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CA Akshay Ranka  

CA in Practice
2Year  1Month  experience

NA

  
   
 
No more records

Address

First Floor, L M Complex, Freeganj
Ujjain
Pin code - NA

Availability

Mo,Tu,We,Th,Fr,Sa

11:00 am - 7:00 pm

Services

✔ Business Incorporation✔ Fund Raising (Debt / Equity)
✔ Accounting / Book keeping✔ Company Auditing
✔ Financial Consulting and MIS✔ Direct Taxation
✔ Indirect Taxation✔ Financial Services / Funds Raising
✔ Internal Audit✔ GST

Industry Experience
Education
    CA
Associated with (Firm / Company Name)
    Ankur Goyal & Co.
Awards and Recognitions
    NA

S

Sunny Verma

1 a year ago

I provide some contact to my friend and he did some business and make profit of around 1.50 lac. Now he want to give 50% profit share to me. How he shows this transaction in his business.

As he is asking to deduct 20% income tax on total profit and than dividing the profit, means 150000-30000=1,20,000 , my share only 60k.

Is any other way to increas my share might be showing some consultancy and amount show in expenditure so that he will not pay income tax on that amount.

CA Akshay Ranka     29 Nov 2020

its a commision income TDS rate is 5% for more details what app on 8989449201

T&C apply

G

Gaurav

1 a year ago

E commerce seller ko apne sabhi sell k bill rakhna jarori h? till assessment or few months ?

CA Namita Agarwal     6 Nov 2020

You are required to maintain bills for prescribed time. In general, under CGST, you are required to maintain records until expiry of 72 months from due date of furnishing annual return.
There are different requirement of maintenance of records under different Acts.

CA Naman Maloo     8 Nov 2020

As per Income tax and GST if a person maintains books of accounts they need to maintain the same for 6 years.

CA Akshay Ranka     29 Nov 2020

As per Income tax and GST if a person maintains books of accounts they need to maintain the same for 8 years.

T&C apply

R

Raman Agrawal

1 a year ago

Purchasing a house tax implications if housewife is co owner

CA Rakshit Jain     26 Nov 2020

It depends on weather your taking a housing loan or not. or weather the consideration is paid by only one co owner for full part etc. Youcan discuss more on 9587334442.

CA Akshay Ranka     29 Nov 2020

Purchasing a house doesn't amount to tax whoever sources of income need to be justified

T&C apply

T

Tejashree

1 a year ago

How do i pay tax on money obtained from forex trading? How much do i need to pay the tax on it?

CA Akshay Ranka     29 Nov 2020

Forex income is taxable in India and is normally treated as regular business income

T&C apply

S

Sabarinath

1 a year ago

I have a salary account in IDFC. I opened it in 2017 when I was working. I worked only for 2 months. But I didn't close my salary account. I used the salary account for general purpose. Now when I saw the transaction my total credit for last financial year was around 14 lakhs. I didn't file any itr is it going it be problem??

CA Rakshit Jain     26 Nov 2020

It depends on various factors. Such as: are the credits made to account were cash deposits or account transfer. What is your current business or profession and many other such details. For further discussions you may call at 9587334442

CA Roomi Gupta     27 Nov 2020

No matter its salary account or other...... source of credit need to be justified ....... and according to Income ITR need to be filed

CA Naman Maloo     29 Nov 2020

yes it can

CA Akshay Ranka     29 Nov 2020

u can still file ITR for AY 19-20 (fy 18-19) for more details what app on 8989449201 last date is 30/11/2020

T&C apply

K

Kds

1 a year ago

Is Amount paid to employee by Employer as Notice period pay taxable in the hands of employee?

CA Roomi Gupta     27 Nov 2020

Yes definitely

KDS     28 Nov 2020

But isn't it tax free under section 10(10b)

Mr .. ..     28 Nov 2020

Yes

Mr .. ..     28 Nov 2020

Tax has to be paid on such notice pay

CA Naman Maloo     29 Nov 2020

yes

CA Akshay Ranka     29 Nov 2020

yes

T&C apply

T

Tamizh M

1 a year ago

Best way to invest money of 1 lakh

CA Naman Maloo     29 Nov 2020

It depends on duration you wish to invest, risk you wish to take etc.

CA Akshay Ranka     29 Nov 2020

PPF account safe & secure plus 80C deduction

CA Puja Sharma     4 Dec 2020

Its better to invest in Mutual Funds which gives return.

T&C apply

S

Saransh Jain

1 a year ago

The rights of a partner holding more share in case of dissolution in case of two partners . The goodwill and firm rights remains in the hands of person holding more share in case of dissolution?

CA Akshay Ranka     29 Nov 2020

The right depends as per partnership deed

CA Puja Sharma     4 Dec 2020

All rights and duties will be as per the partnership deed. If the partnership deed is silent then you will have equal rights

T&C apply

S

Srikanth Reddy

1 a year ago

If a doctor earns more than 50 lakhs per year... What are the ways to reduce the taxes?

CA Akshay Ranka     29 Nov 2020

best way is to get books audited by CA

CA Roomi Gupta     30 Nov 2020

Every person carrying on profession shall, if his gross receipts in profession exceed fifty lakh rupees in any previous year get his accounts of such previous year audited by an accountant before the specified date and furnish by that date the report of such audit in the prescribed form duly signed and verified by such accountant. Tax will be calculated after booking all expenses & income

CA Roomi Gupta     30 Nov 2020

Can contact at 9216216819 for further detail

CA Puja Sharma     4 Dec 2020

Maintain complete books of accounts and get your accounts audited. He can reduce tax by keeping records of all expenses which will reduce the business profit. Further the individual can use the 80C, 80D and other deductions for saving tax.

T&C apply
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