D
Dhiraj
Dear madam/sir
im working online on international websites(company) as a service provider and they payout (USD/INR conversion) directly to my indian bank account.
so my question is
1.which ITR and in which category i need to file during tax filling
2. do i need to register for gst (I dont have any buissness and worked independantly from my home & im resident of india)
thank you
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Hello,
1. ITR-4 can be filed. You can use Sec. 44AD / 44ADA as per the nature of your services.
2. GST Registration would be required in case your total receipts in a F.Y. exceeds Rs. 20 Lakhs limit. However, since it can be considered export of services, subject to conditions, no tax would be required to be paid under LUT.
I hope that this answer satisfies your requirements. For any query, please feel free to contact us at badlaniassociates at Gmail.
Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5
thank you for your kind information... i have little concern that do i need to register for gst first to get LUT or without gst i get LUT
THANKS
LUT can be applied only after registration.
Also, after GST registration, regular compliances would be required.
THANK YOU
T&C applyR
Raghuvirsinh U.Vaghela
I sale gifted residential property in 3000000 rs. How many tax pay for it?
Hello,
Question is not clear. Kindly elaborate.
For any query, please feel free to contact us at badlaniassociates at Gmail.
Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5
P
Piyush Yadav
Sir/Mam,
My employer gave me the facility of purchasing a Laptop for official purposes. The laptop had to be bought in company's name and company would pay me for the cost of the laptop. Life of the laptop would be 3 years and at the end of 3 years from the date of purchase, the laptop shall have to be purchased by the employee (in this case, me) at the book value computing depreciation at applicable rate as per The Companies Act, 2013.
However, I resigned from the organisation before the completion of 3 years from purchase date. In such a scenario, the rule states that employee has to compulsorily buy back the laptop at original purchase price.
The original cost of laptop was Rs. 76,000/- (64,407 + 11,593 GST). So, I paid the entire amount back to the employer, including GST. However, now the company is charging extra amount for GST recovery, over and above Rs. 76,000/-. Is this legal? I have already paid the amount inclusive of GST, how can there be additional GST recovery on this amount? Kindly advise
A
Anand Ratna Maurya
I have form 16 and TDS amount reflected in 26AS for AY 2022-2023, 31 March is last date of filing ITR for FY 2021-2022 so Can I file ITR of AY 2022-2023 in first week of April 2022?
As soon as the utility for filing the return available on Income tax portal, ITR can be filed .. Normally it is being available in May. For more info reach us @ www.tarunguptaca.com .
Yes
T&C applyG
Gagan Saini
I have submitted my IT return in September, but it is still under process to date... Is this something to worry about?
Once you have filed and verified your income tax return (ITR), then the next step is to wait for the tax department to process it. Effective from April 1, 2021, that intimation notice must be issued within 9 months from the end of the financial year in which ITR is filed. For more info reach us @ www.tarunguptaca.com
No
T&C apply
