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Asif
Should I required to MANDATORILY file ITR if i spent more than Rs. 2 Lakh in one financial year by Credit Card ?
Actually in I T Act there is provision of spent of rs 10 lakh in one financial year to file ITR but not looking any such provision of Rs. 2 Lakh.
Kindly give Advice.....
S
Shiv
I'm a student and want to sell online courses in foreign countries in USD, do I need GST if yes what will be the exact procedure be?
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Plesae connect with us at ca.pujasharma@outlook.com for details.
CA Naman Maloo 16 Jan 2022No need to register under GST until your turnover exceeds ₹20 lakh in a financial year and if you are selling from your own website.
If you need any further assistance feel free to contact me at canamanmaloo@gmail.com
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Rajesh
Hello
Sir, I have been using my credit cards as revolving credit. I do not do any business. I am just a salaried employee. Since , I had financial stress, I used credit cards to rotate money. I used paytm rent pay to transfer money from my credit card to my savings account and then pay another credit card bill and so on. I have been spending. 5-6 lakh every month like this.
Is there a problem from this? What should I do now?
Yes as the credit card bill payment will not match with your income it could lead to income tax notice.
If you need any further assistance or paid consultation feel free to contact me at canamanmaloo@gmail.com
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Roshan Karunakar
I have an ancestral property ( urban agricultural land) in Kerala which iam selling now.
Let us say the property value is 50 lakhs The buyer has said he will make agreement for 25 lakhs and the rest he will pay before agreement.
My query is,
How should I accept 25 lakh payment before agreement ( I told him I will not accept cash).
Will the amount received be taxable.
Agreement should be of the amount at which the property is agreed to be sold off.
T&C applyP
Pratheek Sai
I am trying to start as an intraday trader. I have no other source of income or salary. will there be any taxes on this business income?. if yes, how much will it be?, which ITR do I have to fill and when do I have to fill that?.
Income in excess of Rs. 2,50,000 is taxable subject to deductions. For Business income you may file ITR-4. For more information, kindly do connect with us at +91-9911744028 or deepakkucheria@gmail.com
CA Vishal Kumar Santoria 13 Jan 2022Income from Intraday trade is taxable as business income.You should file ITR if your total income without any deduction is above RS 250000 subject to provisions related to Tax Audit.
