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Shoheb Ali Bhutto
I m taking distributorship of packaged drinking water bottles.
So want to know which licence is to be taken for starting the firm for distributorship other than GST.
Kindly guide me is sny other license required to be registered other than gst.
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1.Fssai License
2.BIS Certification Mark to manufacture/sell/exhibit packaged driniking water.
3.Packaging and labelling act
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Ryan
Is pan number required in provitional balance sheet?
No, if that is for bank loan purpose, then PAN is not required.
CA Jaya Agarwal 6 Apr 2021No, but if they want computation, then it is required. For more details contact 7667559772
T&C applyM
Maya
Hello, I do not want to disclose my account balance to my CA, so is a bank statement required for filling income tax or just an interest certificate for the year is enough ?
You can give the interest component of saving bank account to your CA. For more information you can connect with us at ca.pujasharma@outlook.com
CA Jaya Agarwal 6 Apr 2021Interest certificate with bank details is enough, if there is no business income
CA Jaya Agarwal 6 Apr 2021For more details contact 7667559772
T&C applyN
Nandkumar
Hi, I am trying to make a payment of TDS against a property payment, through form 26 qb. However, on page no 3, when I enter the correct TDS amount @0.75%, I am getting an error saying my TDS amount is incorrect. Please guide on this.
The TDS rate of 0.75% was only applicable upto 31st March 2021. Please see the date.
CA Jaya Agarwal 6 Apr 2021Rate of TDS of 0.75% if purchase date is between 14may 20 to 31st mar 21. otherwise 1% is applicable. Put PAN of seller, then check rate as quoted above. For more details contact 7667559772
T&C applyI
Ishan Choudhary
My mother is 67 years old. She has been a house wife all her life and has never filed any returns or anything to do with taxes. She has an active pan card. Back in 1988, she purchased our current home in Kandivli, Mumbai for around ₹40000. Now after 33 years, she is looking to sell this property for around ₹1.25 crores as per market value in our area. Will she have to pay any tax? If yes, how much? Will she be able to receive the amount in her normal savings account or will she have to open a special account of some sort for the same?
Capital gain to be calculated after indexation of the purchase cost plus cost of renovation..Will guide in computing gain and how to save tax.. Kindly contact at +9911744028.
CA Puja Sharma 2 Apr 2021she will have to pay capital gain tax on it. If she invests the proceeds in new house then she can save the tax. For more information you can connect with us at ca.pujasharma@outlook.com
No special account required. In you case capital gain will be 1.25 crore minus cost. cost will be market value( as on 01.04.2001)x301
For more information contact 7667559772
Yes she might have to pay tax.
How much would depend on the valuation.
I would request to first get value of house for 01.04.01 and then calculate capital gain.
If you need any assistance click here:https://www.taxontips.com/tax-notice-personal-consultation/
