Yes. This Can be done

Hi Sachin, Please connect me on urvi@jordensky.com

Dear Sachin,
For Tax Implication & Tax planning for Freelancer you can approach us at ca.rahuldwivedi@gmail.com

If you need any assistance feel free to read this and book phone consultation for more discussion: https://www.taxontips.com/is-it-beneficial-to-work-as-an-employee-in-a-company-or-to-work-as-freelancer-taxability-when-working-as-a-freelancer/

Around 20k per person. If you need further clarification/details, please reach me on 9967694668 or urvi@fintaxconsulting.in

Rs 19940 each. You can reduce your tax burden to zero by making proper tax planning.

It is around 20k per person but you can plan it.

The property is divided into three portions , one portion is of My wife and his brother, this portion they got after the death of her mother around 5 years back , her mother get this property from her mother in law many years back .

Now the property was sold last year and sell money were devided in to three owners .

To sell the portion alloted to my wife and his brother, My wife gave power of attorney to his brother to sell and use the money recive, however the money received(1/3 of total property sell amount) to my wife and his brother in equal amount in there respective bank accounts , my wife transfered that amount to his brother's bank account as she dont want any money from this property(she already gave power of attorney to his brother to sell and use the money received) .HIs brother purchased a new house from this money.

Now i want to know is there any capital gain tax need to pay by my wife and if yest how to calculate the tax amount.
Value of house in 2001 was Rs.34,33,000 and sold in 2018 for RS.99,00,000,

The value of your property as per Income tax in year 2018 is Rs. 96,12,400 and the total capital gain arises on the sale of your property comes to Rs. 2,87,000. If divided in 3 parts then each part of taxable capital gains comes to Rs. 95,600 approx. In case any further clarifications required then please reach me at 8447557316 or email me at brigitpeterca@gmail.com

one person need to pay 20% of Rs.95,600?

no there is no problem just prepare a valid rent agreement.
In case of further discussion you can contact at canamanmaloo@gmail.com or call at 7984894562

Hi Ramamurthy, there is a problem. This is clear case of Tax Evasion. High chances of scrutiny. I would not suggest you to do this kind of arrangement.

yes there is problem. as per clubbing provision there is no transfer and you are deemed as owner.

for more details contact on 9708549709

Yes Ramakrishnan ji, I can help you out.
Contact 9877542172

Hi Ramakrishnan, I can help you with the same. You can reach me at +91 9967694668

Please connect on 8707297344

Kindly contact on 9549912646

You can email the details at canamanmaloo@gmail.com and then we can discuss on it

Hi Parvesh, If your annual income is below 2 lacs, how have you spent 6 lacs through your credit card?
It wont be added to your income, however, you will have to justify the source of money for paying credit card bills.
For detailed answer/discussion, you can reach me out +91 9967694668

How can a person with income of just RS 2 lac can make payment of credit card bill of more than RS 6 lac

Ca utsav , I wasn't expecting this kind of answer...might be I had saving in my account or I borrow from someone or I used it for other people's transaction and get hard cash from them. So you can't say how it was possible..please go through question thoroughly that I have an telecom shop...and what we do is take money from customer and pay his mobile and electricity bills..I am asking this way

Firstly pay GST. Return cant be revise so you can do the changes at the time of Annual return only. But do pay GST to avoid interest

I have done this mistake in sep, oct, december returns, so shall i add the total gst payable for these months and pay ??

How can I pay GST now, since when i opt for 'pay tax' it added the money on electronic cash ledger. Please guide me how to pay gst for previous months. Thank you very much in guiding. it means a lot.

Pls call me on +91 9967694668. I will explain you

Yes. You can do that.

Thanks.. Is there any other way to save my income tax?

Hi Shikha, You can reach me at urvi@fintaxconsulting.in/9967694668

you may go for 44ADA. yes there is way to save income tax by making investment

Thanks

Dear Shikha Ma'am, You can definitely opt for 44ADA in this case. Please remember that the profit is not 50%. "It's 50% or more". Suppose your receipts is Rs. 100/- and your investment in that year is Rs. 70/-. Then you should show your profit u/s 44ADA as 70% and not 50%.

http://taxscoop.in/entries/income-tax/section-44ada-%E2%80%93-presumptive-taxation-scheme-for-professionals

Hi Preeti,
You need to do submit resignation of 1st auditor and file ADT 3. Post that, you need to appoint new auditor by passing special resolution.
You can call me on 9967694668/urvi@fintaxconsulting.in

Hi Preeti,

You need to file resignation for previous auditor by using ADT-3 form available from ROC. You also need to file form ADT-1 by passing a special resolution in EGM for appointment of new auditor.
We are providing all the services. You can call me on 9810830402 or mail me on anujjain.jkjs@gmail.com

You can check on Income Tax Website. After login, click on view returns, you will be able to see if it's processed