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CA Rakshit Jain  

CA in Practice
4Year  11Month  experience

NA

  
   
 
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Address

C/o Rakshit Jain & Associates, Shop No.8,
Near Water Filter Plant, Ajmer
Pin code - 305001

Availability

Mo,Tu,We,Th,Fr,Sa

10:30 am - 7:00 pm

Services

✔ Business Incorporation✔ Fund Raising (Debt / Equity)
✔ Accounting / Book keeping✔ Company Auditing
✔ Compliances✔ Financial Consulting and MIS
✔ Direct Taxation✔ Indirect Taxation
✔ Corporate Asset Management✔ Personal Wealth Planning
✔ Mergers & Acquisition / Investment Banking✔ Payroll Management
✔ Govt.Registrations and Licenses✔ Intellectual Property
✔ Corporate Restructuring✔ Corporate Registration & Verification
✔ FEMA Compliances Consulting✔ Corporate Legal Consulting
✔ Business Tax Planning and Management✔ Business Planning & Initiation
✔ Financial Services / Funds Raising✔ Internal Audit
✔ GST

Industry Experience
✔ Financial Services
Education
    B.com,CA,CS (Pursuing)
Associated with (Firm / Company Name)
    Rakshit Jain & Associates, Chartered Accountants
Awards and Recognitions
    NA

V

Vipin Gupta

1 Months ago

I want to know how to register my brand's name and it's logo so that no-one can use it without my knowledge and what will be the cost for registration in Mumbai

CA Rakshit Jain     13 Sep 2021

Get a trademark for your business. Cost will be around 7-7.5K all cost included.

T&C apply

D

Darshak Dharod

1 Months ago

Respected Sir/Madam, I have query regarding HRA component under tax. I am paying rent of 12000 per month to my landlord and this amount is more than 1 lakh per year due to which I have to provide PAN no. of my landlord while claiming HRA under tax. My concern is My landlord do not file ITR, So will it cause any problem to me ? Note : I am paying rent in cash as my landlord want rent in cash and I do get rent receipt for same from my landlord.
Awaiting for your response, Thanks in advance.

CA Rahul Dwivedi     6 Sep 2021

Dear Darshak, it's none of your business to check the ITR filing status of landlord. Your Duty is to provide the PAN of Landlord that you are doing . It will not cause any problem to you.
For Further Assistance you can reach me at ca.rahuldwivedi@gmail.com or 9004485377

CA Hunny Badlani     6 Sep 2021

Hello,

No it won't cause any problem to you. You can declare the HRA exemption.

I hope that this answer satisfies your requirements. For any query, feel free to write to me at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5

CA Rakshit Jain     6 Sep 2021

No issues if landlord does not file its ITR.

T&C apply

P

Param

1 Months ago

I am paying a HRA of more than 50,000 and paying rent to land word on quarterly basis. As per the IT department rules, I have to deduct TDS on the rent paid. I have below queries:
1. How much TDS I should deduct ?
2. When should I pay the TDS to the IT department? Is it only once in year in the month of March or every quarter as I pay rent every quarter?

CA Rohit Jain     3 Sep 2021

Pay Tds and file TDs return on Quaterly basis. Deduct tds @10% on the rent amount (Excluding GST, if any).
For more details please call me on 99295-11888 or email me on jrcojaipur1@gmail.com

CA Rahul Dwivedi     4 Sep 2021

You are paying rent to landlord exceeding Rs. 50,000,/- in that case you have to deduct TDS U/s 194-IB @ 5%. & it needs to be deposited once in a year.
If you are liable for tax audit in that case TDS rate would be 10% and TDS needs to be deposited on monthly basis.
For further assistance you can reach us at ca.rahuldwivedi@gmail.com or 9004485377

CA Rakshit Jain     4 Sep 2021

TDS is 5 percent of the total rent. Tds should be deposited by march or the last month of tenancy which ever comes first.

T&C apply

S

Sheshank

1 Months ago

I am working for a usa based firm as an independent contractor. I am currently in india. I will be moving to London and continue tot receive the consulting income in my Indian bank account. How will the tax works in this case .

CA Rakshit Jain     4 Sep 2021

Since you are currently residing in india all the income you earn worldwide is taxable here in india. However once you relocate to London then depending on your residency status your taxability of income differs.

T&C apply

T

Thanga

1 Months ago

I was doing small business through online. I supply goods locally and to interstate wise. My turnover will be about 10 lacs per annum. Do I need to register for GST. Is it compulsory?!

