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Question & Answer


A

Abdul Sattar

19 Nov 2018

Loan taken from a building. Does the rent coming from this building attract TDS and / or Service Tax ? How to avoid or overcome this ?

Replies (1)                          

CA Abhishek Sinha       21 Nov 2018

TDS on Rent is liable to be deducted by the person making the payment if the total amount to be paid during the year exceeds Rs. 1,80,000 p.a

Service Tax is abolished now

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S

Sidharth Pushp

14 Nov 2018

I have recently changed my job. My salary has more than doubled from the previous one. How is it gonna impact my taxes?

Replies (1)                          

CA Amit S       14 Nov 2018

You have to note the exemption threshold limits depending on what type of taxpayer you are eg woman, senior citizen etc. Over and above that you are taxed, and you can avail of deductions under Chapter VIA. Once you save on these deductions by investing, you can reduce your tax burden on the increased income. Else over the exemption you pay higher taxes on increased income depending on the slabs.

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M

Munagala Sai Kumar

8 Nov 2018

We are selling a property at 20 lakhs and The Buyer sending 20 Lakhs to My SBI Account and I want to use that 20 Lakhs and buy a home in Hyderbad. Will there be any tax issue?

Replies (2)                          

CA Jaya Agarwal       10 Nov 2018

yes, capital gain tax

CA Amit S       14 Nov 2018

The investment should be within one year and construction within 3 years. Also the owner should not own more than one residential house for exemption of sale proceeds.

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A

Aman

31 Oct 2018

Looking to increase capital from 1cr to 1.25cr.. what all are the charges and stamp duties for the same?

Replies (1)                          

CA Amit S       14 Nov 2018

amp duty shall be Rs. 1000 on every Rs.5
Lakhs of amount of increase in authorised
capital or part thereof subject to a maximum
of 50 Lakhs of stamp duty.

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A

Adil

31 Oct 2018

Process of negative cash balance, how adjusted

Replies (2)                          

CA Jaya Agarwal       10 Nov 2018

need to show cash inflow by selling assets, releaisng liability

Adil     17 Nov 2018

thanks sir,
but ,please give me detail knowledge

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