Mo,Tu,We,Th,Fr,Sa
10:00 am - 7:00 pm
| ✔ Business Incorporation | ✔ Fund Raising (Debt / Equity) |
| ✔ Accounting / Book keeping | ✔ Company Auditing |
| ✔ Compliances | ✔ Direct Taxation |
| ✔ Indirect Taxation | ✔ Payroll Management |
| ✔ Govt.Registrations and Licenses | ✔ Corporate Registration & Verification |
| ✔ Corporate Legal Consulting | ✔ Business Tax Planning and Management |
| ✔ Financial Services / Funds Raising | ✔ Internal Audit |
| ✔ GST |
| ✔ |
P
Prasenjit Roy
I am working full time for a private firm. I have PF account there and my salary get credited after TDS deduction. Another company offering full time job with no PF account but salary will be paid after TDS deduction. So If I try to work for both company. is there way that one company can come to know about other company's employment(one company has PF account ,other company does not have PF whereas both deducting TDS)? is it legal to do in India?
Hi,
Legality of working under two employers depends upon the employment contract signed by you.Read that carefully.
Secondly, one employer won't come to know about the other employment unless you tell them.
Word of caution: Working under two employers without disclosing the fact to the other employer will result in higher tax liability due to impact of interest on income-tax.
For more information, please feel free to reach out to us at camehulagg@gmail.com or 9811896771
D
Darshak Dharod
Respected Sir/Madam, I have query regarding HRA component under tax. I am paying rent of 12000 per month to my landlord and this amount is more than 1 lakh per year due to which I have to provide PAN no. of my landlord while claiming HRA under tax. My concern is My landlord do not file ITR, So will it cause any problem to me ? Note : I am paying rent in cash as my landlord want rent in cash and I do get rent receipt for same from my landlord.
Awaiting for your response, Thanks in advance.
You won't face any problem in this case.
CA Rohit Jain 10 Sep 2021No problem in your case.
T&C applyH
Hita Prem
CAN A SOLE PROPRIETOR HAVE ANOTHER SOURCE OF INCOME THAT IS NOT LIABLE TO GST
P
Pavan
Just opened a Pvt ltd company before 6 months and gave bank statement recently it's 2 days late for filing Inc of compliance. How much fine should I pay for that
Hi, late filing fees for INC 20A is twice that of the normal fees, in your case, since the delay does not exceed 30 days. The normal fees depends upon the share capital of the company. For more information, please feel free to contact us on 9811896771 or camehulagg@gmail.com
T&C applyS
Somashekhar
My brother in law(wife's brother) has earned 2 crore through commission and received the amount after TDS deduction form a company account into his saving account. He wishes to provide me 1 crore. what is the process should we execute and gift deed? what are the implications of income tax.
Your brother in law should transfer the said amount in your wife's account. In such a case, income tax will not be applicable. No gift deed to be executed. For more information, please feel free to contact us on 9811896771 or camehulagg@gmail.com
CA Rohit Jain 10 Sep 2021Brother can gift any amount as gift to sister. Better to execute a gift deed as an documentary evidence. For more information, please feel free to contact on 9929511888
T&C applyO
Omkar Jadhav
I want deduction for medical expenditure but its doesnt showing on forum 16
Hi, you need to file your ITR wherein you can claim the said deduction. For more information, please feel free to contact camehulagg@gmail.com or 9811896771
CA Rohit Jain 10 Sep 2021You can claim it in ur ITR form. For more information, please feel free to contact 9929511888
T&C applyS
Saleem
I have a freelance software development job from Germany where they will be paying around 35lakhs for the year. Do I need to have a gst for freelance jobs. And how do i save tax for this.
Hello,
I they will be paying you as professional fees and not salary, GST Registration would be required.
Further, if the consideration would be in convertible foreign exchange, you can file LUT under GST and supply these services without payment of GST.
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 it would be required.
You can read this for more information: https://www.taxontips.com/gst-registration-for-freelancers-in-india/
If you need to have tax planning you can book consultation with experts at: https://www.taxontips.com/tax-notice-personal-consultation/
Hi, since you're involved in export of services, you can claim GST exemption. However, a GST registration and GST return filing will be required as per the provisions of the GST act. For more information, you may get in touch with us at +91 9811 896 771
CA Aditya Dhanuka 7 Jul 2021Dear Sir,
In reference to your query, please note that the requirement of GST registration and compliance is based on turnover.
In case of persons providing services, they need to register if their aggregate turnover exceeds Rs.20 lakh (for normal category states) and Rs.10 lakh (for special category states).
Since your aggregate turnover exceeds Rs. 20 Lakhs, you would be liable for registration under GST.
Your case seems to be fitting in and satisfying the criteria of export of service, and hence based on the information provided, you are hence not liable to pay GST.
However, this value would need to be included in computing your limit for registration, which is exceeding 20 Lakhs.
Therefore, though you would not be charging any GST, however you must take registration.
Please advise in case of any other clarification.
Thanks & Regards,
CA Aditya Dhanuka.
D
Deepak
My annual income is 10 lakhs. I am saving 1.5 lakhs in 80C, 50k in NPS and around 22000 in medical insurance. What else can I do to save tax. I already have a house and i am salaried person.
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
CA Rahul Dwivedi 28 Jun 2021For 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
CA Hunny Badlani 28 Jun 2021For any query, feel free to write to me at badlaniassociates at Gmail.
CA Roomi Gupta 28 Jun 2021To 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
T&C applyD
Deepak
I am working in a bank, and got 3 years pending arrears in FY21. Due to this my income surged fom 6 Lakhs per annum to 8 lakhs. How tax exemption can be made for that arrears? I haven't filed ITR before since my income was not in the tax bracket in FY18- FY20. Please help!
There is a provision in the income tax act for this particular situation. However, to avoid receiving an income tax notice, you need to get in touch with a competent professional to get your income tax return filed. For more information, you may get in touch with us at 098 1189 6771
CA Rahul Dwivedi 28 Jun 2021You can get relief for arrear salary while filing ITR. However it is technical matter and need expertise. For further guidance you can reach us ca.rahuldwivedi@gmail.com or 9004485377
CA Hunny Badlani 28 Jun 2021For any query, feel free to write to me at badlaniassociates at Gmail.
T&C applyR
Rache
How to claim a TDS return for my internship? The nature of payment being under 194J. The employer has provided me form 16A and I've verified form 26AS from my end.
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
CA Rahul Dwivedi 28 Jun 2021To claim TDS refund you have to file ITR. For further guidance you can reach me at ca.rahuldwivedi@gmail.com or 9004485377
CA Hunny Badlani 28 Jun 2021For any query, feel free to write to me at badlaniassociates at Gmail.
CA Roomi Gupta 28 Jun 2021You 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
T&C apply