K
Kishan
Can we claim exemption on LTCG(from Sale of Plot) if we invest in renovation on existing home, is there any other way to reduce liability with out buying new home
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No, Mr Kishan , you would not be eligible LTCG exemption if you make renovation on existing house.
There can be a way out if you add another floor to the existing home.
Better would be to have consultation on vmassociates2017@yahoo.com
You can save either by constructing another floor or investing in bond's u/s 54EC .
If you need any further assistance you can mail me at canamanmaloo@gmail.com
S
Suresh Dubey
OPC auditor could not be recruited within 30 days
As such there is no penalty for not appointing auditor within 30 days. You must now held an extraodinary general metting and appoint the auditor.
In case of any assistance in tax matters you can mail me at canamanmaloo@gmail.com
Suresh ji, Companies Act has made it mandatory to appoint Auditor within 30 days of incorporation.
In your case, auditor can be appointed within 90 days now by holding an Extra ordinary General Meeting.
P
Pravanjan
I need to pay rent to NRI house owner. Do I need to fill 15CA? If yes then what should be purpose code(I couldn't find related to rent)?
Definitely you would need to fill both 15 CA and 15 CB and also ensure that TDS has been deducted.
For more info mail me vmassociates2017@yahoo.com
Yes you need to submit form 15CA and also need to deduct TDS while making payment and I guess the code would be S1109.
In case of any assistance you can mail me at canamanmaloo@gmail.com
A
Anwar Azad
Can I revise my ITR for AY 2018-19 now. I need to change ITR form to claim FTC which was wrongly claimed in original return.
Hello Anwar
As per sec 139 (5) the time limit to revise the Income Tax Return for A Y 2018-19 was till 31/03/2019 so now you cannot revise the same
No Anwar you can't revise your return now until you receive any notice from department asking you to revise your return.
CA Naman Maloo 27 May 2019There is a way out if you have filed your return in time.
If you need any assistance you can mail me at canamanmaloo@gmail.com
S
Shruti
I applied for tax payer GST. Can I sell on online platforms like amazon using same gst or do I need to apply for tax collector gst?
No you can use this GST registration, you don't have to register as tax collector only flipkart Amazon has to register for tax collector.
If you need any further assistance you can mail me at canamanmaloo@gmail.com
Shruti, it is not you who is required to take TCS registration it is the Amazon who is responsible for TCS.
You can sell on Amazon without any tension.
Hello , Shruti
You do not need register as tax collector it is required only for the E - Commerce Operator
You sell on e commerce portal without registering as tax collector under gst
