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Question & Answer


G

Gundeep Singh

9 Apr 2020

I would request you to let me know how to calculate the goodwill value per share in a private limited company for the exiting shareholder

Replies (1)                          

CA Kantha Manjegowda       10 Apr 2020

relative valuation / goodwill formula unless agreed, it is better to valuation of shares under dsicounted cash flow method..

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M

Maddipoti Ganesh

8 Apr 2020

I want to take business loan to startup my own business

Replies (1)                          

CA Kantha Manjegowda       10 Apr 2020

approach bank, there is CGTSME scheme under which you get upto 2 crore without colateral, again depend upon promtoer and business..
please note all new companies are not startups..

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N

Narendra

7 Apr 2020

I want to know how do i put cash back in my app like 5% or 10%

Replies (1)                          

CA Arti Jain       7 Apr 2020

Following is how to calculate cash back
Cash Back = Amount * Cash Back Percentage
Example
If your cash back percentage is 2% and your amount Rs2000 , you will get

Cash Back Amount = 2000 * 0.02 = Rs 40.
If you need any information then please ask the same.

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R

Ritesh B Gvalani

6 Apr 2020

HI i have been Investing Rs 2000 per month on an ELSS mutual fund since 2008 and the value is approx 450000 now.. I wish to redeem the free units now.. i just want to understand what would be the LTCG charged in this situation.

Replies (1)                          

CA Arti Jain       6 Apr 2020

Hi can you share me details of date of purchase ELSS and amount of purchase. Are u investing monthly Rs 2000? Because there are 2 gains long term capital and short term capital gain. if u ll send me data then i ll inform u the gain amount.

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R

Rohit Mane

2 Apr 2020

Sir I want to refund my income tax return.My assessment year is 2020-21 on form26AS,when shall I apply for refund?

Replies (7)                          

CA Rakshit Jain       2 Apr 2020

First you have file the income tax return. So have you filed your income tax return? if yes then have you mentioned there correct bank details as the refund is directly credited to your bank account mentioned in the return. Some more details have to be seen. Contant me for more reference @ 9587334442

CA Naman Maloo       2 Apr 2020

If you need assistance in filing your return of income feel free to contact me at canamanmaloo@gmail.com.
However forms are not available till now to file return of income

ANOOP SHRIVASTAVA AND ASSOCIATES       2 Apr 2020

you can claim your refund for A.Y. 2020-21 by filing your income tax return. However, refund of income tax shall be subject to your nature of income and other relevant details of your income, investment etc.

CA Murugesan Ashok       2 Apr 2020

Sir if you want to file your return it depends on the availability of the ITR Forms. So you need to clearly say the nature of the Income and whether that tax on that income is less than the TDS deducted. Then only you will get refund

CA Amit S       5 Apr 2020

There is no separate procedure as such in order to claim an income tax refund due to you. You can claim tax refund by simply filing the return of income in the usual manner. Ensure your return is electronically verified through aadhar number otp, EVC generated through bank account or physically verified by posting the signed ITR-V (acknowledgement) to Centralised Processing Centre (CPC) within 120 days of filing the return.

CA Amit S       5 Apr 2020

There is no separate procedure as such in order to claim an income tax refund due to you. You can claim tax refund by simply filing the return of income in the usual manner. Ensure your return is electronically verified through aadhar number otp, EVC generated through bank account or physically verified by posting the signed ITR-V (acknowledgement) to Centralised Processing Centre (CPC) within 120 days of filing the return.

CA Arti Jain       6 Apr 2020

You are to file the return after 31.03.2020. what type income do u have?

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