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Question & Answer


D

Durgesh

13 Jun 2019

GSTIN Number is required for e-commerce website??

Replies (2)                          

CA Vaibhav Mago       13 Jun 2019

Yes, you would be required to obtain GSTIN compulsorily as e- commerce operator. Section 24

CA Naman Maloo       13 Jun 2019

Yes its compulsory for e commerce website if its going to do business all over india or outside india.

For further query you can mail me at canamanmaloo@gmail.com

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G

Gourav

12 Jun 2019

I am individual person. I have registered for sole proprietor ship can I open my office

Replies (1)                          

CA Naman Maloo       12 Jun 2019

Yes sir you can open your office. Where you have registered as sole proprietorship?
You need to elaborate your query or consult personally on canamanmaloo@gmail.com

T&C apply


A

Ash

12 Jun 2019

Hi I have a question regarding lease of a 10000 (8600+1400) sq yards land, development and what to expect as rent and if there are any red flags I should watch out for?

Replies (2)                          

CA Karteek Konejeti       12 Jun 2019

Could you please elaborate your query ?

CA Naman Maloo       12 Jun 2019

You must consult a Professional personally rather than posting it here as its more of proper consultation rather than a clear query

If you need any further assistance you can mail me at canamanmaloo@gmail.com

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G

Gourav

12 Jun 2019

Sir i want to run quiz app to earn real money with pay u money integration.i am invidual person can i run this with my saving account .can i run it without any obstruction

Replies (3)                          

CA Karteek Konejeti       12 Jun 2019

Hi.. As you are starting a business, it is advisable to open a Current account instead of savings account. Current account is meant for trading activities. If you have any other doubts then please contact me @ karteekcacma@gmail.com

CA Naman Maloo       12 Jun 2019

First of all you must open a current account as bank might refuse to manage so many transaction for your saving account.

Also remember you are liable to deduct TDS if amount of winning is above 10000 for a person.
If you need any assistance you can mail me at canamanmaloo@gmail.com

Gourav    12 Jun 2019

Sir but I am using kotak bank account. Payu money gateway accept saving account. Can I have to pay tax on saving account balance received from this

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K

K Nik

11 Jun 2019

My father (retired from service 7 years ago) inherited sum of Rs.10 lacs from his uncle. The money was in form of FD which is now transferred to my fathers account. Will there be any tax he suppose to pay?

Replies (3)                          

CA Karteek Konejeti       11 Jun 2019

You could consider it as a gift and it is received from a relative. Hence same is not chargeable to tax. For any queries please contact me @ karteekcacma@gmail.com

CA Naman Maloo       11 Jun 2019

Your father would have paid tax on interest earned by him?
Also since for your fathers uncle your father was not a relative he can taxed for that. We need to discuss it further.
If you need any consultation you can mail me at canamanmaloo@gmail,com

CA Suresh Bharathwaj       11 Jun 2019

Not Taxable as received as inheritance however interest income on the above is taxable

T&C apply