Here is Portfolio page of Ritik, with all his work

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What procedure should the company follow to get a charge registered with the Registrar of Companies?
Dec. 18, 2017
What would be the time of supply of services taxable under reverse charge mechanism?
Aug. 09, 2017
What is hourglass structure?
Aug. 10, 2018
I have purchased 4000 shares of private company from market at a discounted price of Rs.40 on 31st March 2016. On this date company has recorded the book value share at 70. Do I need to pay tax on discounted value of Rs.30 ?
Jan. 09, 2018
We understand that SEZ Units will be covered under IGST and hence will have to hold separate GST registration for the SEZ Unit. Whether two units of same company in the same SEZ having separate LoA will need separate GST registration for each LoA ? Similarly,whether companies having two units in different SEZ's with separate LoA in the same state need separate registration ?
Aug. 16, 2017
Hi
I am a NRI planning to sell a flat. When I did the calculation of indexation based on purchase and sale prices and years, there seems to be no tax liability.

But I was given to understand that there may be TDS applicable wherein the buyer has to withhold tax if the sale price is higher than 50 lakhs. In my case the sale price is lower than 50 lakhs so I am assuming there is no TDS. Please confirm.

Also, I need to obtain 15CB in order for me to repatriate the sale proceeds. Currently I hold a SB account but I need to change it to NRO (with linked NRE), but I am not sure if I should convert the account before the sale or after the sale.

Finally, if there is no tax incidence (based on indexation), do I need to obtain a No tax liability certificate from the assessing officer?
Jan. 25, 2018
There was increase in tax rate from 20% to 24% w.e.f. 1.6.2018. Which of the following rate is applicable when services provided and invoice raised after change in rate of tax in June 2017, but payment received in April 2017?
(a) 20% as it is lower of the two
(b) 24% as it is higher of the two
(c) 20% as payment (being one of the factors) was prior to rate change (d) 24% as invoice was issued in the period during which supply is completed.

Aug. 09, 2017
Ganesh has a property whose municipal valuation is ` 2,50,000 p.a. The fair rent is ` 2,00,000 p.a. and the standard rent fixed by the Rent Control Act is ` 2,10,000 p.a. The property was let out for a rent of ` 20,000 p.m. However, the tenant vacated the property on 31.1.2018. Unrealised rent was ` 20,000 and all conditions prescribed by Rule 4 are satisfied. He paid municipal taxes @8% of municipal valuation. Interest on borrowed capital was` 65,000 for the year. Compute the income from house property of Ganesh for A.Y.2018-19.
Aug. 04, 2018
Is possession of a Permanent Account Number (PAN) mandatory for obtaining a Registration?
Aug. 10, 2017
In case of Compulsory registration, input tax credit can be availed? (a) on stocks held on the day immediately preceding the date from which he becomes liable to pay tax under the provisions of this Act, provided application for registration is filed within 30 days from the due date (b) on stocks held on the day immediately preceding the date of grant of registration under the provisions of this Act. (c) on stocks held on the day immediately preceding the date of application of registration under the provisions of this Act. (d) None of the above
Aug. 10, 2017

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