The total amount of pre-construction interest and interest on a housing loan that can be claimed in a year should not exceed Rs 2 lakh in any case. The deduction for this interest is allowed in 5 equal instalments starting from the year in which the house is purchased or the construction is completed. For more info contact at ca.roomi12@gmail.com or 9216216819.

If both earn income & that is deposited in the same account, in that case interest needs to be apportioned on the basis of amount of deposit to the account. For more info contact at ca.roomi12@gmail.com or 9216216819

Hi, Thanks for your reply. To clarify your question, I am the only earning person and my spouse it not working/earning.

It should be included in your income. However in certain circumstances it can be or pert of it can be considered as your spouse's income. For detail discussion you can reach us at ca.rahuldwivedi@gmail.com or 9004485377

Need to provide more detail about income for Tax calculation . For tax planning & investment portfolio management, contact us at ca.roomi12@gmail.com or 9216216819

No ITR for the AY 2020-21 cant file now. For more info contact us at ca.roomi12@gmail.com or 9216216819

You can pay rent to your parents if you are staying with your parents. This should be done by transferring the money (rent) to their bank account or pay via a cheque. This way you will be able to claim your HRA deduction properly. Since rent is paid to owners, the property must be owned by your parents. For more info contact at ca.roomi12@gmail.com or 9216216819

Yes, since you are registered under GST, you would be liable to charge GST from your customers and remit the GST payable to the Government. Return filing compliances would also be required.
I hope that this answer satisfies your requirements. For any query, feel free to write to me at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani

Yes after registration, you are supposed to charge GST from your customer and deposit the same with Govt. For GST compliance and more info can contact us at ca.roomi12@gmail.com or 9216216819

As you are registered under GST you have to charge GST on your invoices, collect it and deposit it to the government A/c. You should file necessary GST return. As you are not statutorily required GST registration, it is better to surrender the same otherwise have to comply with the GST rules. For further quesry you can reach me on ca.rahuldwivedi@gmail.com or 9004485377

Once you have GST registration you need to pay GST and file GST return as well whether or not the turnover is below turnover limit.

Dear Sir,

Since you have opted for registering under GST, you are now bound to comply with all the provisions, and if you have any supply which is taxable under GST, then you are law bound to pay taxes on the same, irrespective of the fact that your turnover is less than 20 Lakhs.
There are no specific facilities/ exemptions to persons voluntarily registered under GST.
Should you need any specific advise, please raise a new question.

Please advise in case of any other clarification.

Thanks & Regards,
CA Aditya Dhanuka.

Hi, for proper tax planning, a competent professional will need more information from you about your current financial position and goals. For a detailed discussion, you may get in touch with us at 9811 896 771

For salaried person there are not much scope available under the Act. However we can plan the same within the limitation of the Act and save Tax. For Detailed discussion you can reach us on ca.rahuldwivedi@gmail.com or 9004485377

For any query, feel free to write to me at badlaniassociates at Gmail.

To purchase or construct the house if you have taken any Housing Loan, deduction for Intt on Loan can be claimed . For more info contact at ca.roomi12@gmail.com or 9216216819

Hi, you need to get your income tax return filed by a competent professional. For more information, you may get in touch with us at 09811 967 71

To claim TDS refund you have to file ITR. For further guidance you can reach me at ca.rahuldwivedi@gmail.com or 9004485377

For any query, feel free to write to me at badlaniassociates at Gmail.

You have to file ITR to claim TDS refund . To claim refund of TDS deducted during the Financial Year 2020-21 ITR can be filed till 31st Sept, 2021. For more info contact at ca.roomi12@ gmail.com

Not require to deposit the tax if there is no Income from any source . You can make investment as per your investment plan .

Income Tax is based on Income earned, and one needs to discharge Tax Liability on basis of Slab tax rate. As you don't have any source of Income not need to pay the tax.

We need to first check type of capital gain and then only comment on same.
You can book consultation on https://www.taxontips.com/tax-notice-personal-consultation/
To discuss more

As per our opinion, the net consideration should be invested for buying new property instead of taking housing loan.

Please contact @ www.tarunguptaca.com