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Abhinay Kumar
Sir/Madam,
I have purchased syndicate bank shares under ESOP in april 2019 at rate of Rs 25.59 and at that time actual price of share was Rs 43. Now organisation is showing difference amt 17.41 as my income in perks and deducting tax on it. I have purchased 18500 shares and due to which bank showing my additional income as 3,22,000 /- due to which my tax is deducting at 20% rate.
In last financial year my total tax was Rs 5000/- and this year due to shares perks my total tax is showing as 60,000/-.
Now at this time share value is Rs 29. Please guide what to do as i have not earned anything from shares. Can take refund by showing actual price on 31st march.
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No you cant do that. Its your bad luck that the share prices dropped but in case of ESOP value of share is taken on take of allotment and amount not taken from you is shown as perquisite and you need to pay tax on same but there is a good thing that when you will sell the shares you can take cost price as 43.
If you need any further professional assistance feel free to contact me at canamanmaloo@gmail.com
No you need to claim refund on tax deducted. Tax will be levied if capital gain is realized not on deemed income. Once you realise the income by selling shares, then you can pay tax on that. for further clarity please contact me at acasairama@gmail,com or reach me at 9291318650
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Sumit Veerani
I AM STARTING ONLINE DROPSHIPPING BUSINESS...I WANT TO START AS SOLE PROPRIETERSHIP....AND GST REGISTRATION...WHAT DOCUMENTS I WILL NEED ??
NOTE-I DONT HAVE ANY OFFICE...I WILL WORK FROM HOME
Yes you can register GST business from your home but you need to first decide whether its a trading business or service.
If you want to take professional advice you can mail me at canamanmaloo@gmail.com
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Akshay
If I sell a property of appx. Rs. 10,00,000 (2001) at it's current market price: appx. Rs. 31,00,000; how much tax would be deducted (in illustrated numbers calculation please) if I choose not to invest in capital gains bonds or schemes?
Fair Value of Consideration = Rs. 31 lacs
Indexed cost of acquisition = Rs. 28.90 lacs
Long Term Capital Gain = FVC – Indexed COA
= Rs. 1.10 lacs
Capital Gain Tax = Rs. 1.10 x 20%
= Rs. 22000
Cess on CG tax = 22000 x 4%
= Rs. 880
Total CG Tax = Rs. 22880
Indexed COA = 10 lacs x 289 / 100
Assumed that property is house property, purchased in FY 2001-02 and sold in FY 2019-20.
If the assessee purchases a new residential house property using the capital gains, he can save on capital gains tax under section 54.
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Sakina
how revaluation accounting, incremental regulations applied on pharmaceutical industries under the US TJCA increased tax provisions, affected insurance reimbursements adding to pricing pressure and procurement costs, along with increased competition that affected the chosen organization valuations,
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Aman Jain
Sir/Madam can we make payment against a single invoice exceeding 10000 to a single person on different dates?
Your question is ambiguous. However, assuming that you're asking about cash payment, then yes you can pay on different dates for the same invoice, subject to conditions of sections 40A(3), 40A(3A), and 269ST.
