R
Rahul Bansal
We work only on freelancer.in (web platform) website. There are projects listed by some persons, we bid on them. If the client accepts our bid value, we get project and after completion of the project money is transferred in Freelancer account. After that, freelancer deducts its introduction fee of 10%, TCS at 1% and rest is transferred to our bank account.
Now, most clients are foreigners but some are Indians. As service export is zero rated. So for foreign clients, there is no tax liability but what will be liability for Indian clients.
1. Normal GST rate of 18%
2. Zero rated considering Freelancer as our client rather than the person directly.
It is to notice that we are not generating any invoice. Rather after completion of the work, freelancer generates an invoice.
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Normal GST as bill would be made in name of client and freelancer is just a moderator also if freelancer is deducting 1% TCS it is also registered in India.
Also in case of foreign it is 0% if you have the LUT.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com
K
Kalpana
I forgot to download form 16 from my employer portal. Can I request them for the same. Is there a way to download form 16 myself
Form 16 can be issued by the Employer only. There is no other facility to obtain it. In case you require form 16 for tax filing purpose then you can compile the salary slips for that year and file the returns.
In case you need help contact me on jainabhi189@gmail.com
H
Himansu Kumar Mahapatra
I booked my under construction property in may-2016. GST laws kicked in on jul-2017. So builder charges service tax on demands before jul-2017 and charges GST for demands after jul-2017. What happens to VAT? is it applicable on the entire agreement value or only the amount of the demands before jul-2017 similar to service tax?
VAT is a state tax and rules vary according to different states. I am practicing in Pune Maharashtra so I can guide you on rules in State of Maharashtra. In case of VAT, it was chargeable when the agreement was entered between buyer and seller. The VAT was to be paid in on the full agreement value on the agreement date. Irrespective of the amount transferred to the seller.
T&C applyM
Mahesh Dhumal
I am salaried person and have invested in equity and also intraday trading , my annual salary income is less than 5 lacs and have loss of 2000 in intraday and equity , do I need to file itr if yes which itr I need to file
Even though you wont pay any tax but since total income is below 2.5 lakh you need to file income tax return. Ideally ITR 3 needs to be filed for such type of income.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com
A
Anirudh
Looking for CA in Mumbai?
If its not related to state laws may be we can help you feel free to contact at canamanmaloo@gmail.com
CA Suresh Bharathwaj 24 May 2020I am from Mumbai Contact @ casureshbharathwaj@yahoo.com
CA Yogesh Joshi 29 Jun 2020I am from mumbai contact me on cayog22@gmail.com
T&C apply
