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Vinayak
Hello. I am software consultant. In the Financial Year 2021-22, I earned Rs 33 lakhs working for a US based company and got paid via wire transfer. I also earned Rs 16 Lakhs working for an Indian company. But due to ignorance, I did not register for GST last year. What can I do to rectify this ? Please help.
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You will need to register with GST as first action and then you need to mention the commencement date in registration. You wil get 20 lakhs as exemption, the amount above 20 lakhs you will have to pay GST.
T&C applyM
Manu Ahuja
Hello, in crypto if i make 1000rs profit and 1000rs loss in the same financial year do i have to pay tax because the net earning here is 0 for the financial year.
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Kiran Shendge
Hi,
I have 18 LPA fixed income but I want to reduce a Tax Deduction of every month. Can you please suggest me some investments
You can connect with me at ca.pujasharma@outlook.com for consultation related to Income Tax planning.
CA Roomi Gupta 11 May 2022There are multiple provisions by which you can lower your taxable income. For example, under section 80C you can save Rs 1.5 lakhs annually. 80C investments include FD, Equity Linked Savings Scheme, Insurance policies, etc. Also, there are a bunch of other deductions under Section 80 such as 80D, 80E, 80GG, 80U etc.
For more details about Tax Planning connect me @ www.tarunguptaca.com or 9216216819
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Deepak Kumar
1996 mai humne ek land buy ki or uski payment 230000 ki .land power of attorney par buy ki or us time hum kisi wajh se uski registration nahi kar paya ab 2022 mai hum uski registry karna chahte h lekin wahi landlord keh rahe unhe capital gain tax padega pls guide kare kya padega unhe jabki hum unko cash 230000 ,1996 mai de chuke h abhi koi cash unko nahi de rahe h
Yes, the seller will be required to pay capital gain tax to give legal effect to the sale of the property.
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Sukant Kumar
Between "Special Allowance" and "Residual Choice Pay" , which is better from tax liability point of view ?
In my opinion residual chopice pay is better because it includes HRA, LTA etc. Special allowance does not not include HRA, LTA, Mobile reimbursement etc.
For Income Tax consulattion, you can connect with me at ca.pujasharma@outlook.com
