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Vivek Bg
I am an artist. My home, where I live with my family, doubles up as my workspace and studio. Would having people come over to see my art and commission a work make my home a commercial property? Should I register my house differently or change my electricity meter?
Can I leverage Google Maps to tag my home-studio as a 'design agency' without the authorities penalizing me for not registering my home as a commercial property?
This is our own house and not rented. I don't employ anyone nor have/own any heavy machinery. Since the pandemic, work IS now done largely indoors.
In my opinion, there wont be any problem if you opearate the design aganecy from your house. Hwoever, if any state license is required then please look into that. For more infomration you can connect with me at ca.pujasharma@outlook.com
Vivek BG 26 Jul 2021Thanks a bunch, Puja. I am based out of Bangalore. I'll check on the state license bit and reach out to you if I face any issues.
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Darshan M
My questions are regarding HUF..
1) I want to make HUF with two member viz me and my wife and My wife shall be karta ..is it possible to make wife as a Karta since she is younger to me
2) Is it mandatory to have HUF name with suffix HUF like "XYZ HUF"
Please call on 7679875546
CA Rahul Dwivedi 24 Jul 20211) No
2) Yes Suffix HUF is mendatory
For further assistance reach me at ca.rahuldwivedi@gmail.com or 90044853777
Yes it is mandatory to have the word HUF in its anme.
Further, in my opinion, an HUF starts only after the 1st child is born.
For more information, you an connect with me at ca.pujasharma@outlook.com
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Asif
I'm searching CA for correction of form 26QB.
You can reach me on ca.rahuldwivedi@gmail.com or 9004485377
A RAJGARIA & ASSOCIATES 24 Jul 2021Please connect to 7679875546
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Raghav
Hi
my relative is an engineer and he has salary income of 30 lakhs Rs and professional receipts of 30 lakhs also can he take benefit of presumptive tax of 44ad or the limit of 50 lakhs is applicable on total of salary plus professional income i.e. 60 lakhs Rs here and hence presumptive tax benefit cant be taken
Yes you can opt
for further assistance reach us at ca.rahuldwivedi@gmail.com or 9004485377
Presumptive tax benefit can be taken by him. For more infomration and consultation you can connect with us at ca.pujasharma@outlook.com
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Suhas
Road accident claim from Income Tax Department.
My dad was a retired bank employee and he passed away on June8th 2021 in a road accident .My dad was filing income tax return from past 3 years . We recently received a message from one of our family friend stating there is provision of accidental death claim available from government for person's family who was filing income tax returns. We need few information regarding this.
1. Is this correct information.
2. If yes by when should this be done.
3. and what is the procedure and where and how can this be claimed.
Dear Mr. Suhas, to the best of my knowledge the statement is not correct. Filing of IT return helps to settle compensation with insurance companies in case of accidental death.
CA Puja Sharma 24 Jul 2021In my opinion, tehre is no such relief announced by the government for tax filers.
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