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Question & Answer


H

Hotel

7 Sep 2020

I am running a hotel business. My annual turnover is less than 20 lakhs. Do I need to register for GST

Replies (2)                          

CA Rakshit Jain       7 Sep 2020

Yes if you are taking services of webiste like makemytrip, goibibo, trivago etc. For more discussion call @ 9587334442.

CA Jaya Agarwal       22 Sep 2020

First I need to know, whether oyu fall under sec 44AA (i.e.) books of accounts required to maintain or not. If yes, you can show it under Liability head in BS, no treatment in ITR or income part of that money.
For more details call at 7667559772, ca.jkagarwal2011@gmail.com

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S

Shivam Goyal

5 Sep 2020

Incorporated a private limited company with paid up capital of 1.00 lakhs but deposited 1.12 lakhs i.e. 56 thousand each before filing Inc 20a. Will it create any barrier in filing inc20a and how will this excess amount be justified.

Replies (2)                          

CA Rakshit Jain       6 Sep 2020

Call @ 9587334442 to discuss on this issue.

CA Jaya Agarwal       8 Sep 2020

No need to worry. The excess amount can be taken as application money and will be outstanding in balance sheet for further increase in share capital. For any further consultation call at 7667559772

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N

Narendra Rajput

5 Sep 2020

I worked nearly +6.5 years for a MNC company and got laid off on 17-March-2020.
I was paid Severence amount of about 3 lakhs.
And I am still jobless.
My question is that Can I claim this Severence amount under any Income Tax section , so that I will get good refund amount, please revert and reply...ASAP.

Replies (2)                          

CA Rakshit Jain       6 Sep 2020

Call @ 9587334442 to discuss.

CA Jaya Agarwal       8 Sep 2020

Yes, you can claim this amount u/s 10 and get refund for what you have extra paid. For further query call at 7667559772

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R

Rahul Singh

5 Sep 2020

Need advice for tax saving

Replies (2)                          

CA Rakshit Jain       6 Sep 2020

Call @ 9587334442 to discuss.

CA Jaya Agarwal       8 Sep 2020

Need information for that pls call at 7667559772

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P

Pallavi Mittal

5 Sep 2020

I sold my property in may 2020 and purchase new in June 2020 as there is provision to save to save LTCG I can not sell it for 3 years I want to known when this 3 years will complete to sell again property or can I family transfer my new property before 3 years

Replies (2)                          

CA Rakshit Jain       6 Sep 2020

Call @ 9587334442 to discuss.

CA Jaya Agarwal       8 Sep 2020

Yes, u/s 54EC of Income Tax Act, you are exempt from LTCG. Yes, after 3 yrs you can continue to sale, but at that time LTCG will arise. Family transfer will be considered as gift. Call 7667559772 to discuss

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