M
Mayank Gupta
Is input tax credit applicable in trading goods. If i buy yarn and sell it to other businesses am i applicable to get itc on this?
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Yes
CA Puja Sharma 11 Jan 2021Yes, but for that ITC benefit you have to get yourself registered under GST. For more information you can connect with us at https://pujasharma.associates/contact-us
T&C applyS
Subhrajyoti Pal
Me and my wife are co-borrowers and co-applicants for property purchase of total consideration 85 Lakhs. Is TDS applicable if we both pay our own shares of 50-50 ? TDS then comes to less than 50 lakhs
There's controversy in that cases as many people say that 50% is of each person share whereas some say 50 lakh is the limit of per property.
I would go with second opinion
C
Chandra Shekhar
I have a TDS claim to submit for the AY 2015-16.
Since online I don't see any option, can you please guide me how I can fill it offline?
You have to claim it in the ITR,
For further queries call me on 9033732018
M
Manish
What is standard deduction under sec 16 (IA)
J
Jayant
Hi ,
I was NRI for 7 years and recently shifted back to India. During this 7 years I have NRI account to deposit salary received overseas and some how I have not closed my Indian saving account and neither converted to NRO. I have used that account for small transaction. As now I am back to India , I have closed NRI account and transfer all my saving to Indian Saving account. So how i will fill the ITR with this situation ? ( As my Indian income is less than tax slab , ITR will be filled as NIL)
Please connect on +91 9830375894/ canavinjain1@gmail.com
CA Puja Sharma 5 Jan 2021If your total income is less than the basic exemption limit of Rs. 2, 50,000 and you do not have any other source of income outside India then you are not required to file your IT Return in India.
CA Ankit Mehta 7 Jan 2021Bank Account transaction dont determine the filing of returns, as ur income is below tax slab as per your, u dont need to file return unless you have some TDS refund to be claimed..
For further assistance please call on 9033732018
