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Taxans
Can a sole proprietorship firm owned by HUF do a software consultancy or software development business? If yes what should be nature or business or allowed type of goods and services that can be sold?
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Yes, the HUF can do the software consultancy business.
The rate of GST is 18% for all kinds of IT Software supply: services, products, collection on media, electronic download and temporary transfer of Intellectual Property (IP).
You can find out the applicable SAC code from the GST portal.
For GST consultations, you can connect with us at ca.pujasharma@outlook.com
V
Varun Singh
Hello in crypto tax do i have to pay 30% tax on previous year gain too ?
No, you are not required to pay tax on the gains earned before FY 2022-23
For IT-related consultation, you can connect with us at ca.pujasharma@outlook.com
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Chiranjiv Waghmare
I am individual imported goods from turkey and DHL is charging me 28% IGST stating that I am an individual. I want to know the IGST % for imported goods for individual
If you are a registered taxpayer under GST, then whatever the rate of GST charged by the clearing agent, you will get the entire ITC.
Further, the rate of IGST will depend upon the product you are importing.
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Chiranjiv Waghmare
I am individual imported goods from turkey and DHL is charging me 28% IGST stating that I am an individual. I want to know the IGST % for imported goods for individual
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Rahul Nair
Hi. I have a query. My father sold his property in Kerala. I am planning to buy a land in a project in bangalore.He wants to invest the amount he made on the property in the plot i am buying so as to avoid capital gain tax. Rest I will be financing with a loan. So in order to avoid the capital gains tax should he be made the joint owner or can he gift me the money without any tax implications because we are blood related? Are both ways possible?
He can gift you the property, but he will have to pay capital gain tax for that. However, the gift will be exempt from tax. And you can use the proceeds to buy the land.
For a detailed discussion, you can connect with us at ca.pujasharma@outlook.com
Dear Rahul,
As per my understanding capital gain exemption is not available on Investment in Land or plot. So your father has to pay LTCG/STCG on sale of residential Property. However Gift is exempt in your case.
Please note your Father's investment can be planned in a proper way to save capital gain for that some additional details & discussion required.
For Further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377.
