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Question & Answer


M

Mukesh Bagul

21 Mar 2018

HI I have sold my old house for 32lacs, which I purchased 7 years back. I know we can avoid but I dont know what amount needs to be reinvested

Replies (1)                          

CA Rahul Agarwal       21 Mar 2018

Hello Mukesh, you can book a service in finaco or call me in 7259165604 to help you with the transaction..

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A

Aravind Radhakrishnan

20 Mar 2018

Good day people, it would be great if someone could help me with ideas. I am a Marine Engineer and I have been working for a British company for the past 10 years. I normally work onboard ship for 5 to 6 months and take a vacation of around 4 months. I have never filed IT returns before (as I maintain my NRI days), I do not have any earnings in India. Very recently I got a post to my home address from Income Tax Department and the letter says " return of income u/s 139(1) of the I.T. act - Non Furnishing of return of income for the A.Ys 2016 - 2017 and 2017 - 2018." It also says that if there is a earning in India which is above 2,50,000 rupees then returns to be filed. The last date for filing is 31st March to save yourself from consequences. Should I start filing Nil returns? I am even ready to send the exact letter which I received from IT department via watsapp if someone could give me the contact details. I am very much confused and any help regarding the above is highly appreciable. Thank you in advance.
Best Regards,
ARAVIND

Replies (1)                          

CA Yash Jain       21 Mar 2018

Do send the details on +91-9980725175

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A

Arfat Anis

13 Mar 2018

I have GST registration in Uttar Pradesh. I want to import a construction material at Nhava Sheva Port, Maharashtra and supply it to a customer in Pune. A clearing and forwarding agent will clear the goods at the port on my behalf and transport it to my customer for an agreed amount. I will pay the IGST at the port on the value of the goods. I want to charge my customer 2 components separately which is cost of goods and delivery charges. I want to add my profit margin on the cost of the goods and collect GST on that from my customer. However I want to charge my customers a proportional amount separately without additional GST for the charge paid by me to the clearing and forwarding agent. Is this correct and allowed to invoice the customer is this way or not.

Replies (2)                          

CA Amit S       13 Mar 2018

Place of supply is important and GST will apply. You can recover and invoice with the statute apllied on it.

CA Raghavendra Raghuvanshi       14 Mar 2018

charges paid to clearing and forwarding agent is also part of cost of goods delivery charges means freight paid for delivery of goods then you show seprately...

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V

Vsrmurthy Vendra Vendra

11 Mar 2018

Can a tax consultant income be shown under 44ADA. It does not come under Sec 44AA. Can I show the income of a RMP DOCTOR who is not MBBS, income of homeopathy doctor, income of a purohith or private poojari under 44ADA. please clarify immediately.

Replies (2)                          

CA Amit S       13 Mar 2018

Professionals who can make use of this section are from the legal, medical, engineering, architectural, accountancy, tech consultancy, and interior decoration
These may not have technical certificate so please examine.

CA Rahul Agarwal       13 Mar 2018

Hello , professional services mentioned under the act is wide and not very specific it doesnt mention clearly the requirement of technical expertise.

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S

Sakshi Khandelwal

9 Mar 2018

Can i link my Aadhar and pan if my Aadhar has my married name and pan card old name. Please advise

Replies (2)                          

CA Rahul Agarwal       9 Mar 2018

It depends what details are submitted when making the adhaar, IT site will ask you all the details and send to UIDAI for verification, its verified with matching details it will be linked irrespective of different name.

CA Amit S       13 Mar 2018

You have to apply for change of name

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