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Kushal Ashok Jain
Hey I am a Poker Player..
So Can I Withdraw My Winning In 9999 So That I dont have to pay Any Tax..
And If I do this Will I have to Pay Tax in the end Of the year..
And How much amount I can Withdraw In Account Wihout tds in a year
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Sir as mentioned earlier even if you withdraw the amount it's the liability to first deduct TDS on such winning and then pay you as such winning is in money form. If the person is not deducting TDS that's great and you need to pay tax at the end of your total income exceeds Rs. 250000.
If you need personal consultation or discussion you can call or mail me.
Brother it is the legal obligation of the poker operator to deduct TDS if amount of your earnings exceed the specified limit.
So withdrawing amount from your account would not change the legal obligation of poker Operator
If the poker already deducted TDS u/s 194B, you should file ITR. And no basic exemption limit for income from winnings. And it is immaterial whether you draw or not. Tax payable on this income at 30%+4% cess.
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Wictor
What will be the total cost or charges for auditor and ROC, for addition of new director and relieve one of the existing director who is willing to resign, in a private limited company in India?
There are many website which provide this kind of services and they are charging 3000-4000 for each of these services.
CA Neeraj Bansal 26 Apr 2019It will be Rs 3000 plus roc fee.. Roc fee depend on authorised capital of the company and it is rs 300 for 1 lakh autholrised capital. if you need any help, reach to me on 9718046555
Wictor 27 Apr 2019Thanks for the reply sir.
A) Kindly let me know the total cost or charges for incorporation of a private limited company with two directors (ROC plus auditor fees)
B) what would be the total charges for obtaining business commencement certificate for the same private limited company with two directors
Thanks for the reply sir.
A) Kindly let me know the total cost or charges for incorporation of a private limited company with two directors (ROC plus auditor fees)
B) what would be the total charges for obtaining business commencement certificate for the same private limited company with two directors
reach at 8906860881
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Kushal Ashok Jain
I Am a Poker Player..
As Per Law I have to Pay 30% Of My Net Winnings If My Winnings are Above 10K..
But II withdraw 9999 Per Day I dont Have to Pay Any Tax..
So Will This Create Problem In the end Of Financial Year
Well, Mr Kushal it is upon the Poker operator to deduct 30% of your earnings if they exceed 10000.
In this case you cannot do anything.
You can file your tax return and claim excess tax (tds)deducted.
No sir even if you withdraw 9999 then also the operator might deduct your TDS or report it anywhere so if its a big amount its better to file your income tax return properly. Also that 10000 limit applies to the operator even if you withdraw 9999 if he has credited an amount above 10000 he needs to deduct TDS.
If you need any further clarification or assistance you can mail me at canamanmaloo@gmail.com
K
Kushal Ashok Jain
Hello Sir
hello sir,
please post your query or if you need personal consultation you can book one or mail me at canamanmaloo@gmail.com
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B Prashanth
My brother is a proprietor of small indoor advertising company, and his business turnover in FY 2018-2019 was 23,00,000. he was not registered with GST in last year. now, should he register with GST? if yes, under what scheme he should register with? composition or general?
He needs to apply for registration as his turnover exceeds 20 lakh and he can apply for composition scheme if ITC value is less and he need to pay tax @6%. If you need any help you can contact me on canamanmaloo@gmail.com or call me.
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