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Question & Answer


D

Dileshwar Singh Deshmukh

29 May 2018

Hi, I changed my job recently, from let's say company X to company Y. Company X has the policy to serve 90 days notice & in case of any short notice same gets recovered from employees full & final settlement. However, company Y promised to pay short notice recovery levied by company X. Amid all these what happened is, Company X recovered from me Let's assume 120/- = 100/- short notice recovery + 20/- GST. But company Y reimbursed 100/- as short notice recovery amount but I actually received 80/- = 100/- short notice recovery - 20% TDS. Overall due to Taxes (GST & TDS) involved I ended up losing 40/-, hence the question is "Can I claim some portion of 40/- & how" Please help

Replies (1)                          

CA Rahul Agarwal       2 Jun 2018

Hello Dileshwar, The employee can claim TDS while filling there income tax returns. Please call us on 7259165604 for further suggestions.

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B

Biswajeeta Dalabehera

27 May 2018

Is it good to close housing loan in early tenure

Replies (1)                          

CA Rahul Agarwal       28 May 2018

Hello, It depends on what nature of income you have? Structure,how much you wish to repay etc. Please call us on 7259165604 for further details.

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V

Vsrmurthy Vendra Vendra

25 May 2018

Sir, u/s 139(9) notice received, error code 38, asked to correct and upload XML. Efile shows 'No records found' Already 15 days passed from date of notice. return not invalid till now. How to upload XML?

Replies (1)                          

CA Nisha Bagla       5 Jun 2018

Error Code 38 is for Tax determined as payable in the return of income filed but has not been paid, Check and do accordingly

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R

Rakesh

18 May 2018

Hi am looking to understand applicability of presumptive tax - 44ADA on my professional services and also looking for tax filing services against the same. Please revert

Replies (1)                          

CA Rahul Agarwal       18 May 2018

Hello Rakesh, Let us know what guidelines you need for 44ADA, you can contact us on 7259165604 to guide you in detail.

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M

Mohd Asim

18 May 2018

Hi, I wanted to know that if i satrt my small e-commerce website business in India, do i have to register the company ?

Replies (1)                          

CA Nisha Bagla       18 May 2018

You can start as a Sole proprietorship business which does not requires any registration. Further with respect to GST you have to register if your turnover exceeds 20 Lakhs for the financial year. If you want to run your website as a Pvt ltd company then you have to register it.

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