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CA Harsh Rathi  

CA in Practice
12Year  9Month  experience

M/s Harsh Rathi & Co., Chartered Accountants is a unit of M/s R B Rathi & Co., Advocates & Tax Consultants. It is promoted by Mr. R B Rathi, Advocate and Tax Consultant and CA. Harsh R. Rathi.

  
   
 
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Address

HARSH RATHI & CO.
RAIPUR,
Pin code - 380002

Availability

Mo,Tu,We,Th,Fr,Sa

9:30 am - 8:30 pm

Services

✔ Business Incorporation✔ Fund Raising (Debt / Equity)
✔ Accounting / Book keeping✔ Company Auditing
✔ Compliances✔ Direct Taxation
✔ Indirect Taxation✔ Personal Wealth Planning
✔ Mergers & Acquisition / Investment Banking✔ GST
✔ Corporate Registration & Verification✔ Business Tax Planning and Management
✔ Business Planning & Initiation✔ Financial Services / Funds Raising
✔ Internal Audit

Industry Experience
✔ Agriculture✔ Automobiles
✔ Banking✔ Cement
✔ Consumer Markets✔ Education and Training
✔ Engineering✔ Financial Services
✔ Gems and Jewellery✔ Science and Technology
✔ Services✔ Steel
✔ Telecommunications✔ Textiles
✔ Urban Market
Education
    B.com,B.com (Hons),CA,CS,MBA,CS (Pursuing),LLB, DISA, DIPLOMA IN IPR.
Associated with (Firm / Company Name)
    O P RATHI & CO.,HARSH RATHI & CO.,PUSHP CREATIONS
Awards and Recognitions
    http://www.harshrathiandco.com/Harsh_Rathi_Profile.pdf

K

Kantharaju

9 Months ago

If I buy half a site in 2006 (in partnership) and then takeover the same site completely in 2011 by paying the rest half and then construct house on it in 2012 and sell the house in 2019, which year should I consider as year of purchase for computing the long term capital gain tax.

CA Shivananda Kumar Akirala     22 Dec 2018

Cost of purchase would be actual date of acquisition for first purchase and takeover respectively. Construction expenses should be claimed as cost of improvement. Indexation benefit would be applicable as the income taxable as long term capital gain.

Kantharaju     22 Dec 2018

Thanks for your response Mr.Shivananda sir. If I understand it right the date of purchase I should then be taking for computation of tax would be 2006 and cost is initial purchase + takeover cost. The cost of construction should be considered as cost of improvement.

CA Shivananda Kumar Akirala     22 Dec 2018

Date for purchase for the first half would be 2006 and second half taken it is 2011 and cost of improvement would be 2012.

Kantharaju     22 Dec 2018

Thanks you sir.

CA Harsh Rathi     27 Dec 2018

You may consult us on: 07922160685/harshrathiandco@gmail.com

T&C apply

A

Adi

9 Months ago

How to waive off hand loan?

CA Harsh Rathi     27 Dec 2018

You may consult us on: 07922160685/harshrathiandco@gmail.com

T&C apply

M

Manish Krishnan

8 Months ago

I just quit my job after working for 4.5 years. I plan to move abroad and settle there for a few years at least. Can I withdraw my epf funds now, and if so, what are the tax implications? Would there be lesser tax implications at a later point - if so, when?

CA Shivananda Kumar Akirala     26 Dec 2018

Withdrawal amount is taxable as your service period is less than 5 years. Impact will not change even if amount is withdrawn after few days.

CA Harsh Rathi     27 Dec 2018

You may consult us on: 07922160685/harshrathiandco@gmail.com

T&C apply

M

Mahesh Narain Singh

8 Months ago

Got a Notice Today having Sub:- Requisition of information u/s 131 (1A) of Income Tax Act The Assistant Director of Income Tax(Inv.) has asked for brief summary about myself and my family along with their PAN, Age, Relationship with me, whether dependent or independent and details of their income tax return filed so far. He has also asked to furnish details of all my bank accounts and my family members' bank account. Details of all moveable and immoveable properties in my name or my family member's name. If failed to produce, penalty proceeding u/s 272A may be initiated. I wanted to ask: What might be reason behind this notice? & Is there anything serious or anything to worry?

CA Ankur Jain     27 Dec 2018

Hi Mahesh,
There might be some financial transaction on your PAN that the IT department must have got thru some AIR information.
Check your bank accounts/consult your tax advisor who files your return and file a reply to this notice.
(Pls dont make a mistake of ignoring this notice)
You can consult us on our email also at ankurjca@gmail.com

CA Harsh Rathi     27 Dec 2018

Nothing to worry. You may consult us on: 07922160685/harshrathiandco@gmail.com

T&C apply

V

Vin

8 Months ago

I have been providing IT Software Repair Service to USA clients and hence get paid in USD via Bank Wire. I think I am entitled to export incentive. What's the procedure and fee involved?

