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Raksha
I don't pay pay any tax and I'm not tax payer it is mandatory to link. adhaar card pan card if I fail.to link before 30th June 2023 after 1st July 2023 can I link it what will be the charges for it has government made any announcement about it pls answer my question
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It is still mandatory. Please link your aadhar and pan card. It is not a very tedious process. If you could spend 20 to 30 mins you can easily finish that work
T&C applyM
Mohit Anand
Hello, I am new and want to start selling through my home
but i dont have any turnover and gstin
So I want to sell cloths on flipkart so can i am able to start sell through home without gst?
I have heard that i cant register myself in gst if my business address will be a residential address. So I dont know how do I start selling though flipkart seller hub.
Can I regsiter myself in gst at a residential address?
Dear Mohit,
For selling goods through online portal like flipkart, Amazon GSt registration is mandatory.
You can get GST registration at residence address provided you have required adddress proof documents.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
www.drahulassociates.co.in
As you mentioned, for selling goods through online portals like Flipkart and Amazon in India, GST registration is generally mandatory.
To register for GST at a residential address, you will need to provide the required address proof documents as per the GST registration process. These documents may include proof of ownership or rental agreement of the residential premises, electricity bill, or other documents as specified by the GST authorities.
If you need further assistance or consultation regarding GST registration or any other related matters, you can reach out to me on 8171582583.
R
Raksha
We can link adhaar card and pan card after 30th June 2023 also what will be the charges for it after 30th June 2023 pls answer my question
Please ensure you have linked your PAN with your Aadhaar, or else your PAN card will be inoperative from 1st July 2023. Without your PAN, you cannot file your Income Tax Returns (ITRs), submit 15G/15H declarations for nil TDS, or get tax refunds.
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Usha Bhakuni
I am a freelancer and work with an international client, getting paid in USD but the amount comes in my account from an EOR platform called Deel. I provide consultancy services in the field of legal compliance in relation to employment laws, income tax laws, social security laws, and such. I develop content for my client in the form of a summary of these laws, which is put in a country profile on the client’s website. I work on their proprietary tool. I am not a lawyer. Last year (FY 2021-22, AY 2022-23), I filed an ITR-3 to take benefit of presumptive taxation u/s 44ADA (under the code 16013-Business and management consultancy Activities) as advised by an online platform, I showed 70% of my income as presumptive income. I do not maintain account books, my income is less than 20lacs p.a. I had paid around 2.30 lacs as advance tax for the year. So, my return came out to be around Rs. 1 lac after filing ITR. I also had capital gains from selling equity and mutual funds. I filed my ITR in July 2022, but my ITR has not been processed yet as of June 2023. Upon filing a grievance, I got the response that my ITR has been caught under Seek for Clarification and a notice for the same will be sent on my email ID. However, it has been more than 15 days since the response and I have not received any email. I checked on the online income tax portal under the e-proceedings also, there is nothing. So now I have two questions – 1. What should I do further with my last year’s ITR to get it processed? 2. How should I file my current ITR – with presumptive income or not? I am confused as to why the previous ITR got caught and if it will be repeated if I file the same this year as well?
Hi. Can you please send me the ITR that you have filed to ca.aishwariya@outlook.com. I will take a look and respond to this. Also please wait before filing your return for this year. Usually, the returns are held under Seek for clarification if the department is not satisfied with the information provided or if there is any inadequate information , or it may also be for clarification of claims. Also, keep checking your email and log in to income tax portal for any updates under e-proceeding
CA Aishwariya Rajagopal 14 Jun 2023Please reach out to me at +9642355275. We can sort this out.
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Aryan Rai
Hi this question is regarding Foreign Assets. I work at a company in India which is listed in US and I have some company shares. Till now I have listed all the shares I have in FA section of the form. This year I sold an ESPP lot as soon as it got vested(Quick Sell Option).
My first question is, do I show this in FA section and if yes how would that entry look like?
Example I have 10 shares and total purchase price was 85 and total selling price was 100. How would this entry look like in the FA Section under these columns.
Initial value of the investment Peak Balance During the Year Closing balance Total gross amount paid/credited with respect to the holding Total gross proceeds from sale or redemption of investment
Secondly, the tax for the 15% discount I got in ESPP purchase as an employee was already deducted from my salary. Do i need to show this in capital gains and if yes how do I show that tax is already paid?
On sale, the resident individuals are liable to pay capital gains tax. The difference between the sale price and fair market value on the exercise date is taxed as capital gains. Such gains would be taxed based on the holding period, short-term (24 months or less) or long-term (more than 24 months), calculated from the date of exercise to the date of sale.
Short-term gains are taxed at income tax slab rates, while long-term gains are taxed at 20% with indexation benefit (revising the acquisition cost after considering inflation).
