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Faisal Mukhtar
Hi there
I am starting a Dropshipping Business in India
My Target Audience will be my fellow Indians as well as Foreigners.
I will list the Products on My Website from a Supplier.
When an order will be placed, I will place an order to the supplier.
The supplier will directly ship the product to the customer.
I will not be taking any physical products myself.
The difference between my Price and Supplier’s Price will be my Profit.
The question I have is;
Do I need an Import-Export License?
How will I pay GST? Will it be applicable on the sale of services or just on the Income?
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Manish Pujare
I filed ITR for 2019-20 and I have been showing 3930. When continue to pay it and being redirected to bank net banking portal with charge classification as - Basic Tax, Surcharge, Edu Cess, Others, Penalty and Interest.
I am not sure what amount to put in to each of these category. Can you please help me?
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Deepinder
My mother is filling up ITR and after including all income from FD's and family pension the tax payable is 1.5lac, is there any way to reduce it, 80C is 1.5lac claimed.
Now there is no way as year as ended, we can only check the calculation and see if TDS has been properly claimed and deductions have been properly mentioned.
Next year she can avail Mediclaim or invest in national pension scheme if she is below 60 years.
If you need any assistance feel free to contact me at canamanmaloo@gmail.com
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Smitha
I have sold a stock listed in NASDAQ, USA. This is a restricted stock unit provided by the company and I have held the stocks for 2 years after vesting and I have a capital gain on a stock of 3.5lakhs. Could you please help me determine if it is short term or long term capital gain and what is the income tax rate applicable
If you have held stock for 2 years it's a long term capital gain as it will be covered under unlisted securities also TDS would have been deducted on same in USA.
If you need further assistance feel free to contact me at canamanmaloo@gmail.com
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Pranav Aggarwal
Hi, I am a student currently persuing engineering. I wanted to earn something for myself so I started selling my classmates and to the adjacents class with notes, projects etc with the price of 2rs per page and I my self used to get that material printed at 50p per page. I also used to write projects myself for 10rs per page. I by this practice of mine have earned approx 1 lakh this year. And I want to file ITR in income tax for my above income. Which ITR I should file and how to show my above income in the said ITR. Please help me out.
Fill ITR 1 and show it as income from other sources. As per income tax act you are not liable to file income tax return.
