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Ravi Panjwani

Sub: TDS on sale of property.
We are the buyer and we have bought property through home loan. Date of payment of check is scheduled 3rd Feb. 2018.
What should be ideally the date of payment and date of deduction in Form 26QB.
Regards

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Manu Mewari

Hello, I had purchased a flat in July 2012 for 35 lakh rupees (plus approx 2 lakhs for stamp duty & registry). I had sold the flat in september 2017 for 49 lakh rupees. Do i have to invest whole profit in another property? Could you tell me if i do not want to buy a new property, how much tax i would have to pay as long term capital gain tax?

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Prashanth Lalan

What are the procedures to repatriate funds from an NRO Account to a Foreign Bank specifically when such funds are derived from a short term bitcoin trade in an Indian cryptocurrency exchange?

I am an Indian individual, selling online courses on Udemy, a USA based online learning company. I am planning to receive my monthly earnings from Udemy.com (in Dollars) to my Paypal account. The Paypal will convert $ to INR and send the money to my local bank account in INR.

My question is:-

1) Do I need to receive the fund from PayPal to the Current account or Savings account will work?

2) Whether the income earned from Abroad (USA - Udemy) is taxable in India?

3) Whatever money I receive in my Indian Bank account, Do I need to pay tax on it to the Indian Government?

4) I am just an Individual person and working alone from home, then whether it is considered as a business or a freelancing work?

Please answer question wise, one by one.

Thanks & Regards

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Pulkit Shukla

Hi,
I have been trading in cryptocurrencies like Bitcoin, Ethereum, etc on foreign exchanges. I read it somewhere this is a violation of FEMA Act, is it true?

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Rahul Alapati

Dear sir,
I am an NRI. I do not have much taxable income in India. I have some NRI FDs and savings account interest and investment in the stock market as a long-term investor. Till now I didn't get the need to file income tax returns. I thought of selling some stocks which were held by me for more than a year. Do I need to pay any tax on the profits and do I need to file returns? I prefer not to file returns at this juncture but continue to book profits and reinvest. Am I answerable to any queries from the tax department in future?

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Arun Gautam

I got my company registered as A Pvt. limited in Delhi. I'm a resident of Ghaziabad so I borrowed the address from someone in Delhi who took some money and gave me documents. After filing in ROC he refused to give me Utility bill.
Now I have to open Current Account for the same.
My question is can the address be changed? If yes, so is it necessary that the new address should of Delhi? or can I use the address of my house that is in Indirapuram or noida's address?

Thanks in advance

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Chirag R

I am planning to start a B2C e-commerce business in India by importing mobile accessories from China. The exporter of goods, Chinese national, is also the 100% investor, i.e by providing the goods without charging for it. After sales in B2C I have to remit outwards to Chinese. Is this inventory based model of e-com allowed ? Ministry of Commerce, Press Note No 3, 2016 says NO. Kindly advise.

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Ravi Mittal

We have a merchant account with Apple/iOS. When someone makes payment on our app in iPhone/iPad, the payment is collected by Apple and then after deducting tax and their commission, they pay the rest of the amount to us.

However, now under GST, Apple is refusing to take our GST no. and have said that all GST payments will be done from their end only. Example, customer pays Rs. 1000 via credit card to Apple. Rs. 152 is deducted as GST and remaining Rs. 848 will be paid to us. So, Apple will pay this Rs. 152 to Indian govt. but will not include our GST no. when paying this.

Doing so, this is a confusion for us since we cannot directly claim that the GST has been paid by Apple and Govt would want us to pay GST on Rs. 1000, resulting in Rs. 152 additional payment, if required by govt to pay.

Also, there are only basic statements available from Apple which only show how much amount they will pay us. There is no mention of GST/TAX deduction anywhere.

How can we ensure that we dont pay GST again when it was already deducted by Apple? Is there a provision under reverse mechanism for such transaction? If yes, please explain how to treat these transactions/sales?

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Nitin Kedia

Hi. We are a startup incorporated on 16.06.2015. We are an online portal for bulk exports of products from India by the name of www.ostabay.com.
We are looking to register ourselves under the Start Up India Scheme. Looking for someone who can help us do that.
Looking forward to your replies.
Regards.