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Ashwini Chavan
I want help to calculate LTCG on a property sale and want to prepay a home loan with the sale proceeds to avoid tax
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Please contact CA Ganesh Kakani +91-9420683637
CA Roomi Gupta 6 Oct 2022Prepayment of home loan not help to save tax in case of LTCG on property sale. For professional assistance connect us @www.tarurguptaca.com or call at 9216216819
CA Rahul Dwivedi 6 Oct 2022Dear Ashwini,
You can do so to save LTCG on sale of property. For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
Dear Ashwini,
To calculate the LTCG details are required, like Purchase Value, Date of purchase, Sales price & date, Cost of Improvement/renovation etc.
You can prepay the home loan to save the LTCG.
For further discussion you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
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Vinod
A builder is charging 12% GST&ITC for an under construction property. As far as I know, after 2019, GST has been reduced to 5%. When asked about this, the builder said that the government passed the liability of ITC (7%) to the buyer and the builder has to collect it from the buyer. Could you let me know if this is right? Also, please explain this ITC concept and how is it calculated. Thanks in advance.
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Kushagra Bhatt
Hello I am a crypto currency user ,and currently unemployed.So i wanted to ask how much maximum money i can withdraw to bank on which 30% tax won't be applied.?
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Aparna M N
I have a GST (sole proprietorship) registered small business (inter state supply of goods/ reselling) with turnover less than 10 lakh per annum. I also simultaneously do freelancing where I make artwork for clients. Is it legal to not show the income from the freelancing while filing GST?
No it is not legal. If your freelancing service is covered under GST and you are registered under GST you should show that income under GST as well.
To book consultation with expert click here: https://www.taxontips.com/gst-consultation/
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Aparna M N
I have a GST (sole proprietorship) registered small business (inter state supply of goods/ reselling) with turnover less than 10 lakh per annum. I also simultaneously do freelancing where I make artwork for clients. Is it legal to not show the income from the freelancing while filing GST?
It is not legal if you are not showing freelancing income while filling your GST return. Please contact CA Ganesh Kakani +91-9420683637
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