S
Sabasri S
If i complete 9 month of articleship through direct entry and after that j complete CA intern and will that 9 month of articleship will be reduced from 3 years
K
Kavitha
Please can you answer these questions, this is helpful for me and others.
Flat bought 7 years ago with 16 Lakhs and sold in 2022 August for 29 Lakhs. I am housewife and no other income.
Expenses: 7 years back paid 1.5 Lakh registration charges and flat remodelling/furniture (Cupboards/ Kitchen) around 12 Lakhs. For these charges I do not have any bills.
Q 1) Do I need to pay long term capital gains since I do not get any profit after all expenses?
Q2) If need to pay in which year I need to pay LTG tax and how much for this year LTG tax on Flat?
Q3) If I want to buy new property to avoid LTG, do I need to invest only 13 Lakh?
Q4) In this case Can I purchase any Land (site) or buying house is mandatory?
Q5) If it is mandatory and I want to buy before Next year August, right? In this case no need to declare tax in this year, right?
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please contact at this 9910550324 number for detailed discussion and clarification.
CA Rahul Dwivedi 3 Sep 2022Dear Kavitha,
Correctly said there is long term capital gain in your case, however the quontum of LTCG can be work out once we get the exact date of Purchase & Sale. Once we get the complete detail then only will be able to guide you how to save the LTCG or might be possible that it can be saved with investments.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
A
Abdulrehman Mansuri
I'm currently in Qatar and I want to sell smartwatches in India that I purchase here. What will it cost me to import these products to India? And do I need anything other than IEC? I'm not a business owner.
If your sales cross a threshold limit, you might need GST registration as well. For more information, kindly connect with us at deepakkucheria@gmail.com or +91-9911744028
CA Rahul Dwivedi 3 Sep 2022Dear Abdulrehman,
For import of goods GST registration is Mandatory apart from IEC code irrespective of quantum of goods. You have to approach custom broker (CHA) who will assist you in custom clearance.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
M
Mohd Hassaan Raza
I have rented an studio apartment (1RK) from a company which provides accomodation, they are now asking to pay 12% GST from next month onwards, I couldn't find anything related to this on the government website. I'm a salaried employee.
The Government introduced certain changes in the GST applicability on renting of residential property. The amendments per se imposes tax on such transactions now. However a tweet at PIB said that renting for residential dwelling would not be exigible to GST. For more information, kindly connect with us at deepakkucheria@gmail.com or +91-9911744028.
CA Rahul Dwivedi 3 Sep 2022Dear Mohd Hassaan Raza,
GST is not applicable in your case.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
B
Bornali Sil
If Govt Employee does Swing Trading or Short Term Trading which is managed fully by technology and does not affect official working hour & attention also, then. how Central Civil Service Conduct Rules deviated for him ?
