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Question & Answer


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.

T&C apply


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.

T&C apply


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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A

Anurag

16 Jan 2019

I work in Mumbai wherein I stay in a PG, I have also rented a house in Pune where my family lives. I pay the rent there as well and its in my name. Can I claim HRA for my Pune house? I will not be showing Mumbai PG rent then, only my Pune house rent.

Replies (1)                          

CA Yash Jain       21 Jan 2019

Legally allowed ...
however Depends on your company internal policy
a question may arise how come he works in mumbai and stays in pune does he travel every day ? where is expenditure claim? practically depends on company to company

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A

Anurag

16 Jan 2019

I am having a doubt regarding HRA. I work in Mumbai wherein I stay in a PG, but I have a house in Pune, which is rented in my name. I want to show that house only to claim my HRA. Can I do it?

Replies (1)                          

CA Urvi Gandhi       16 Jan 2019

Yes Anurag, You can claim HRA for the house you are living in as PG. Kindly note while filing IT return, you will have to consider the income from Rent received from your Pune House.

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