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CA Naman Maloo  

Firm
3Year  9Month  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

B

Burhanuddin

22 Days ago

Sir i dont have purchase invoice and I am selling on Amazon what should I do to claim itc without purchase invoice

CA Madhur Gupta     3 Jul 2021

First check status of GSTR-2A/B whether any credit is showing there.!

CA Naman Maloo     4 Jul 2021

Was GST charged on purchase and did you give your GST number during that purchase?
If yes ITC will appear in your profile and you can claim it there.

T&C apply

B

Biswajit Senapati

23 Days ago

Which ITR form should i choose. I have salaried income as well as part time online business income where TDS is deducted.I also have Form 16 from both.

CA Hunny Badlani     1 Jul 2021

Hello,
Depending upon the section under which TDS has been deducted on the online business income, ITR-4 can be filed.
It would be advisable to hire a practicing CA for proper preparation and filing of your income tax return.
I hope that this answer satisfies your requirements. For any query, feel free to write to me at badlaniassociates at Gmail.

CA Naman Maloo     4 Jul 2021

ITR 4 can be chosen.
If you need any assistance in filing ITR click here: https://www.taxontips.com/income-tax-return/

T&C apply

H

Harshal Mohan Pawar

25 Days ago

My Turnover is less than 20 Lacs and I have GST number. Am I supposed to pay GST? What facilities/exemption will I may get in this case?

CA Hunny Badlani     29 Jun 2021

Yes, since you are registered under GST, you would be liable to charge GST from your customers and remit the GST payable to the Government. Return filing compliances would also be required.
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

CA Roomi Gupta     29 Jun 2021

Yes after registration, you are supposed to charge GST from your customer and deposit the same with Govt. For GST compliance and more info can contact us at ca.roomi12@gmail.com or 9216216819

CA Rahul Dwivedi     29 Jun 2021

As you are registered under GST you have to charge GST on your invoices, collect it and deposit it to the government A/c. You should file necessary GST return. As you are not statutorily required GST registration, it is better to surrender the same otherwise have to comply with the GST rules. For further quesry you can reach me on ca.rahuldwivedi@gmail.com or 9004485377

CA Naman Maloo     4 Jul 2021

Once you have GST registration you need to pay GST and file GST return as well whether or not the turnover is below turnover limit.

CA Aditya Dhanuka     7 Jul 2021

Dear Sir,

Since you have opted for registering under GST, you are now bound to comply with all the provisions, and if you have any supply which is taxable under GST, then you are law bound to pay taxes on the same, irrespective of the fact that your turnover is less than 20 Lakhs.
There are no specific facilities/ exemptions to persons voluntarily registered under GST.
Should you need any specific advise, please raise a new question.

Please advise in case of any other clarification.

Thanks & Regards,
CA Aditya Dhanuka.

T&C apply

S

Saleem

28 Days ago

I have a freelance software development job from Germany where they will be paying around 35lakhs for the year. Do I need to have a gst for freelance jobs. And how do i save tax for this.

CA Hunny Badlani     26 Jun 2021

Hello,
I they will be paying you as professional fees and not salary, GST Registration would be required.
Further, if the consideration would be in convertible foreign exchange, you can file LUT under GST and supply these services without payment of 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

CA Naman Maloo     27 Jun 2021

Yes it would be required.
You can read this for more information: https://www.taxontips.com/gst-registration-for-freelancers-in-india/

If you need to have tax planning you can book consultation with experts at: https://www.taxontips.com/tax-notice-personal-consultation/

CA Mehul Aggarwal     27 Jun 2021

Hi, since you're involved in export of services, you can claim GST exemption. However, a GST registration and GST return filing will be required as per the provisions of the GST act. For more information, you may get in touch with us at +91 9811 896 771

CA Aditya Dhanuka     7 Jul 2021

Dear Sir,

In reference to your query, please note that the requirement of GST registration and compliance is based on turnover.
In case of persons providing services, they need to register if their aggregate turnover exceeds Rs.20 lakh (for normal category states) and Rs.10 lakh (for special category states).
Since your aggregate turnover exceeds Rs. 20 Lakhs, you would be liable for registration under GST.

Your case seems to be fitting in and satisfying the criteria of export of service, and hence based on the information provided, you are hence not liable to pay GST.

However, this value would need to be included in computing your limit for registration, which is exceeding 20 Lakhs.

Therefore, though you would not be charging any GST, however you must take registration.

Please advise in case of any other clarification.

Thanks & Regards,
CA Aditya Dhanuka.

T&C apply

M

Maria

1 Months ago

My mother is deceased in 2018 and now I have received a notice from IT in her name demanding for re-assessment of her IT return for AY 2015-16. Is this notice valid as she is no more. What does the law say? What do I respond to the IT officer who has sent the notice. Kindly advice. Thanks

CA Rahul Dwivedi     26 Jun 2021

Notice issue in the name of deceased is not valid as per law.
You can reach me on ca.rahuldwivedi@gmail.com or 9004485377

CA Naman Maloo     27 Jun 2021

Did you inform income tax department about her death in any income tax return or reply?
Also it is not valid to conduct enquiry in name of deceased.
You can oppose the validity of enquiry and they will start it in name of her legal heir

T&C apply

B

Balaji

1 Months ago

Belgian company wants to hire contract staff from Indian consultancy. In this case, Indian consultancy accepts invoice payment only in INR. If the transaction need to be done via wire transfer, How the Forex and transaction fee can be handled ?.

CA Naman Maloo     27 Jun 2021

Why Indian company only wants amount in Indian currency?
They will get lot of benefits of accepting amount in foreign currency.

T&C apply

M

Madhur Kapila

1 Months ago

How to avoid salary TDS, if your annual package is below from 3 lac

CA Madhur Gupta     19 Jun 2021

Employer will not deduct TDS on it. If he is deducting TDS over it then you can ask him not to deduct as no need of as per Income Tax Act. you can advice him to refer tax provision OR can have expert legal opinion over

CA Padmawati Agrawal     19 Jun 2021

There is no need of deduction of TDS if gross salary is Rs.3 lacs p.a.

CA Naman Maloo     20 Jun 2021

There is no TDS for salary below 5 lakh.

T&C apply

V

Vinitha

1 Months ago

My doubt is that we was generated a service invoice to a client abroad , we already took LUT. So issue invoice with 0% igst. The client remit payment through a payment app. But they payment was hit to bank in INR. We already file gstr 1 return as export services including the former invoice. But while gstr 3b we are requested to pay igst of the same invoice@18%( because the payment received in the form INR). Client is outside india so they are not agreed to pay the gst portion. So we decided to pay the gst portion on the behalf of client.
Normally the entry for service is
Account receivable a/c dr
To output igst
To service income
Payment of igst
Output gst dr
To bank

I want to know the journal entry when the igst payment in case of services to the foreign client ( who makes pyment in INR) ,& we pay the gst instead of them.

CA Aditya Dhanuka     17 Jun 2021

Hi,

Your entry in this case would be as:

Account receivable A/c Dr
Sales Expense A/c Dr
To output IGST.....
To service income...

Please note that in your query, you have agreed to bear the GST liability, which would be a business expenditure, hence the same can be charged to PL.

Please advise in case of any other clarification.

Thanks & Regards,
CA Aditya Dhanuka.

CA Naman Maloo     20 Jun 2021

Have you consulted regarding this with your CA before offering GST on same?
You may book consultation online with expert for same to understand whether GST needs to be paid or not.
https://www.taxontips.com/tax-notice-personal-consultation/

T&C apply

G

Gautam Singh

1 Months ago

Got a mail: The gross receipts/income, on which tax has been deducted, are to be entered in the schedules under the respective heads of income, as they are assessable in the year in which the credit for the TDS is being claimed.

CA Madhur Gupta     19 Jun 2021

Yes. These types of error happens at time of filingof ITR. You should always check 26AS and section under which TDS is deducted so as to put corresponding income in that head.
If you have TDS from various sources then always preferable to get assistance from tax expert to file ITR

CA Naman Maloo     20 Jun 2021

I need to check your Form 26AS and ITR to comment on the same.
You can book consultation with an expert here to get an advice over phone: https://www.taxontips.com/tax-notice-personal-consultation/

T&C apply

A

Amit Chawla

1 Months ago

In ITR4, should I declare all my saving account's balance even when I already configured them in portal?
In ITR4, Can I declare income at 20% even when my income is actually 75% (suppose) ? Please advise
Can department raise dispute even after processing ITR successfully.

CA Naman Maloo     20 Jun 2021

Your question is not very clear as to what is your income, nature of your income etc.
I would request you to book consultation and discuss the same over phone call.
https://www.taxontips.com/tax-notice-personal-consultation/

T&C apply
 
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