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Question & Answer


A

Amul

9 Feb 2018

My Company Registration is under process and it will take 15 days more. We want to launch e-commerce site immediately. I would like to know that, can I launch my site now and update the company holding details of website later ?

Replies (3)                          

CA Chandan Shanbhogue       9 Feb 2018

Company registration can be completed in 1 day under ease of doing business. Therefore it is suggested to launch after incorporation. There are different rules for private companies and public companies and it is not clearer which company you would be incorporating.

Amul    10 Feb 2018

tht 1 day registration is just a joomla i hv already applied 7 days before aur still aiting for approval of name. if i launch my site today and later on i will include my site business under same company. how far it cn be ok. In any case i dont want to miss this date of launch.

CA Akash Agarwal       12 Feb 2018

Assuming if it is only launch and no commercial transaction involved you can do it, but doing commercial transactions on that website without an incorporated company is not advisable.

T&C apply


A

Arbind Jha

9 Feb 2018

What is procedure to get a trade licenece online in kolkata. is it possible to get a trade license at a location other than registered location

Replies (1)                          

CA Akash Agarwal       12 Feb 2018

You can visit website: www.kmcgov.in to understand about online trade license.
You can apply for trade license only for registered locations.

T&C apply


R

Ravi Panjwani

1 Feb 2018

Sub: TDS on sale of property.
We are the buyer and we have bought property through home loan. Date of payment of check is scheduled 3rd Feb. 2018.
What should be ideally the date of payment and date of deduction in Form 26QB.
Regards

Replies (1)                          

CA Rahul Khatuwala       1 Feb 2018

Date of payment: 3'rd Feb
Date of deduction: Date on which you paid TDS to government
Note that 26 QB must be done within 7 days from the end of the Feb month

T&C apply


M

Manu Mewari

30 Jan 2018

Hello, I had purchased a flat in July 2012 for 35 lakh rupees (plus approx 2 lakhs for stamp duty & registry). I had sold the flat in september 2017 for 49 lakh rupees. Do i have to invest whole profit in another property? Could you tell me if i do not want to buy a new property, how much tax i would have to pay as long term capital gain tax?

Replies (1)                          

CA Rahul Khatuwala       1 Feb 2018

1) You have to invest the gain amount (49-35 = 14)
2) Approx tax amount : 2.8 Lakhs

Full calculation can be shared on consultation !

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P

Prashanth Lalan

25 Jan 2018

What are the procedures to repatriate funds from an NRO Account to a Foreign Bank specifically when such funds are derived from a short term bitcoin trade in an Indian cryptocurrency exchange?

Replies (1)                          

CA Rahul Khatuwala       27 Jan 2018

Crypto currency trading income or sale proceeds is not recognized by RBI and FEMA till now.There is a committee formed by government to understand crypto currency post which a new law will be formed. So i believe that the procedure to repatriate money is not yet formed.

You may have to pay STCG tax if currency holding was less than a year.

However you may check with your bank if they are allowing to repatriate crypto income from NRO A/c.

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