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Question & Answer


K

Kunal Karlekar

21 Jan 2019

I want to apply the option to exclude GST from invoice, so can I still continue with the existing series invoice number in such case, which will not have taxes?

Replies (1)                          

CA Yash Jain       21 Jan 2019

Kindly please do eloborate further to let experts in our website to answer your question effectively

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L

Lokesh

20 Jan 2019

I plan to do a sole proprietorship registration for my photography business. I want to give the office address as my permanent address which is in Assam, but my base of operations is in Bangalore, though because of the nature of my business I have to keep traveling to a lot of other stares as well, Would there be an issue?

Replies (1)                          

CA Yash Jain       21 Jan 2019

Since GST implications would be based on state wise, you would have to take registration in Bangalore ... when you travel across states, you can bill them interstate service bill according to place of supply rules.

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P

Pulkit

19 Jan 2019

A pvt ltd company registered in may 2016 failed to file any statutory compliance and annual returns The company had not done any business since incorporation What is the safest option for directors to close the company without much cost 1) to wait and make the company dormant and in the mean time change the directors 2) wait for any scheme by mca for filling return without penalties 3) any other suitable option Note - Both the directors are not in a position to pay even fees Thanks in advance

Replies (1)                          

CA Yash Jain       21 Jan 2019

1.Apply for strike off of the company (2 possibilities)
A.Officer may accept your application and your company is striked off
B.Officer may ask you to file annual compliances of last two years

2.File all annual compliances (along with Director KYC) and get strike off done.

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P

Prarthana

19 Jan 2019

How to treat sale of ancestoral agriculture property

Replies (2)                          

CA Abhishek jha       19 Jan 2019

No income tax there on

CA Yash Jain       21 Jan 2019

It depends on Location
1.If land in rural area (rural area defined in income tax) then no tax
2.If in urban area (means any area other than rural area) then taxable unless it is taken up under compulsory acquisition.

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S

Shailesh

17 Jan 2019

I have an old DIN number which is now disqualified. I want to start a new business but can't start due to my disqualified DIN. Should I cancel that DIN or reactivate it. What is the best procedure.

Replies (1)                          

CA Varun Maheshwari       18 Jan 2019

As per rules on person can have only one din,therefore you have to complete E-kyc for Din and reactivate it,penalty for same is Rs 5000.

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