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Puneet Madan
I am earning regular monthly income by giving parenting tips online in case of new born babies. My annual receipts will be around Rs. 4.00 lac. Can I avail the benefit of section 44ADA i.e. presumptive taxation scheme.
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No, the section 44ADA is for professional providing services. You doesn't seem to be a professional. For further query call @ 9549912646
CA Subrat Sharma 18 Mar 2019Deduction is respect to section 44ADA is available to following persons engaged in any of the following professions:
Legal,Medical,Engineering,Architecture,Accountancy,Technical consultancy,Interior decoration,Film Artists,Certain sports related persons,Company Secretaries and Information technology.
Conclusion: You are not providing any professional service which come under the virtue of section 44ADA that's why you are not eligible for deduction under section 44ADA, you have any other options as per income tax, if you need any assistance you feel free to contact me;
Email:casubratsharma@gmail.com
Mobile:+919958718281
No you cant take the benefit of section 44ADA but you can file it under other presumptive section but you need to have incurred some real expenditure to claim such profit.
If you want any further consultation or discussion you can mail at canamanmaloo@gmail.com
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Naheed
Net salary was paid during 1 year sabbatical leave for 6 months in the year 2017-18. Later gross salary was reversed from account. Form 16A shows tax paid as the tds on salary. How to claim tds refund?
File your income tax return and claim TDS in it. For more information call @ 9549912646
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Ankit
Hi , I have a sole proprietorship firm for software consultancy , and I export software to only foreign clients .
My question is , in GST invoice what should be the IGST rate . Will it be zero ?
If you have obtained Letter of Undertaking (LUT) for export of goods/ services without payment of duty, then you will not charge GST in the invoice.
Otherwise, you have to charge GST in the invoice, deposit the GST and claim refund of the GST paid.
Email on ca.sidbhardwaj@gmail.com for any clarification and help.
No need to charge GST on it. For more information call @ 9549912646
CA Subrat Sharma 18 Mar 2019Under GST regime, you as a exporter have either of the two options;
Export under bond without payment of tax(LUT)
Export along with tax payment and claim refund later
basically these options are available if you need any assistance you feel free to contact me;
Email:casubratsharma@gmail.com
Mobile:9958718281
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Dinil P
Hi, I am a NRI working in Dubai, I want to start a design studio in bangalore, India. The company will be focused on product design.
NRO fixed deposits attract taxes as per Indian laws. The interests earned from an NRO FD are taxed according to the Income Tax Act, 1961 at around 30%. You can reduce this TDS by availing DTAA facility.
Yes, you can close your NRO FD before maturity. Interest will be calculated at the rate applicable for the period the Deposit has actually remained with Bank plus applicable penalty.
Therefore TDS will be deducted on interest upto date of closure as there is no threshold exemption limit.
Further u can contact on casanchit2019@gmail.com or 9953461065
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Sameer
I purchased a flat for 2,80,000 (april 1996). stamp+brokerage for flat 10,000 (april 1996).
Repair and renovation is total 1,00,000 in 2010. Sold the flat for 23,00,000 (december 2018).
Paid brokerage (46000).
What is the amount on which capital gain tax (LTCG) is liable? (after indexing as per latest data)
Capital Gain will be around 13lk
Kindly contact mayank8118@gmail.com for detailed calculations and know more about tax exemptions.
The Capital gain can vary as per the as per its value in year 2001-02. For more clarity kindly contact on 9549912646 or ca.utsav123@gmail.com
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