C
Chand Mohmmad
I want to start import business so I have to sent money abroad but govt put a rule that I have to pay tcs tex on all sending amount I want to ask to you how to do business without give this tcs because for me this is big because they are taking tex on all the sending amount
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Dear Chand Mohd. ,
To the best of my knowledge TCS is applicable when you make remittance under LRS and not on all remitances. For import of goods TCS is not applicable.
For further you can reach me us ca.rahuldwivedi@gmail.com or 9004485377
A
Ardhendu Dan
Dear sir/mam
I am unable to upload the filled in and validated ITR2 in the income tax new portal due to the following reason -
During upload, website indicates - (Maximum exemption under section 10 is Rs 20,00,000/= only). I had a Form 16 issued by my employer, where the exemption under section 10 is 23,29,104/=
THE EXEMPTION figures are also populated in income tax pre-filled data.
ITR2 is getting validated after filling up, but upload is not possible.
Is there any way out?
Thanks & regds
Ardhendu Dan
Contact - 9435120598
Dear Ardhendu,
Deduction under section 10 is allowed subject to ceiling. If you claim amount more than that it will not be allowed. However from the query it is not clear under which head you are claiming the deduction.
For Further Consultation you can reach us on ca.rahuldwivedi@gmail.com or 9004485377
K
Karan Vaja
Share market me options trading se kamaye peso pe koi tax lagta hai kya?
Dear Karan,
Future & Option (F&O) income is considered as business income and taxed accordingly. If you have only 1-2 transaction you can show it under capital gain. For details understaing you can read my published article on "F&O Turnover, Taxation, Audit & More" you can search it in google.
For Further Consultation you can reach me on ca.rahuldwivedi@gmail.com or 9004485377
K
Karan Vaja
Share market me options trading se kamaye peso pe koi tax lagta hai kya?
Hello,
Yes it is considered as Non Speculative Business Income.
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
K
Kirti
I run a newly formed proprietary firm, recently taken technical service cost INR 13000/- should i deduct TDS before making payment
Dear Kirti,
TDs will not be applicable in your case as your turnover is less than Tax Audit limit of 1 Cr.
For Further consultation (Income Tax/GST) you can reach me on ca.rahuldwivedi@gmail.com or 9004485377.
