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Rohit
How does having joint account for mutual fund {myself{30% tax bracket} and wife{not working currently}} affect capital gains through mutual funds? will my tax get reduced if my wife is the main account holder?
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The first holder of the investment gets all the tax break in case of a tax saving fund. For taxation of long term capital gains or short term capital gains, only the first holder is liable.
T&C applyS
Shivrath Y
Currently i am proprietor of the unit, my question is can play as managing partner for another partnership firm simultaneously?
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Lisa
I have a propreitor ship firm. I have registered vendor codes with different service centres like airtel as a collection agent. Now i want to convert my propreitorship into partnership firm. This means that i will have to apply for new GST and consquently reregister the partnership firm for new vendor codes. The issue is that there is no clarity whether airtel will register new vendorcodes as they have stopped issuing new codes
Your understanding is correct, you will have to apply for GST for the partnership firm afresh.
T&C applyD
Dilip Sindhe
Can i purchase car costing 11.5 lakh rupees through my savings account how to avoid income tax if enquire?
You will have to pay TCS @1% which can be settled during your yearly IT returns
T&C applyS
Siddiq
I have done taken payment into my saving account using company gst tin by paywithindiamart ,, is it necessary to file gst returns would i be tracked for the transasction
Yes you have to show the transactions into your company GST returns
T&C apply
