U
Ujjwal Garg
Hi.
I am a ujjwal, a freelancer , i have received money from different person ( a total of 14 lakhs) for building websites for them.
15-20 People transferred money to my account like someone 10 thousand, 1 lakh ,2 lakh , 50k etc.
So now which itr should I fill and approximately how much tax i have to give without any deductions.
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You can use ITR 4 and show the income under presumptive taxation scheme.
You can read more about the same here: https://www.taxontips.com/itr-4-now-available-for-ay-2020-21-who-is-eligible-to-file-such-return/
You can file your return under ITR-4 form. It would be advisable to hire a practicing CA for proper preparation and filing of your income tax return. You can contact us directly at badlaniassociates at gmail.
T&C applyS
Sumit
Sir,
My GST number is from Bihar. I am purchasing a TV on GST invoice from Amazon business website to resale it. I want to know, is it Mandatory for getting the item delivered to my GST registered address for ITC claim or I can bill it to my GST address and get it delivered in any state/city? Please help.
Dear Sir,
Pursuant to Section 10(1)(b) of the IGST Act, you can have the item delivered from your supplier directly to your buyer and the tax will be charged on the basis of your registered place of business, of which you can claim ITC.
Hence, it is not mandatory for getting the item delivered to your GST registered address for ITC claim and you can bill it to your GST address and get it delivered in any state/city.
Thanks & Regards,
CA Aditya Dhanuka
R
Ragendu K R
Should we register small online workshops
V
Vijay
Sir i want to open my open my domestic money transfer business i want to know how the taxation work in this business
M
Mohammad Arham
My only income is rental income from a property and I fall under the tax slabs. Does it qualify for section 115BAC or do I need to file under the normal old tax filing.
Selection of Old regime Vs. New regime of tax depends on your total Income and available deduction . One sohle compare the same before opting best one.
For discussion you can reach me on ca.rahuldwivedi@gmail.com or 9004485377
Yes all types of income are eligible for section 115BAC but you need to be sure that you are benefiting from same.
You can compare same at; https://www.taxontips.com/calculation-sheet-for-comparison-of-tax-payable-under-new-and-old-tax-regime-for-individual-and-huf-115bac/
