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Shivam Raghuwanshi
I got whole salary of 2018-19 in 2019-20. Tax return of this amount is filed separately or with 2019-20?
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Well, Mr Shivam you would be required to include salary of FY 18-19 in your tax return which is to be filed by due date of 31 July, 2019,irrespective of the fact that salary is received in 19-20.
You need to file separate salary and when you file salary for 2019-20 you need to claim relief of such salary.
If you need any further assistance you can contact me at canamanmaloo@gmail.com
Y
Yusuf
Dear sir/madam
As per government policy there is no need to have gst if there is turnover below 40lac as i am planning to start my own business for this i have to purchased a finished material from other state other than my business place state still there is no need to have gst so please provide me details for turnover less than 40lac ,can i start my business without gst and purchase stock from other wholesalers from outside or from my own state/place
Looking for an early response
Yes you can surely do that but you won't be able to claim input credit of GST charged by your supplier.
If you need any further assistance in any tax matters feel free to contact me at canamanmaloo@gmail.com
Surely, Mr Yusuf you can procure goods from outside of your home state without being required to get registered under GST.
However, you would not be eligible for ITC on goods purchased and also you cannot make any sales outside of your state.
For further clarification mail me at vmassociates2017@yahoo.com
Thanx for reply ,but how can i prove that my annual turnover is less than 40lac and in whose name should i purchase goods as i dont have any gst ,supplier ask me to in what name should they make a bill for me if i open current account without gst with any of my firm name than should i have to file return without any gst
T&C applyK
Karthik S
My mother had purchased asian paints stocks in 1990s. She had transferred 400 shares to me in Dec, 2017. Now I want to sell these shares for Rs. 1400. How is the long term capital gains calculated on this?
Same way you need to check its FMV on 31.1.18 with original cost and then find capital gain. The calculation has been explained in section 112A. if you want i can guide you in calculating same you can mail me at canamanmaloo@gmail.com
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Karthik S
My mother had purchased asian paints stocks in 1990s. Now she wants to sell 150 shares at the rate of 1400. How is the long term capital gains calculated on this?
You need to find its value for 31.1 and take it as cost and then find capital gain and if the gain is above 100000 then only it will be taxed.
If you need any assistance you can mail me at canamanmaloo@gmail.com
Thank you sir
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Ajit
Is EPS pension eligible for standard deduction benefit? If yes, who is to be shown as employer?
