If you would sell the new property within 1 month then the whole exempted amount of LTCG will become taxable. For more information or detail, you may connect with us at deepakkucheria@gmail.com or +91-9911744028

Yes, you may receive a notice from Income Tax department if you deposit Rs. 40 Laks as cash as Banks report such transactions to Income Tax Department as SFT transactions. For more information or detail, you may connect with us at deepakkucheria@gmail.com or +91-9911744028.

Hi, practically Yes. The GST officers are asking for PAN and Aadhar of Landlord to ensure the genuineness of documents. For more information kindly connect with us at deepakkucheria@gmail.com or +91-9911744028.

Dear Mr. Puneet,
First of all the Rent Agreement should be registered. Second you will require the electricity bill of rented property. many times officer also ask for the PAN card and Aadhar card of the owner. Now a days department raising no. of queries so it is recommended to get the PAN card & Aadhar card along-with the rent agreement.
You can approach us for further discussion at ca.rahuldwivedi@gmail.com or 9004485377.

Hi, although your income is below the taxable limit, however legally you would be required to file ITR as your income is exceeding Rs. 2,50,000. For more information, kindly connect with us at deepakkucheria@gmail.com or +91-9911744028.

Dear Nitin,
No need to take registration immediately, you can wait and when it is about to reach 40 Lacs you can apply for GST. Please keep in mind some time GST reg. gets immediately & some time it may take a month. so you can apply for reg. accordingly.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377

Hi, You are correct that till Rs. 40 Lacs GST registration is not required. However, in case you are purchasing raw materials or other items for your business on which GST is charged by your supplier, then you will be able to take credit of the GST charged on that invoice only if you have GST registration. Hence it is advisable to obtaing GST registration if GST would be included in the purchases to be made for your business.
For more information, kindly connect with us at +91-9911744028 or deepakkucheria@gmail.com

I think you should take GST registration as you can take GST credit and that could reduce your cost. Also, if you are dealing with business they might need GST credit. For GST consultation click here: https://www.taxontips.com/gst-consultation/

GSTR-2B will be active after 13th. i.e. the cut - off date. For more information, kindly connect with us at +91-9911744028 or deepakkucheria@gmail.com

Yes, no bar. For more information, kindly connect with us at deepakkucheria@gmail.com or +91-9911744028

Yes you can but it can be covered under definition of NBFC so be aware of that as you need to do more compliances. For consultation CLICK HERE: https://www.taxontips.com/tax-notice-personal-consultation/

Hi, it would depend upon the the amount of income earned. If the income earned is expected upto 10 Lacs per annum, then incorporating a Company is not suggested. However, if it is above 10 Lacs, then cost benefit analysis has to be done as Registering a Company would increase certain compliance costs however all income would be charged at flat 25%. The tax rates for individual PAN are as per the slab rates (2.5 L - 5L: 5%; more than 5L - 10L : 20%; above 10 Lacs it is 30%).
Fore more information, you may connect with us at deepakkucheria@gmail.com or +91-9911744028

Thank you

No he won't be charging GST twice on a single invoice. Might be he would be charging different GST rates on different supplies depending upon the specific GST rates. That's for sure, that he cannot charge GST twice on the same value. For more detailed information, kindly connect with us at +91-9911744028 or deepakkucheria@gmail.com

Contractor should charge GST on his bill only i.e. of Rs. 300000/- however, Contractor can claim input of GST paid on purchase of material used like chairs, desk, wood etc. For more info , reach us @ www.tarunguptaca.com or call at 9216216819

A resident in India has to pay Income tax in India on all the income earned globally. However, you may check whether there is DTAA between India and Germany so that you can claim credit of tax deducted in Germany. For more information, kindly connect with us at deepakkucheria@gmail.com or +91-9911744028.