Question & Answer

Depreciation

Management can decide depreciation rate and whether to take depreciation or not

Wanna know about my Tax

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I am a salaried person at 30% tax slab. I had business losses(i.e. intraday trading 44 lacs in last 2 years), short term 4 lacs, long term 3 lacs in stock trading in FY 2019-20 & FY 2020-21. I am going to sell my home now in 55 lacs whose registration was done 8 months ago at 37 lacs(37 lacs including everything, registration amount, etc). How much of capital gain from home can be set of from losses in previous 2 years? Is there any way to save short term capital gain ? What is going to be capital tax amount?

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I sell Online course for Rs. 1180 ( 1000 rupees + 180 Rupees GST)

I have an affiliate named 'Raju'

I want to give 500 rupees as a gift to Raju whenever a customer pays 1180 rupees for my online course

For example, a person named 'Gopi' wants to purchase my online course thru Raju by contacting him on social media.

Raju asks to transfer 1180 rupees to him and Gopi gives 1180 rupees to him. Raju takes 500 rupees as his commission and transfers 680 rupees to my current account.

I will generate a taxable GST Invoice for Rs. 1180 for the end customer 'Gopi'. Is this legal process ?

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