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Question & Answer


S

Shiva

8 Feb 2020

I am looking to sell my house and want to invest my amount agan in in another house can i invest in two or three house and willing to purchase one house in my wife name and other in my own name can it is possible to invest in two or three house and one in my wife name other in my name can there will be a lcgt liability
Looking for an early response

Replies (2)                          

CA Naman Maloo       8 Feb 2020

There are conditions attached if you wish to invest in 2 house.
Also if you wish to invest in your wifes name then it would result in litigation and therefore its better if you also make yourself as co owner.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com

Shiva    9 Feb 2020

If i wish to purchase 2 house and after purchasing can i transfer one house to my wife with in 2-3 month of after sale deed

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H

Harpreet

6 Feb 2020

Hello
My employer is recovering money from my salary due to erroneous pay fixation, that i will deduct from my gross salary for income tax calculation this year but i have already paid tax on that amount when it was part of my salary last year. how to adjust that ?

Replies (2)                          

CA Naman Maloo       7 Feb 2020

Your question is not clear.
Is it regarding salary in arrears?
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com

CA Kantha Manjegowda       1 Mar 2020

tax may deducted arrears salary, either you can adjust befoer end of financial year or file tax return claim refund

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P

Praveen Kumar

6 Feb 2020

I want to start trading business. Is I need to apply for company registration or GST no is enough to start business

Replies (2)                          

CA Abhishek Agarwal       7 Feb 2020

Company registration is required only if the leagal entity you want to form is a private or public limited .. other than that you need to take trade licence from your local body.. for further query each out to us on +91 8861200411

CA Naman Maloo       7 Feb 2020

If you want to start a business in your own name you can easily start it without registering company or even without GST registration if you are going to do business in your own state.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com

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H

Harjot Singh

6 Feb 2020

How to trade legally binary options in india?

Replies (1)                          

CA Yash Jain       6 Feb 2020

Binarty Trade Options w.r.t Foreign Currency & Stocks have been termed as illegal, hence in case of any dealings done by you and in case of any loss/scam there is no legal law that can support you.

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A

Anshu Gupta

4 Feb 2020

I am a retired teacher from a UGC aided college and receiving pension. Want to start a small business as a sole proprietor. Want to know if income from this sole proprietorship business will be counted as income from other sources when filing Income tax or my entire pension will be tagged as income from business.

Replies (2)                          

CA Naman Maloo       4 Feb 2020

No income from sole proprietor would be business income and pension income would be income from salary.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com

CA Abhishek Agarwal       7 Feb 2020

Income from your business would be taxed as business income and pension income will treated as income from Salary .. for any further assistance or query reach out to us at abhi.associates2018@gmail.com

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