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Mukul
If my mother transfers 20,00,000 rupees from her Indian account to her Canadian account, would she be charged the 5% TCS payable under the LRS scheme.
Thank you!
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Gurdeep Singh Saini
Hi, I have been doing arbitrages and trading in cryptocurrency for the last 4 months. So will the income from arbitrages and trades be taxed as a capital gain or business income?
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Hi Gurdeep ji, as per the information provided, you're involved in speculation business. Accordingly, it is a business income rather than capital gain. You're highly advised to hire a professional for filing your income tax return, as such returns like yours are complicated and if proper disclosers are not made, you may attract unnecessary demands, penalties, etc. For any further information, get in touch with us at camehulagg (at) gmail (dot) com or call us at 9811896771
T&C applyS
Smart Edu
Can you please provide inputs on below queries?
1. We are starting online services like Online exam tests, Study materials, etc.
Do we need to register for each/every state?
2. If some other institute has the same name starting while searching for a name in a trademark official website,
Shall we register or Trademark our institute by adding some extra text?
EX: Already available name in - "ABC EDUCATION PVT LTD" or "ABCEDU"
Our Desired name - "ABCEDU ONLINE"
In my opinion you will not get the trademark because it will resemble.
CA Mehul Aggarwal 24 Apr 2021Hi, regarding your first query, assuming you're talking about GST, you're not required to register in each and every state, registration is required in only the state from which you're providing your services from.
To answer your second query, you won't get the trademark.
For any further information, get in touch at camehulagg (at) gmail (dot) com
No requirement to register in each state.
You might not get trademark if there is already someone registered
Thanks all for clarification.
One more concern, Can we register a business with one name and do business name as different, (as like Patym under One97)?
What is the process to register like that?
Yes, there are two types of names to be filled while filing for GST: Legal Name and Trade Name. Legal Name is as per your PAN (One97) and Trade Name is the name with which you want to carry on your business (PayTM). For more info, please contact us at camehulagg (at) gmail (dot) com or call us at 9811 896 771.
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Dipak
I was outside India and my resident status is Indian for this financial year.
The income earn outside inida is taxable or not?
Yes, for Resident and Ordinary Resident, income earned outside India will also be taxable in India. Taxes will apply keeping in mind the relevant provisions off DTAA with the respective foreign country., For more information you can connect with us at ca.pujasharma@outlook.com
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Akshat Shah
I am a recent graduate, yet I am not employed. But I get income from share market and some my FD and saving account intrest. So, how can I file return by my self at home for all this income ???
You can book service for filing your return of income from home and file your return by sitting at home. To book click here: https://www.taxontips.com/income-tax-return/
CA Puja Sharma 19 Apr 2021Its better that you get your return filed by a professional consultant to get the maximum benefits of tax deductions allowable and calculating appropriate taxes. You can connect with us at ca.pujasharma@outlook.com.
CA Mehul Aggarwal 24 Apr 2021Please be advised that in case your income doesn't exceed Rs 2.50 Lakhs, you're not required to file a return. However, income tax returns should be filed only through a professional. In the hopes of saving a few bucks, you might end up paying more in the form of penalties, etc.
For any further information, get in touch at camehulagg (at) gmail (dot) com or call us at 9811 896 771
