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Vijay G
Investing in startup for ownership of income earning e bikes -Start co to save income tax ?
Sir/Ma'm,
I am.plannong to invest about 31 lacs in an ebike startup for ownership of 30 e bikes which the company will put on rent for b2c and Bob with assures returns for a period of 4 years.At end of 4 years the company will buy back the ebikes.I am a regular salaried employee with a annual income of about 12 lakh pa(gross).Please advise best way to save tax on my e bike income for next 4 years (Projected income 1.45 lacs pm for 4 years).Should I start own llp and register these ebikes on the company or buy on my own personal name.I have personal loan of 68 lacs.Please suggest different options for best tax saving .Thanks in advance .
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We need to first understand the model in which you are going to work the paperwork that will be done for same.
You can book consultation at: https://www.taxontips.com/tax-notice-personal-consultation/
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Vijay Kumar Prajapati
I have income coming from my Salary. Also, I am doing affiliate marketing. Can I claim deductions on the expenses incurred while generating income from affiliate marketing (domain/hosting etc.)? (As per old/new tax regime)
How should I categorise it, income from other sources or income from the business?
You definitely can claim deduction, however, kindly consult your CA. If you need professional advice, please contact at canavinjain1@gmail.com/ 9830375894.
CA Hunny Badlani 30 Mar 2021YEs, the expenses can be claimed. For further assistance, Kindly contact us at badlaniassociates at Gmail.
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Rahul Soni
I am employed with a company based in UK as a consultant. Will I come under section 44ADA of the income tax? Assuming I get 10,000 GBP annually, will there be any taxes on that except the 10% TDS?
Should I consult a CA for it now?
You need to consult with your CA, also your GST implication needs to be analyzed. If you need professional advice, please contact at canavinjain1@gmail.com/ 9830375894.
CA Aakash Ostawal 29 Mar 2021Yes, you can opt for taxation under 44ADA.. There will be taxes in india based on Slab rates. You can consult us on 9880610887
CA Naman Maloo 29 Mar 2021If you are earning from outside India how is TDS getting deducted?
You can consult a chartered accountant at:. https://www.taxontips.com/tax-notice-personal-consultation/
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Radhesh Walwadkar
What are laws related to ESOP sale (traded on NYSE) & already tax paid. Do I need to re-invest amount immediately?
Or I can hold partial amount & invest partial.
CA Navin Jain 28 Mar 2021There is no such requirement of reinvestment of proceeds. The taxability of the ESOP would depend upon your residential status and other factors. If you need professional advice, please contact at canavinjain1@gmail.com/ 9830375894.
CA Naman Maloo 29 Mar 2021You can read about the same here: https://www.taxontips.com/tax-in-india-on-income-earned-from-rsu-vested-in-foreign-countries-and-exemption-from-such-income/
And even book consultation to understand taxability of same.
Thanks Navin & Naman,
I am not concerned about taxation as it is already deducted by Broking Firm( 36% in total) & paid to Govt of India. I am more concern about do I need to reinvest amount immediately after transferring it to India. As per Navin, looks like there is no such law or requirement to reinvest.
Radhesh
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Lalit Chawla
Company charged tax due to non submission of rent receipt How can i get my tax back?
By filing the ITR, you can claim the deduction and get refund of the tax deducted by the Company. For any assistance, kindly contact at +91-9911744028
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