CA Hunny Badlani     4 Sep 2021

Hello,
Yes, a person making interstate supplies of goods is compulsorily required to get himself registered under GST.
I hope that this answer satisfies your requirements. For any query, feel free to write to me at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5

CA Rahul Dwivedi     4 Sep 2021

In case of Inter State Supply GST Registration is compulsory, irrespective of turnover.
For further assistance you can reach us at ca.rahuldwivedi@gmail.com or 9004485377

CA Rakshit Jain     4 Sep 2021

Yes you will require GST Registration for doing business.

T&C apply

V

Vijaya Ramakrishna

1 Months ago

I am getting 15000 salary per month by the source of daily wages and agriculture. should i submit income tax returns. because for getting government benefits they are asking that i am not paying income tax. how do i get this. please clarify

CA Rahul Dwivedi     4 Sep 2021

As your income is less than taxable limit so you are not required by law to file income tax return. However voluntary you can file ITR.
For further assistance you can reach us at ca.rahuldwivedi@gmail.com or 9004485377

CA Rakshit Jain     4 Sep 2021

Since your gross income does not exceed Rupees 2.5Lacs you need not compulsorily file income tax returns.

CA Hunny Badlani     6 Sep 2021

Hello,
Since your gross total income is below Rs. 2.5 Lakhs basic exemption limit, you are not required to file your ITR compulsorily, however you can file ITR voluntarily if you need to submit it anywhere.
I hope that this answer satisfies your requirements. For any query, feel free to write to me at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5

T&C apply

P

Pranjal Shekhawat Shekhawat

1 Months ago

No other source of income, how much LTCG be booked in a yr, wit LTC Loss of 3L Last year.
Is it 2.5L ( Exemption from tax slab) + 1L ( Free 1 lakh LTCG)+ 3L( Lasy year LTCloss setoff) = 6.5L
Please guide
Thank you

CA Rakshit Jain     28 Aug 2021

Last year LTCL can be carried forward if return filled on time. So basically last year loss taken care of then yes if can be set of and you can take benefit of 1 lac deduction under section 112A.Plus you can also take the benefit of Basic exemption limit of Rs. 250000 for the year. So overall you can take capital gain of Rs.6.5 lacs for year. For more discussion please call at 957334442

T&C apply

A

Ashok

1 Months ago

I bought 160 shares of reliance petroleum ltd (RPL) in 2003. i do not remember cost of purchase. the shares converted to 10 share of reliance. i sold all 10 reliance share in 2020. how do i fix the purchase price of share to file income tax return

CA Rakshit Jain     28 Aug 2021

From 31.01.2018, rules have changed for long term capital gain on shares. So you to ascertain the price of shares as on 31.01.2018 or the price of purchase of shares (which you can generate from your broker). Accordingly the tax calculation may be done. For more info please contact 9587334442. or mail at rakshit1192@gmail.com

CA Rohit Jain     1 Sep 2021

to ascertain the price of shares as on 31.01.2018 https://www.caclubindia.com/share_files/equity-stock-cost-as-on-31-1-2018-nse-77424.asp

For more info please contact 99295-11888

T&C apply

M

Minkosh Kumar

2 Months ago

Dear Sir,
I have taken home loan on my name from bank. But i have got my home registered on my wife name. Can i get income tax deduction on home loan interest part. kindly advice?

CA Rakshit Jain     13 Aug 2021

The main question is how did you get the housing loan without owning or buying a house? Because either need to buy a land and construct the house or buy a ready made home for a housing loan. For more discussion kindly call 9587334442.

T&C apply

M

M.N Harshith

2 Months ago

Suppose.,
I have 1 cr,
I invest in Equity MF,

After one year,
I made 20% profits means 20 lacs,
Now
I'll be taxed 10% on profits, so 10% of 20 lacs = 2 lacs

Now I gained 18 lacs after tax deductions..

*Now*
On that 18 lacs...
*Do I again have to pay tax according to its tax regime slab..... Which is 30% above 15lac*....??

CA Rahul Dwivedi     6 Aug 2021

There will not be double taxation . Capital Gain of Rs. 20 Laks taxed @ 10% or 15% on the basis of holding period (LTCG/STCG) so the balance remains after paying capital gain tax will not be tax again. For further assistance you can reach us at ca.rahuldwivedi@gmail.com or 9004485377

CA Puja Sharma     6 Aug 2021

You are calculating tax of Rs. 20 Lacs twice. There will be LTCG tax rate of 10% that will apply in your case because you are selling after 1 year.

For more information, you can connect with me at ca.pujasharma@outlook.com

CA Rakshit Jain     7 Aug 2021

One income cannot be taxed twice. This is the basis rule of income tax. So you don't have to pay tax on the remaining amount.

T&C apply
 
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