V
Varun Singh
Hello, please answer , i invested 20000 in crypto last year but lost all of it only 2000rs left do i need to pay tax on it i am just a student and i am scared by seeing that people receiving notice of tax for the unreasonable amount.please answer
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You will have to pay tax only when you will sale your cryptos. There is a tax of 30% on the transfer of digital assets from 1st April 2022.
CA Rahul Dwivedi 27 Apr 2022Dear varun,
Tax is payable only when you earn profit from sale of crypto as no profit in your case so no tax liability.
for further consultation you can reach us on ca.rahuldwivedi@gmail.com or 9004485377
B
Bornali
I hv paid for a car purchase an amount of RS 7 lakh from my bank account via neft. So how much income tax I will be charged on this 7 lakh .
D
Dutta Sinha
If my income is NIL from salary in the financial year and STCG is less than 2.5lakh do i need to pay cagital gain tax on it if no other source of income for the financial year
Dear Dutta,
No tax liability in your case.
For further Consultation you can reach us on ca.rahuldwivedi@gmail.com or 9004485377.
No tax has to be paid in your case. For any assistance in return filing, you can connect with us at ca.pujasharma@outlook.com
T&C applyS
Standesh
iam a 41 yr old engineer from bangalore, who have invested my money in stocks (india, usa) and manage my mother's portfolio too. one of my friends is asking me if i can manage his money too. i was considering opening my own little llc kind of small company to use it for managing friends' and relatives money. i future i want to use this company to protect my own portfolio from taxes and also to get maximum deduction and save taxes . please advise what i need to do to make my portfolio into a small portfolio holdings company that would help save tax.
A
Arjun
What are the tax implications if I am getting paid to my indian bank account from an overseas employer for remote work? The amount is to the tune of USD 60,000 which is around Rs.45,68,000/- annually.
Article 16 will be applicable of DTAA between INDIA & USA in your case, for more further queries, contact : cayashchopra@gmail.com
CA Puja Sharma 21 Apr 2022Your Income will be taxable in India. DTAA provisions will apply. For IT-related consultation, you can connect with us at ca.pujasharma@outlook.com
CA Rahul Dwivedi 21 Apr 2022Dear Mr Arjun,
In simplified way, In your case entire entire salary amount is taxable in India and Tax liability will are as per applicable Slab.
In case if you gets Professional Fee/consultancy then GST registration will be mandatory. Definately for both the cases Income Tax liability will be as arise in India.
For Further consultation you can reach us on ca.rahuldwivedi@gmail.com or 9004485377
