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Question & Answer


B

Biswajit Senapati

1 Jul 2021

Which ITR form should i choose. I have salaried income as well as part time online business income where TDS is deducted.I also have Form 16 from both.

Replies (2)                          

CA Hunny Badlani       1 Jul 2021

Hello,
Depending upon the section under which TDS has been deducted on the online business income, ITR-4 can be filed.
It would be advisable to hire a practicing CA for proper preparation and filing of your income tax return.
I hope that this answer satisfies your requirements. For any query, feel free to write to me at badlaniassociates at Gmail.

CA Naman Maloo       4 Jul 2021

ITR 4 can be chosen.
If you need any assistance in filing ITR click here: https://www.taxontips.com/income-tax-return/

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A

Arghya

1 Jul 2021

Can I pay house rent to my parents and show that as HRA?

Replies (1)                          

CA Roomi Gupta       1 Jul 2021

You can pay rent to your parents if you are staying with your parents. This should be done by transferring the money (rent) to their bank account or pay via a cheque. This way you will be able to claim your HRA deduction properly. Since rent is paid to owners, the property must be owned by your parents. For more info contact at ca.roomi12@gmail.com or 9216216819

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R

Rohit

29 Jun 2021

Hi If I stay in foreign from April to August, my days are lesser than 183 days to be nri. Can I go on vacation that financial year to be 183 days out of India. Also April to August I was on permanent payroll in another country. And from September will be on permanent payroll in India.

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H

Harshal Mohan Pawar

29 Jun 2021

My Turnover is less than 20 Lacs and I have GST number. Am I supposed to pay GST? What facilities/exemption will I may get in this case?

Replies (5)                          

CA Hunny Badlani       29 Jun 2021

Yes, since you are registered under GST, you would be liable to charge GST from your customers and remit the GST payable to the Government. Return filing compliances would also be required.
I hope that this answer satisfies your requirements. For any query, feel free to write to me at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani

CA Roomi Gupta       29 Jun 2021

Yes after registration, you are supposed to charge GST from your customer and deposit the same with Govt. For GST compliance and more info can contact us at ca.roomi12@gmail.com or 9216216819

CA Rahul Dwivedi       29 Jun 2021

As you are registered under GST you have to charge GST on your invoices, collect it and deposit it to the government A/c. You should file necessary GST return. As you are not statutorily required GST registration, it is better to surrender the same otherwise have to comply with the GST rules. For further quesry you can reach me on ca.rahuldwivedi@gmail.com or 9004485377

CA Naman Maloo       4 Jul 2021

Once you have GST registration you need to pay GST and file GST return as well whether or not the turnover is below turnover limit.

CA Aditya Dhanuka       7 Jul 2021

Dear Sir,

Since you have opted for registering under GST, you are now bound to comply with all the provisions, and if you have any supply which is taxable under GST, then you are law bound to pay taxes on the same, irrespective of the fact that your turnover is less than 20 Lakhs.
There are no specific facilities/ exemptions to persons voluntarily registered under GST.
Should you need any specific advise, please raise a new question.

Please advise in case of any other clarification.

Thanks & Regards,
CA Aditya Dhanuka.

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S

Stuti Ghoshal

28 Jun 2021

I have just quit my job. I won't join anywhere else. Will I still have to pay taxes/make investments as per my old salary?

Replies (2)                          

CA Roomi Gupta       28 Jun 2021

Not require to deposit the tax if there is no Income from any source . You can make investment as per your investment plan .

CA Rahul Dwivedi       29 Jun 2021

Income Tax is based on Income earned, and one needs to discharge Tax Liability on basis of Slab tax rate. As you don't have any source of Income not need to pay the tax.

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