A Chartered Accountant engaged in Indirect Taxation consultancy, handling litigations, assisting in search and seizures and handling compliances. NCFM certified rendering portfolio management services
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Vish
1 a year ago Thank you for very prompt response and to the point. It really helped me knowing the indirect taxation well.
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Afjal
Hey my quiz is want to file its of latest year having clubbing of income where to show that income in itr 3
Kindly connect with us at +91-9911744028 or deepakkucheria@gmail.com to discuss your query in detail.
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Chakravarthi
Trading in olymp trade platform is legal or not .If legal how can pay tax for income earned from olymp trade and under which section.
There should not be any issue in doing trading at Olymp Trade Platform unless and until all the regulatory compliances have been done. For more information kindly connect with us at deepakkucheria@gmail.com or +91-9911744028
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Shivanshu Pal
I have purchased a laptop and invoice is gst invoice but i forgot to mention company name on the invoice but gst number is there and name and billing address in invoice is my address instead of company name and address.
Can i claim Input Tax Credit? If yes,will there be any legal consequences?
Dear Mr. Pal,
please check is it reflecting in your 2A/2B if answer is yes then you can claim else not.
yes.
CA Aditya Dhanuka 24 Sep 2021Dear Shivnashu,
In reference to your query, in so far as the ITC is reflecting in your 2B you may claim the ITC.
Legal consequences, if any, would arise only if your file falls under departmental review and the said invoice is highlighted by the personnel. Otherwise, for small procedural errors, it is not a matter for concern.
Please advise in case of any other clarification.
Thanks & Regards,
CA Aditya Dhanuka.
+91 98365 43836
Thanks sir
CA Deepak Kucheria 25 Sep 2021Strictly speaking, in order to avail ITC the recipient must possess the Tax Invoice which should have been prepared by incorporating the particulars mentioned in Rule 46 of CGST Rules and it specifically requires Name of the recipient as well. In absence of it, the invoice becomes a defective invoice basis which ITC can easily be denied by the department. It is advisable to contact the vendor and get the Name incorporated in the invoice to avoid any litigation. For more information, kindly connect with us at deepakkucheria@gmail.com or +91-9911744028.
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Alok Sharma
Hey! I'm an online seller on platforms like meesho, flipkart and amazon. I sell shoes on these platforms. All of them are under Rs1000. What should be the applicable tax rate for these shoes?
Dear Alok,
5% GST rate is applicable for footwear having a retail sale price up to Rs. 1000 per pair.
Please advise in case of any other clarification.
Thanks & Regards,
CA Aditya Dhanuka.
+91 98365 43836
Currently 5% GST rate is applicable on footwear below INR 1,000. However, the rates may rise basis the recommendation of recent GST council meeting to cope up with the issues of Inverted Duty Structure. For more information kindly connect with us at deepakkucheria@gmail.com or +91-9911744028.
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Karthik
I would like to do freelancer job for a company located outside India. They will pay the salary in foreign currency and pay directly in my Indian bank account. What would be the tax liability for such freelancer work. And Im currently working as an employee in an Indian company. For this financial year i will have salary from both Indian company and my freelancer job. How to do tax filing in this case?
Basis your contractual agreement, it will be determined whether you are working as an employee of the foreign company or it is in the nature of business/professional services. The Income Tax return will depend on the same. Further if it is a business income/Professional income GST compliances May trigger if revenue exceeds INR 20 Lacs. For more assistance kindly connect with us at +91-9911744028
CA Naman Maloo 6 Jun 2021You can read about the same here: https://www.taxontips.com/can-a-salaried-employee-show-business-professional-income-and-file-itr-4/ and https://www.taxontips.com/gst-registration-for-freelancers-in-india/
Then book consultation at: https://www.taxontips.com/tax-notice-personal-consultation/
If you want
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Meera Agrawal
I want help in return filing
Hi, will surely assist you in return filing. Kindly contact at +91-9650511176
CA Rahul Dwivedi 31 May 2021Please let us know your specific requirement, will assist in that.
For detail discussion pls reach us at ca.rahuldwivedi@gmail.com or 9004485377
Yes, you can contact us at badlaniassociates@gmail.com
CA Harshit Tripathi 31 May 2021Sure book an appointment at caharshittripathi@gmail.com or contact us at 9696059794
CA Naman Maloo 6 Jun 2021You can file your return with experts. Click here to book slot: https://www.taxontips.com/income-tax-return/
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Ravi
I am looking to open a company and trade in securities ? Can I do that? I will
Have funding from friends and family. Is that okay ?
Yes you can do so. However, there are certain conditions for procuring funds. For more detail please contact at +91-9650511176
CA Rahul Dwivedi 31 May 2021can do so, however what should be the nature of entity i.e. PVt. Ltd co., LLP, Firm etc depends on many things. The important aspect is selection among them to save costing, compliance & tax.
For detailed discussion you can reach me on ca.rahuldwivedi@gmail.com or 9004485377
You can even open partnership or LLP wherein accepting such loan would be easy as compared to company.
To know more book consultation:: https://www.taxontips.com/tax-notice-personal-consultation/
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Antara Biswas
Hi .. I have a property in my father's name, which i want to sell in 3 years to buy a new property . How can i avail maximum tax benefit from long term capital gain ? Do i need to include the name of my father in the agreement of new property to avail these tax benefits , considering that i will sell the property after 3 years?
Hi, kindly book an appointment for consultancy at +91-9911744028
CA Rahul Dwivedi 19 May 2021Prima facie it looks that you can save the entire capital gain Tax. However will complete details like PP,SP, Year of Purchase etc. etc
You can reach me ca.rahuldwivedi@gmail.com or 9004485377 for detailed discussion.
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Smart Edu
Hello Team,
Need few inputs on below queries:
1. I have purchased a domain 2 years back for online store. No physical set up/equipment. It was totally online. Till now, there is no selling done(due to pandamic also). I have not filled any ITR as there was no income.
Now, I wanted to register in MSME.
Question is --> what should be entered under "WDV (Written Down Value)" and "Turnover" ?
Is it fine if entered the value as 0(zero) in both field?
Thanks!
Stay safe all !!
Hi, need to understand your query. Kindly contact at +91-9911744028
CA Rahul Dwivedi 19 May 2021Turnover represent sales value however in your case you are talking about purchase price. In your case Turnover should be NIL. For correct understanding & disclosure you can contact 9004485377
Smart Edu 21 May 2021Thanks for response.
What should be WDV in my case?
Both would be Nil as it would fetch the same from ITR and since no ITR filed it will be Nil
Smart Edu 25 May 2021Thanks for clarification
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