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Devesh Kumar
I am a coaching institute, if I purchased video lectures for 3 years to sell them then, these lectures are asset or expenditure to the compony?
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Hi it would be considered a current asset in your case. But if the amount is not material say, if the amount is less than 5000, please feel free to write it off as an expense
CA Vanshika Bhardwaj 9 Jun 2023Since you are running a coaching institute, these video lectures shall be treated as stock-in-trade viz. current assets and will be recorded in the company's balance sheet. After three years, post sale of these videos, you can recognise profit/loss in the company's income and expenditure account accordingly.
T&C applyR
Rajendra Mohan Pawar
I am getting two salaries in a month and i want file my ITR for home loan
Dear Rajendra,
We can assist you and do the required filing.
for further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
Dear Rajendra,
I can help you with filing your income tax return (ITR) for a home loan, considering that you receive two salaries in a month. Here's a concise response:
As an expert, I can assist you in filing your ITR for a home loan while considering your dual salary income. We will gather all the necessary information related to both salaries, calculate your total income, and identify the deductions available for your home loan, such as those under Section 24(b) for the interest paid. Additionally, we will help you claim any other eligible deductions to optimize your tax savings. Contact Me +918171582583
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CA Shubham Goyal 2 Jun 2023,
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Kaya
We're planning to buy a new home under a co - ownership (father and me/ my brother) and sale off an old home (which is under my fathers' name), now we're planning to invest it into the new home and rest by loan (by me/ or my brother) now can you tell me that what will be the tax implications in this case?
Dear Kaya,
The Tax implication depends on no of factor like your purchase price, Year of purchase, Year of sale, Indexed cost of Acquisition, the amount you wish to invest in new property etc.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
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Sagar S
Can i register opc company in Madhya pradesh and pvt ltd company in gujarat at the same time ?
Dear Sagar,
No issues you can do so.
for further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
Dear Sagar,
you can do so and for further consultation
you can contact us on 9910550324 or raahulsinghal1@gmail.com
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Nazim
What will be short term capital gains on Stocks if I dont have an active salary
stcg will be charged @15%
CA Rahul Dwivedi 29 May 2023Dear Nazim,
STCG is taxable@ 15%.
But tax liability can be NIL depending on other Income & quantum of STCG.
Please feel free to call for further consultation at ca.rahuldwivedi@gmail.com or 9004485377.
