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CA Naman Maloo  

Firm
4Year  11Month  experience

I have been a Chartered Accountant since 2017 and have Good amount of experience in Direct Tax especially replying various notices, assessment, capital gain calculation.

  
 
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Address

324, Balaji Tower,Besides Radisson Blu,Tonk Road
Jaipur
Pin code - 302017

Availability

Mo,Tu,We,Th,Fr,Sa

09:30 am - 07:30 pm

Experience

✔ Business Incorporation✔ Accounting / Book keeping
✔ Direct Taxation✔ GST

Industry Experience
✔ Education and Training✔ Manufacturing
✔ Services✔ Textiles
Education
    NA
Associated with (Firm / Company Name)
    NA
Awards and Recognitions
    NA

R

Rohit Kundu

1 Months ago

Sir/mam,
My name is Rohit Kundu and i want your suggestion to the matter that i am the owner of an One Person Company and now i need to convert it into a Private Limited Company. But i did not know what are the procedures and processes to do this . Please suggest what are steps i have to follow for such things.

CA Puja Sharma     26 Aug 2022

OPC can be converted into Pvt Ltd by voluntary or mandatory conversion. Form INC - 6 has to be filed with ROC within 30 days to 6 months, depending upon the type of conversion. For secretarial compliances and consultations, you can connect with us at ca.pujasharma@outlook.com

CA Rahul Dwivedi     26 Aug 2022

Dear Rohit,
Conversation of one person company into pvt ltd co is possible. However the procedure is technical and detailed.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377.

CA Naman Maloo     4 Sep 2022

The procedure is too long and can take anywhere upto 6 months.
We can help you with it but cost could be very high. So what is the intention in doing so.
If you need consultation you can book the same at: https://www.taxontips.com/tax-notice-personal-consultation/

T&C apply

K

Kavitha

20 Days ago

After 7 years I sold my flat in August 21st 2922 and I have 13 lakhs long term capital gain,
To avoid tax, can I buy any site? Or mandatory to buy a flat? And before which date I need to buy?

CA Naman Maloo     4 Sep 2022

You need to buy flat to save capital gain under section 54 or you can invest in bonds. For flat you'll have 2 years to buy and for bonds you'll have 6 months from date of sale.
Read more on: https://www.taxontips.com/is-investing-your-capital-gain-amount-in-bonds-under-section-54ec-still-a-good-option-to-save-capital-gain-tax/

T&C apply

N

Nikhil

1 Months ago

I have general inquiry on below scenario of myself moving to Singapore:

1. I have income in my current company till approx 20-Sep-2022
2. I will be moving to Singapore on 26-Sep-2022 and earning in Singapore dollars will be started.

Questions:
1. In India, FY 2022-2023 - Do I need to declare singapore earnings? Will that be taxable?
2. If I send Singapore dollars to India's NRE account, will that amount be taxable?

Please suggest

CA Naman Maloo     7 Aug 2022

If you are moving to singapore before 1st october you will be non resident in India as you are moving out for employment and hence no tax needs to be paid on singapore salary.

Sending amount to NRE account wont be taxable.

You can book consultation at: https://www.taxontips.com/tax-notice-personal-consultation/

T&C apply

S

Supriya Khanna

1 Months ago

How to open NRI Account in India? Where to open it? What are its benefits? Will I have to pay tax on the overseas income I put in it?

CA Rahul Dwivedi     4 Aug 2022

Dear Supriya ,
There is no account by the name NRI account. NRI can open NRE account & NRO account with any bank. NRE account is used to park foreign earnings and not taxable in India and NRO account is opened by NRi to manage earnings in India.
For further Consultation you can approach us at ca.rahuldwivedi@gmail.com or 9004485377.

CA Naman Maloo     7 Aug 2022

If you become NRI as per FEMA act then you can open NRE account and NRO account.

For better consultation you can book consultation at: https://www.taxontips.com/tax-notice-personal-consultation/

T&C apply

S

Satbir Singh

1 Months ago

I am selling my residential Property on next month. My deal is Done at 50Lakh.They will pay me via Cheque. What will be the next step after getting Cheque. Should I have to deposite whole money into my saving account or elsewhere? I required yours Step by Step guidance.

