N
Nandkumar
I booked an under construction Flat in May 2017. Registration was done around November 2017.
I availed Home Loan around December 2017 and have been paying EMI since then.
The construction completed in February 2019.
I am yet to take possession which may be delayed due to a small amount remaining to be paid as my own contribution.
Can I avail tax refund on tax paid during year 2018-2019 which was deducted at source by my employer ?
If so...How?
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I cant see any link between your home loan and tax refund.
If your query is whether you can claim repayment of home loan as deduction they my answer would be you can take deduction of principal amount in 80C and not for remaining part.
If you need any further assistance you can mail me at canamanmaloo@gmail.com
R
Rahul
There is a threshold limit of 5000/day of GST exempt in purchases from unregistered supplier, does it applicable for both intra-state or interstate inward supply?
This RCM is still not active it has been postponed. Also as and when it comes into effect this wont apply to inter state transfer because as such if one person is doing inter state supply of goods he needs to get registered under GST compulsorily so in such case RCM would not come into picture.
If you need any further assistance feel free to contact me at canamanmaloo@gmail.com
S
Shivam Raghuwanshi
I got whole salary of 2018-19 in 2019-20. Tax return of this amount is filed separately or with 2019-20?
Well, Mr Shivam you would be required to include salary of FY 18-19 in your tax return which is to be filed by due date of 31 July, 2019,irrespective of the fact that salary is received in 19-20.
You need to file separate salary and when you file salary for 2019-20 you need to claim relief of such salary.
If you need any further assistance you can contact me at canamanmaloo@gmail.com
Y
Yusuf
Dear sir/madam
As per government policy there is no need to have gst if there is turnover below 40lac as i am planning to start my own business for this i have to purchased a finished material from other state other than my business place state still there is no need to have gst so please provide me details for turnover less than 40lac ,can i start my business without gst and purchase stock from other wholesalers from outside or from my own state/place
Looking for an early response
Yes you can surely do that but you won't be able to claim input credit of GST charged by your supplier.
If you need any further assistance in any tax matters feel free to contact me at canamanmaloo@gmail.com
Surely, Mr Yusuf you can procure goods from outside of your home state without being required to get registered under GST.
However, you would not be eligible for ITC on goods purchased and also you cannot make any sales outside of your state.
For further clarification mail me at vmassociates2017@yahoo.com
Thanx for reply ,but how can i prove that my annual turnover is less than 40lac and in whose name should i purchase goods as i dont have any gst ,supplier ask me to in what name should they make a bill for me if i open current account without gst with any of my firm name than should i have to file return without any gst
T&C applyK
Karthik S
My mother had purchased asian paints stocks in 1990s. She had transferred 400 shares to me in Dec, 2017. Now I want to sell these shares for Rs. 1400. How is the long term capital gains calculated on this?
Same way you need to check its FMV on 31.1.18 with original cost and then find capital gain. The calculation has been explained in section 112A. if you want i can guide you in calculating same you can mail me at canamanmaloo@gmail.com
T&C apply
