M
Meenakshi
I am an individual and i have employed 15 persons whose salary is 9000 per month. Can I make payment in cash and avail deduction of salary paid as business expenditure. Is EPF mandatory to be paid as i am not a company.
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Yes you can pay salary upto Rs. 10,000 in cash to an individual. For a more detailed discussion connect with us at ca.pujasharma@outlook.com
V
Vishnuprasad V
Iam an Indian resident. Can i trade derivative in us listed stock specifically long call on leaps(long-term equity anticipation securities) .
S
Sahil
Old or new tax regime. Which one to opt ?
The option to choose new or old regime will depend upon various factors like your salary straucture, deductions, other sources of income etc.
For detailed consultation, connect with us at ca.pujasharma@outlook.com
You can use this tool to compare.
Click on the link: https://www.taxontips.com/comparison-between-new-tax-regime-i-e-section-115bac-and-old-tax-regime-under-income-tax-income-head-wise-comparison/
A
Anil
If I rendered services from March 1 - March 31 2022. Raised invoice on April 2, 22, and received payment on Apr 15, 22. In which quarter and year should the GST be paid, submitted and accounted for. Thanks
Dear Anil,
You can raise invoice in April 2 and considered it Fy 2020-23 subject to certain condition.
For detailed consultation you can can reach us on ca.rahuldwivedi@gmail.com or 9004485377
Since you raised the invoice in April 2022, then you can pay the GST liability on it while filing a GST return for April 2022.
For more details, you can connect with us at ca.pujasharma@outlook.com
D
Dan
How to check better option for tax saving for new financial year. Shall I go with old Regime or shall I select New Regime. Package is more than between 20 - 30 LPA. Also there is no PAN number for Rented accommodation. Can someone suggest better.
Kindly connect with us at deepakkucheria@gmail.com. Will assist you in your Tax planning
CA Rahul Dwivedi 7 Apr 2022Dear Dan,
In salary package like your's , who utilises entire deduction of 80C and having mediclaim policy generally it is better to go with old regime. For detail understanding you can refer my article on tax guru "New Tax Rate for individual & HUFs- Who Should Opt?"
Read more at: https://taxguru.in/income-tax/tax-rate-individual-hufs-opt.html
For further consultation you can reach us on ca.rahuldwivedi@gmail.com or 9004485377
