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Prateek Mehndiratta
I started blogging and puting ads on my website. I would be earning revenue from google soon, I need a GST no. for withdrawal. I want to know that after getting money do I have to pay GST as well as income tax?
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GST is required only if amount exceeds ₹20 lakh and income tax needs to be paid anyways depending on your income.
I am handling few such clients who earn from Google and YouTube.
If you need any professional assistance feel free to contact me at canamanmaloo@gmail.com
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Suyog
I recently pais 90 thousand hospital bill for my mother, which i filed for reimbursment claim from by Insurance company (in which my parents are also covered), i recieved the reimbursment amount 0f 83 thousand will this amount be taxable for me ?
No, the receipt of Insurance claim is not taxable.
CA Abhinandan Jain 31 May 2020No this wont be taxable.
T&C applyV
Vedant
Are dropshipping businesses liable to pay GST? I am confused because all our customers are from the USA and we dont charge them any GST. Moreover we do not keep inventory in India and the stock is neither imported into India nor exported from India.
No need for GST.
I am handling taxes for various dropshipping clients so if you need any assistance feel free to contact me at canamanmaloo@gmail.com
Hi Vedant,
You do not need to pay GST under this business model. However, you need to complete the compliances of regular filing and reporting under GST regime. Filings are made mandatory by the department in order to keep the track of turnover for a financial year.
Hence you are not liable to pay GST but you need to file the returns for the same.
Feel free to connect in case of any queries. Happy to help !
CA Damini Agarwal
Ph : 8707297344
Partner | International Taxation - Global Mobility | GST
Income Tax | Corporate Affairs
Witcorp India Advisors LLP
https://www.thewitcorp.com/
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Saif Ahmad
Can we get a Loan for our startup business at a idea stage? And what documents we need.for the loan and how much amount we can get?
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Shiva
I owned a property in my name and want to sell the same and wants to purchase new one in my name and my wife be jointly can I do same
Yes you can but to claim exemption in that property you'll have to invest the requisite amount.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com
Yes , You can sell the property and purchase new property your name and your wife's name.
If you are using your entire sale proceeds to buy a house property you may end up paying no tax on your gains when – You satisfy all these conditions
(a)Purchase one house within 1 year before the date of transfer or 2 years after that
(b) Construct one house within 3 years after the date of transfer
(c)You do not sell this house within 3 years of purchase or construction
When you satisfy these conditions and invest entire sale proceeds towards the new house – you won’t pay any tax on your gains. However, if you invest a portion of the sale proceeds, the exemption will be the proportion
Feel Free to contact me if you have any query. My Email ID is caartiajain@gmail.com
Can I purchase two property after selling one and can I purchase one property with mine and mye wife name and other one with only by my name
Looking for an early response
Yes u can but amount of the capital gain does not exceed two crore rupees, then You may have option to purchase two residential houses in India.
This option will get to person once in the lifetime i.e buying two property after sale of one.
Feel Free to contact me if you have any query. My Email ID is caartiajain@gmail.com