CA Shruti Goyal     6 Aug 2022

Hello
Capital gain will b attracted however it can be saved.
For further clarification please contact cashrutigoyal127@gmail.com

CA Naman Maloo     7 Aug 2022

For a step by step process it is recommended to book a consultation with expert to plan tax properly.

Link for consultation is: https://www.taxontips.com/tax-notice-personal-consultation/

CA Puja Sharma     8 Aug 2022

Capital gain will arise in your case. You have to reinvest the gain or proceeds if you want to claim any exemption.
For more discussion, you can book a consultation with us at ca.pujasharma@outlook.com

T&C apply

S

Sohail Ahmed

2 Months ago

GST for Import/Export of Services for my Web Hosting Company

CA Naman Maloo     17 Jul 2022

You can book consultation and talk to experts: https://www.taxontips.com/gst-consultation/

T&C apply

A

Abhi

2 Months ago

I'm a CA aspirant and came across a scenario regarding taxation. Can you please help resolving query.

A person received hiring bonus(tax deducted on it) in FY let's say 2020-21 but had to return back the whole amount in FY2021-22 after leaving job. Employer has not mentioned this returned amount in Form16 but had provided a recovery certificate on company letter head that says that a sum of xxxx has been recovered as hiring bonus from person. Now, Can the person claim the already deducted tax on that bonus or what can be possibly done here?

CA Naman Maloo     17 Jul 2022

This is a common problem and one cannot do anything regarding this as the employee is paying additional tax on same.

CA Deepika Boyina     17 Jul 2022

It should be included in form 16

T&C apply

S

Sara

2 Months ago

I am salaried person who does FnO trading. I recently purchased a laptop for trading. Can I show it as business expenses and reduce taxes?

CA Hunny Badlani     17 Jul 2022

Hello,

F&O Trading will be declared under the business head. Laptop purchased would be declared as Fixed Assets in the Balance Sheet while the Depreciation on the cost of laptop would be considered as your business expenses and would be allowed as a deduction from the business profits.

I hope that this answer satisfies your requirements. For any query, please feel free to contact us at badlaniassociates at Gmail.

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

CA Naman Maloo     17 Jul 2022

Yes you can claim depreciation on the laptop.
If you need any assistance in filing ITR CLICK HERE: Good morning, please share the following documents:
1. Password of PPF Statement;

2. Upstox account details like Portfolio as on Mar 31, 2022, Capital Gain Report for the period of April 21 - Mar 22, 2022 in Excel format, transaction report in excel format for same period;

3. Zerodha account details like Portfolio as on Mar 31, 2022, Capital Gain Report for the period of April 21 - Mar 22, 2022 in Excel format, transaction report in excel format for same period (earlier pdf file was shared);

4. House loan statement and other documents related with loan so that we can bifurcate the principal and interest of every month;

5. UCO Saving account statement transactions which were related to the business expenses.

T&C apply

J

Joe Tim

2 Months ago

Hello, my salary income is nil and i do trading indian stocks but the gains are not above than 2.5 lakh so is it compulsory for me to fill the itr ??

CA Naman Maloo     17 Jul 2022

If the total income is below 2.5 lakh you need not file income tax return.

However if you still have any confusion you can book consultation with expert and even get assistance in filing your Income tax return: https://www.taxontips.com/income-tax-return/

CA Deepika Boyina     17 Jul 2022

No need if you don't have income under any head. For professional help contact deepikajagan01@gmail.com

T&C apply

K

Kamal Vijayvargiya

2 Months ago

Dear sir,

i am an employee of PSU Bank which provides me reimbursement of medical expenses, i incurred on treatment of my 80 years old father who is suffering from chronic kidney disease and requires twice a week dialysis and other medical treatment. The expenses are around Rs. 200000 per year.

my employer add this amount to my salary and deduct tax @ 30%. I like to know that is there any provision that i can say my employer not to deduct tds or can i claim any relief or deduction while filing ITR.

Please inform details of provisions and process.

regards

CA Naman Maloo     17 Jul 2022

Its an amount reimbursed by your employer and paid you so it is taxable in your hands.
You can check if such disease fall under any deduction and if you could claim any deduction against such income received.

You can book consultation with experts at: https://www.taxontips.com/tax-notice-personal-consultation/ and discuss if any tax can be saved.

CA Deepika Boyina     17 Jul 2022

It needs detailed explanation. For professional help contact deepikajagan01@gmail.com

T&C apply
 
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