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Question & Answer


D

Debashis Roy

13 Jul 2019

I have paid 20% of booking amount of a flat (Flat value slightly more than 20 lakhs,under 60 sq mt in Durgapur West Bengal/ Non Metro City) in April-May 2015. Flat Agreement was registered in June 2016 and another 65% I have paid from Home Loan A/C in July -Nov 2016. Some more amount are to be paid. Now my question is that -Is I am not eligible for nil service charge for flat under 60 sq mt in non Metro city as per Central Budget 2016 and if not what will be my service tax amount and GST amount for the amount I have paid and will have to paid. -debashis.roydgp@gmail.com

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Payal

12 Jul 2019

How to file ITR for income earned from Facebook

Replies (1)                          

CA Naman Maloo       12 Jul 2019

Hi sir,
You need to show it as business income its same as youtubers income.
If you have asked this question earlier also somewhere then you also need to take GST registration since your receipt is above 20 lakh.
I handle tax for certain youtubers if you need I can provide you the service you can mail me at canamanmaloo@gmail.com

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T

Tirathsingh

11 Jul 2019

Hi , Im Tirath Singh, i had sell my property at Rs 27.5 lakhs 2 months before. My question is do i need to pay any income tax on that ? and if then how much % ? and if i use this money to purchase another property will i be charged any income tax?

Replies (2)                          

CA Vaibhav Mago       11 Jul 2019

Mr Tirath, you would be required to first ascertain whether you have made any gains on Sale of your property.
If yes, whether they are long term or short term.
Depending on that your tax liability would be ascertained.
If it is long term, then you can claim exemption of long term capital gains by investing in another residential property.
For clarification, mail at vmassociates2017@yahoo.com

CA Naman Maloo       11 Jul 2019

You need to tell the type of property, when it was purchased, what type of new property will you purchase and then I can guide for personal consultation you can mail me at canamanmaloo@gmail.com

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Nitin

10 Jul 2019

I am employed with Singapore based firm in India and paid USD in my Indian saving account per month. As there is no tax deduction from Employer end, no Form -16 is generated. How can I claim exemption under section 10 for HRA, LTA etc and other tax exemption and how to submit proof for the same? Thanks

Replies (2)                          

CA Naman Maloo       10 Jul 2019

You need to check your salary slip if you are getting such break in your salary slip then only you can claim it.
If you need any assistance in filing your return you can mail me at canamanmaloo@gmail.com

CA Karteek Konejeti       11 Jul 2019

As far as i understood, you must be rendering freelancing services. Are they issuing form 16A ?

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Shraddha

10 Jul 2019

How to deducted a tax on payments to be made to a website designer for website design and development? With conditions as 20000 advance payment and 20000 payable once the website is live.

Replies (4)                          

CA Naman Maloo       10 Jul 2019

Its a professional service therefore TDS will be deducted u/s 194J @10% at payment or credit whichever is earlier as amount is above 30,000.
So at the time of payment you need to deduct TDS on 20,000.
If you need further assistance you can mail me at canamanmaloo@gmail.com

SHRADDHA     10 Jul 2019

Thanks for your help, if i haven't deducted tax on advance payment made can i deducted tax on balance payment and then make the payment.

CA Naman Maloo       10 Jul 2019

You can do that but you will have to pay interest on same..
It would be better if you can take personal consultancy

SHRADDHA     10 Jul 2019

Thank you so much for your help

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