts of Corpus Donation u/s 11(1)(d). Further, whether the same is to be reported in Form 10. BY: Nilanjan Kayal No answers yet View Answers | Post Answers |
| 21522 |
Sep. 09 2025 |
082701 –
(GST)
If we are sending goods within 20 km in Punjab(within a city) by non motorised vehicle, I think E way bill is not required. Am I correct? BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21521 |
Aug. 29 2025 |
Under the new ICAI Guidance Note for Non-Corporate Entities, effective from FY 2024–25, the treatmen –
(DIRECT TAXES)
Under the new ICAI Guidance Note for Non-Corporate Entities, effective from FY 2024–25, the treatment of personal assets and liabilities in a proprietor’s financial statements Propreitor previously included personal assests and liabilities in his Balance sheet in T Format but now as per New format of Non Corporate entities how should the Propreitor report the personal assests and Liabilities ? Should we Report Personal and Business, Assets and Liabilities separately ?? Or Include it in the Business Balance Sheet or there is any other method Kindly Share as guideance note has not clarified regarding this issue BY: GOVIND MUNDADA No answers yet View Answers | Post Answers |
| 21520 |
Aug. 23 2025 |
APPLICABILITY OF AUDIT UNDER SECTION 44AB –
(DIRECT TAXES)
Partnership firm incorporated in the FY-2024-25, having turnover of 5,04,000/- and profit of 18,000/-. Whether tax audit required ? BY: GAURAV MUNJAL No answers yet View Answers | Post Answers |
| 21519 |
Aug. 22 2025 |
TDS u/s 194N - Cash withdrawal from Bank –
(DIRECT TAXES)
A client is a cooperative bank. One of their customer ask them to deduct TDS amount from SB A/c instead from cash withdrawal amount. For e.g., if he withdraw Rs,1.2 Cr cash from closure of deposit. TDS amount of Rs,2.4L to be deducted from SB A/c and remit the full amount of Rs,1.2 Cr in cash, BY: SRIPRIYA PRAKASAM No answers yet View Answers | Post Answers |
| 21518 |
Aug. 21 2025 |
PENALTY UNDER SECTION 74 OF GST ACT –
(GST)
Our client has received a GST notice under Section 74 of the CGST Act for reversal of input tax credit on purchases made from a bill trader (non-existent dealer). On receipt of the statement in Form DRC-01A, the client has already discharged the tax along with applicable interest and a penalty of 15%, as provided under Section 74(5). However, the Proper Officer is now insisting on payment of 100% penalty. Plz Clarify BY: PONNUSAMY R No answers yet View Answers | Post Answers |
| 21517 |
Aug. 19 2025 |
RCM 9(4) on Payment to Contractor who sends labourers –
(GST)
Client a Builder/Developer doing Real estate project under JDA with Land owner.A contractor will send many labourers.Builder pays to contractor and deduct TDS under IT Act 194C.Contractor has no GST.Will this payment to contractor needs to be considered in80:20ratio of mandatory requirement of purchase from regd dealer?If 80% requirement failed, whether liable to RCM 9(4)?If yes,How to avoid RCM for this? BY: Sivaraman A.R. No answers yet View Answers | Post Answers |
| 21516 |
Aug. 17 2025 |
082701 –
(Customs & Excise)
We have sent one sample free to canada to a relative by DHL Are we supposed to inform any authority for this in icegate or other BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21515 |
Aug. 15 2025 |
082701 –
(GST)
While filing June montrh GSTR 1 where Sales return was more than june Sale and Negative liability was appearing. Now while filing GSTR 3B in July 25 how to reduce Liabilty by same amount as it is not reducing liability automatically BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 21514 |
Aug. 12 2025 |
Transfer of Assets between branches - Applicability of GST –
(GST)
Is Transfer of Assets between branches within same state is liable to GST? The entity is registered at only one place in state. Please clarify BY: SRIPRIYA PRAKASAM No answers yet View Answers | Post Answers |
| 21513 |
Aug. 06 2025 |
Taxability of Sale of Transferabel Development Rights (TDR) –
(Capital Gains)
We have a case of assessee in which Land Developer purchased in July 2024 for a monetary consideration of Rs.2 Crores TDR, which was issued by Municipal Corporation to the assessee in lieu of a portion of his land reserved for Coastal Road project during July 2024. Whether capital gain will be attracted in this case to the client? If long term, then whether indexation will be available? For Indexation can holding period of Land be considered to decide whether Short Term or Long Term? And also whether exemptions u/s 54F, 54B, 54EC will be available? Please provide valuable inputs.... BY: CA Ravish Thakur No answers yet View Answers | Post Answers |
| 21511 |
Aug. 04 2025 |
Compulsory Acquisition for Highway project - Whether exempted from income Tax –
(DIRECT TAXES)
Dear All, An assessee's vacant residential land was acquired by TN Govt for highways project. No Stamp duty and Registration fees was paid since both are exempted by G.O 56 CT&RD dt 29.06.17. Being a compulsory acquisition can the assessee claim exempt from Income Tax by virtue of CBDT Circular No. 36/2016 dated 25/10/2016. CBDT vide Circular No: 36 of 2016, Dated 25/10/2016 offers due recognition to the provisions of section 96 enacted under the "RFCTLARR Act, 2013" so as to treat award under the said Act as tax-free under the Income -tax Act, 1961 No TDS done (value is Rs 31 lakhs) and the document says acquired by Tamilnadu government for public purpose and executed by the highways department. Compensation not given at Market value. BY: CA. VASUDEVAN P K No answers yet View Answers | Post Answers |