CA Harsh Rathi     27 Dec 2018

Yes, you are entitled to export incentive. You can feel free to claim the same via filing your return of income through us. You can mail or call us on : 07922160685/harshrathiandco@gmail.com

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U

Uday Parmar

9 Months ago

Cash payment limit per day for transport ?

Uday Parmar    16 Dec 2018

cash limit explain of gst according

CA Abhishek Agarwal     17 Dec 2018

Cash payment upto 35000 to transport contractor is allowed

NA Na Na     17 Dec 2018

35,000/-

CA Harsh Rathi     19 Dec 2018

10000

T&C apply

U

Uday Parmar

9 Months ago

All types of buisness explain cash limit ?

CA Abhishek Agarwal     17 Dec 2018

Section 40A(3) of the Income Tax Act pertains to cash transaction limit for expenditure made in cash. Under Section 40A(3), if payment for any expenditure of over Rs.10,000 is made in cash, then the expenditure will be disallowed under the Income Tax Act.

Hence, its important for all taxpayers to make any payment for expense over Rs.10,000 through banking channels like debit card, account transfer, cheque or demand draft.

NA Na Na     17 Dec 2018

10,000

CA Harsh Rathi     19 Dec 2018

200000

T&C apply

Z

Zack Soniar

9 Months ago

Hi,

I had booked a flat in Nov-Dec 2015 in Nagpur, Maharashtra. I have paid 25% amount but NO REGISTRATION OR AGREEMENT IS DONE SO FAR. Only allotment letter is given to me.

Now in 2018, due to delay in project, I am cancelling the flat. Builder is saying that as per service tax rule Section 66B, he has paid service tax to government and he will deduct that amount from booking amount.
My CA is saying as there is no agreement done so as per Section Section 65B (44), no question of service tax arise here. So builder should refund all money.

My questions are:
1. As no registration/agreement is done so far, does Service Tax apply on booking amount?
2. As per Section 65B (44), Service doesn't include :
(44) “service” means any activity carried out by a person for another for consideration, and includes a declared service, but shall not include-
(a) an activity which constitutes merely,–
(i) a transfer of title in goods or immovable property, by way of sale, gift or in any other manner; or
(ii) such transfer, delivery or supply of any goods which is deemed to be a sale within the meaning of clause (29A) of Article 366 of the Constitution; or
(iii) a transaction in money or actionable claim;
(b) a provision of service by an employee to the employer in the course of or in relation to his employment;
(c) fees taken in any Court or tribunal established under any law for the time being in force.

Since here allotment is actionable claim, transfer of title only and its only money transfer. Would service tax be applicable here.

Builder is not providing any proof for service tax paid and claiming its done through input tax credit.

Please advice.

Thanks.

NA Na Na     17 Dec 2018

01.yes Service Tax apply there on.
02. If builder is not paid service tax there on then it is punishable as per Amount involved.

CA Harsh Rathi     19 Dec 2018

You can email us your queries on harshrathiandco@gmail.com. We shall be charging professional fees for solving your query please note.

T&C apply

A

Ankit

9 Months ago

My parents are retired and currently they are not earning from quite few years. They are planning to sale the owned property from which they will going to earn around 52 lac through which 5 lac they need to pay loan to bank. Rest 47 lac they need to invest in FD so that they will get monthly income...need to know the tax need to pay on sale of property and income tax every year to pay yearly with earning through fd on monthly basis.. also if any other deduction ...my mother is senior citizen...and do they get fixed monthly income..pls share the details.

CA Abhishek Agarwal     19 Dec 2018

if the property is being sold after 3 years from the date of purchase, then long term capital gain would come, which is currently being taxed at 20% with indexation benefits.
Towards Interest received from FD, currently 50000 is exempt income and for senior citizen tax slab exemption of 300000 is there.

CA Harsh Rathi     19 Dec 2018

For calcuation of tax on sale of property we need following details: a. Date of purchase of property b. Amount of purchase of property c. Expected date & amount of sale of property.
Email us details on: harshrathiandco@gmail.com

T&C apply

G

Gurudas Natu

9 Months ago

Friend gives me money to invest

CA Harsh Rathi     19 Dec 2018


We can arrange finance for your. Reach us on : M/s H R Consultants, 079-22160685. Reach us on http://harshrathiandco.com/hrconsultants.htm

NA Na Na     19 Dec 2018

If loan than not taxable in your hand.
but you have to follow IT act Rules
For futher Details you contact on 9708549709

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