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Ajju
I have to submit form 12b in my new company. But I have a doubt that what I have to fill in colomn 16 in annexure of form 12B? Please guide me
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Do take a consultancy from Finaco !, Experts would help you in it.
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Mehul
I had bought an apartment in pre-launch in 2013 for a price 93 Lac.. And I took a loan also for it in 2014... I had to pay as per the builder schedule of completion.. So over the next 4 years I paid ~45-50 Lac on my own & rest via bank loan.. I didn't register the property & sold it to someone for 1.05 Cr last month.. Technically I made a 2-3 LAc loss only considering interest I paid on the loan for the time.. The seller has cut 1% TDS and paid me the money.. I shouldn't have any tax implications due to this right ?
Although a calculation needs to done, but grossly looks like no tax needs to paid, further you can claim that TDS in your IT returns
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Sangram
My parents took a huge house and industrial loan and couldn't pay off. Now they are facing npa nad their bank accounts are sealed. Bank is planning foreclosure on mortgaged land.But We have located a buyer and my parents are asking my account details to transfer such a huge amount as their accounts are sealed. My annual income is only 3 lpa. Will there be any problem for me due to this sudden huge transaction?
No Problem, Ensure all the Documentation is proper and accurate and trail of transaction is on paper.
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Ayush Agrawal
I am a beginner in Shopify drop shipping. Do I need to register my domain/company immediately to income tax department (government) or I don't need to register it?Do I need to pay taxes and GST if I am Indian and buying through AliExpress and selling it to US/UK... ?
1.In order to Export goods from India you require IEC (Import export code), hence you would be required to get registered.
2.on Export there are various refund ,MEIS Schemes which would be available to you.
I am not exporting the products from Indian. Then?
CA Yash Jain 27 Nov 2018Depends on your organisation structure, place of registration etc
Ayush Agrawal 27 Nov 2018Ok ! Thanks
But do I need to register my online store to Income tax department/ govt. immediately or I can do it once my Store starts earning profits?
You can start the same in sole proprietorship (where no registration is required) your personal pan becomes the business pan ... GST can be taken once threshold is crossed (or when you want to claim refund of Input tax credit)
Ayush Agrawal 27 Nov 2018Ok !
Suppose if I am getting my revenue in PayPal account and in USD , then if I wish to transfer it in INR to my bank account then back will charge (currency conversion rates) something or not?
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Omer
If I had sold a property in the last financial year with no gains , is it necessary for me to deposit the money in a capital gain account
