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Question & Answer


S

Shwetha Krishna

23 Feb 2022

I have already paid the outstanding tax and responded to the demand. However, interest is still being accrued. I had once paid the interest as well, thinking that it will resolve the issue. I have noticed that the outstanding payment and interest payment details are shown in part C of the 26AS form. Should I again pay interest or wait for communication from the IT department?

Replies (1)                          

CA Rahul Dwivedi       24 Feb 2022

Dear Shwetha ,
Need more detail to understand your case & then only will be able to guide you in proper way.
For detailed discussion you can reach us on ca.rahuldwivedi@gmail.com or 9004485377

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M

Mak

22 Feb 2022

Is it legal to buy crypto from foreign exchange and sell it on indian exchange for a profit

No Reply  


N

Neha

21 Feb 2022

What is the starting cost and then annual expenses for a private limited firm

Replies (1)                          

CA Roomi Gupta       22 Feb 2022

The Cost to register a Private Limited Company in India/ Registration of Pvt Ltd Company would vary depending upon the No. of Directors, No. of members, authorized share capital and Professional fees. For any query or help , you can reach us @ www.tarunguptaca.com

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D

Dhiraj

21 Feb 2022

Dear madam/sir
im working online on international websites(company) as a service provider and they payout (USD/INR conversion) directly to my indian bank account.
so my question is
1.which ITR and in which category i need to file during tax filling
2. do i need to register for gst (I dont have any buissness and worked independantly from my home & im resident of india)

thank you

Replies (4)                          

CA Hunny Badlani       21 Feb 2022

Hello,
1. ITR-4 can be filed. You can use Sec. 44AD / 44ADA as per the nature of your services.
2. GST Registration would be required in case your total receipts in a F.Y. exceeds Rs. 20 Lakhs limit. However, since it can be considered export of services, subject to conditions, no tax would be required to be paid under LUT.

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

DHIRAJ    21 Feb 2022

thank you for your kind information... i have little concern that do i need to register for gst first to get LUT or without gst i get LUT
THANKS

CA Hunny Badlani       21 Feb 2022

LUT can be applied only after registration.
Also, after GST registration, regular compliances would be required.

DHIRAJ    21 Feb 2022

THANK YOU

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R

Raghuvirsinh U.Vaghela

19 Feb 2022

I sale gifted residential property in 3000000 rs. How many tax pay for it?

Replies (1)                          

CA Hunny Badlani       21 Feb 2022

Hello,

Question is not clear. Kindly elaborate.
For any query, please feel free to contact us at badlaniassociates at Gmail.

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

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