V
Vijay
DTAA issue
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Kindly reach me at +91 9830375894/ or drop an email on canavinjain1@gmail.com
CA Rakshit Jain 10 Sep 2020call @ 9587334442 to discuss the issue
CA Naman Maloo 13 Sep 2020If you need professional assistance feel free to contact me at canamanmaloo@gmail.com
T&C applyA
Amal Patnaik
Can we register GST without Firl registration??
It depends on the fact whether it is a proprietorship firm or a partnership firm. Kindly contact me at +91-9911744028 or e-mail at deepakkucheria@gmail.com
CA Rakshit Jain 10 Sep 2020call @ 9587334442 to discuss the issue
T&C applyR
Ranjini Thakur
Why do we receive GST invoice on our savings bank account as statement of supply of GST
V
Venkatashiva Avula
I know LTCG tax for a financial year is 10% on returns more than 1lakh. Here my doubt is if I invested 10,000 for 20 years then if the current value is 10,00,000 if I sold those at this value do I need to pay 10% tax for 8,90,000?
Or need to pay tax only if difference between previous year portfolio and current year portfolio value(means one financial year returns) is more than 1kakhs.
No...not at all. capital gains are arrived after indexing the purchase price of the investment.Rs. 10000 will be indexed @ 100(for 20 yrs before) and after indexation its indexed cost will be 10000x100= 1000000 i.e.10lacs. Now selling price is Rs.10 lacs. hence no LTCG arises. For any further consultation call at 7667559772
CA Rakshit Jain 8 Sep 2020call on 9587334442 to discuss your issue.
CA Loveseema Sharma 9 Sep 2020there is a proper procedure to calculate LTCG which only an expert can do. we need more details to calculate proper tax.
CA Naman Maloo 13 Sep 2020Its a complex calculation.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com
N
Neha Dubey
If the Annual pay is in the top tier (above INR 15,00,000), should the person be considered an employee or a consultant? What will be the tax slab difference between an employee and a consultant?
No, If salary goes above 15 lacs, it does not mean that you are a consultant. you can continue with salary income. No difference in tax slab for employee and consultant but method of calculating taxable income will be different. For any further consultation call at 7667559772
CA Rakshit Jain 8 Sep 2020call on 9587334442 to discuss your issue.
CA Loveseema Sharma 9 Sep 2020Mam,
First of all, every employee cannot be treated as a consultant. A person who is providing some kind of professional service can be treated as a consultant.
