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Pankaj Sonj
I have total taxable income of 4,95k and Long Term Capital Gain of 85k. My salary should get tax rebate u/s 87A and LTCG < 1 lac is tax free. But I am getting a tax of 12200 on my salary. Why?
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Normally you will not get taxliability.Are you using software for computation? Please check the features.
CA Gourav Agrawal 22 Jul 2022contact-8327702328 for solution
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Lalith
I have paid advance tax under 2021 assessment year and have received demand notice in current year 2022. Should I go ahead and file 2021 returns to receive amount back and pay for the 2022 again.
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Gaurav Vij
As per recent notification from GST, the hotels are required to charge 12% if the room rent is less than 1000 per day.
https://www.cnbctv18.com/economy/gst-council-meet-hotel-rooms-below-rs-1000-per-day-to-attract-12-percent-tax-13971862.htm
For Hostels & PGs for Students, and Working Professionals, we would like to clarify the following scenarios.
We take properties on Lease from the owners, and then run them as hostels under our own brand. Properties can be Residential or Commercial.
Scenario 1 - In case, we bill directly to Students or Working professional. Property type - Residential a. Does this apply to Hostels as well? b. What HSN/SAC code to be used for Rental invoices Scenario 2 - In case, we bill directly to Students or Working professional. Property type - Commercial a. Does this apply to Hostels as well? b. What HSN/SAC code to be used for Rental invoices Scenario.
3 - In case, we bill directly to Private Limited companies who pay for their employees. Property type - Residential a. What GST percentage we need to charge to the companies 12% or 18%. b. Will this be exempt in this case? c. What will be HSN/SAC code to be used.
Scenario 4 - In case, we bill directly to Private Limited companies who pay for their employees. Property type - Commercial a. What GST percentage we need to charge to the companies 12% or 18%. b. Will this be exempt in this case? c. What will be HSN/SAC code to be used. I would request your expert thoughts and directions on above scenarios
A
Anamika Shree
Hi , Want to ask if the outstanding demand of rs from 2010 , what should we do to ignore it
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Akshay Deepak
Life insurance policy. premium 2 lakhs, sum assurred 20 lakhs. in 7th year i am unable to pay the premium and it is converted to a paid up policy with reduced assured sum of 12 lakhs. i surrender the policy after this and TDS is deducted saying assurred sum of 12 lakhs is less than 10 times the premium value. but while I paid the premium the assurred sum was 10 times the premium and in the 7th year i did not pay any premium. so the assurred sum is always 10 times or more of the premium paid, hence, tax should not be deducted.
