A
Anurag
For taking benefit of capital gain tax We have purchase residential property. Kindly suggest
1- We can sale residence before completion of 3 year or if we can sale before 3 year what will be the tax liabilty on us
2- we can purchase another residential property in exchange of previous residental property
because we are interested to sale previous residential property
3- we have completed 1 financial year to hold this residental property
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Plz book consultation.
You may contact cashrutigoyal127@gmail.com
for consultation what is the process
CA Deepak Kucheria 12 Aug 2022Kindly connect with at +91-9911744028 or deepakkucheria@gmail.com for consultation.
CA Rahul Dwivedi 20 Aug 2022Dear Anurag,
Yes, You can sale the property before completion of 3 year, however please note if you had purchased this property to save LTCG in that case you can't sale it before 3 year else you have to pay LTCG.
For tax planning and further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377.
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Anand Agrawal
Can I invest 1.5 Lacks each in PPF, NPS and ELSS ?
Yes you can invest 1.5 Lacs in each of the above schemes. However, tax deduction u/s 80C would be restricted to aggregate of all three to the extent of Rs. 1,50,000. For more information, kindly connect with us at +91-9911744028 or deepakkucheria@gmail.com
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Ajit Kumar
Hello
do i need to register GST if i provide online services entirely to foreign clients/Company and receiving payment in USD/INR conversion?
Or i just need to take care of income tax only?
As i raise invoice to clients there is no way to mentioned GST to foreign clients so in this case if i need to gst registration then how to pay gst beacuse i do not add gst in invoice for foreign clients...
Thank you
Registration would depend upon the amount of total revenue earned. Further, whether you need to pay GST or your services would qualify as export would depend upon the nature of service provided. Kindly connect with us for detailed discussion at +91-9911744028 or deepakkucheria@gmail.com
AJITKumar 10 Aug 2022Thank you sir...
Is there any certain limit for revenue earning in a year, and after that limit i need to register GST?
Hello,
You would be required to register under GST if your gross receipts from your services exceed Rs. 20 Lakhs limit in a F.Y.
After registration, you can provide such export services without payment of GST under LUT. Return filing compliances would have to be made.
I hope this answer satisfies your requirements. For a detailed resolution of your query, you can contact us directly at badlaniassociates at Gmail or take a phone consultation.
Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5
Thank you sir
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Swapnil Mondal
I want to open a current bank account in the name of my brand but all the proofs of my business is in the name of the parent company under which the brand exists. So what to do in this case?
Hello
Bank ask for two govt registeration for opening of current account. Further clarification contact cashrutigoyal127@gmail.com
S
Sachin M Eligar
My self Sachin staying in Mysore. I am a salaried employee of the Central Government and submit ITR-1 every year.
I had invested Rs 8000 per month as SIP from November 2016 to December 2019 in the HDFC TaxSaver-Growth plan. Total NAV units purchased were 596.512, with an average NAV unit price of 496.218. I had shown these investments while filing the returns in the respective years. During Aug 2021, I redeemed 331.123 NAV units and received a total amount of Rs. 2,24,000.
Now while filing IT returns this year, Do I need to show the profit? How do I calculate the profit gained by SIP investment and redemption? If I have to show the profit, which section of IT returns should I show it? Do I get any exemption?
Thank you
Regards
Sachin
Capital gain will b attracted.
For further clarifications Plz contact cashrutigoyal127@gmail.com
