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Question & Answer


A

Aamir

17 Mar 2021

I have recently started my work I'm a musician I have foreign clients from United States do I have to files taxes on that im only 19 years old I have never filed tax in my life need assistance please what to do

Replies (3)                          

CA Deepak Kucheria       18 Mar 2021

It depends upon the revenue and amount of profit. If it crosses the threshold then compliances under GST and Income Tax Law may trigger. For any assistance please call at +91-9911744028

CA Hunny Badlani       18 Mar 2021

Yes, if the net income amount crosses the basic exemption limit, you can would be required to file and pay tax. For further assistance, Kindly contact us at badlaniassociates at Gmail.

CA Naman Maloo       21 Mar 2021

You can book tax consultants online first to understand the tax implications and then decide for yourself.
You can book consultation at: https://www.taxontips.com/tax-notice-personal-consultation/

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S

Sandeep

16 Mar 2021

If my would be's father has a business in her daughter's name, will there be any tax implications after marriage?

Replies (1)                          

CA Puja Sharma       16 Mar 2021

The person who owns the business is liable to pay tax on the profits earned from it. For more information you can connect with us ca.pujasharma@outlook.com

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A

Aishwarya

15 Mar 2021

My mother is selling a plot and buying another one from the amount is she got. She wants to gift that plot to me. Is that possible?

Replies (2)                          

CA Puja Sharma       16 Mar 2021

Yes she can gift you a plot. But there will be capital gain implications in the hands of your mother when she will sold the old plot to buy a new one. For detailed consultation you connect with us at ca.pujasharma@outllook.com

CA Naman Maloo       21 Mar 2021

Yes it is possible.

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M

Meghana M

15 Mar 2021

Trust Invested in immovable property but That property is not register in their name yet. Payment and Other document are done for transfer of property. and now They got notice saying that they are not invested money for trust Objective

Replies (1)                          

CA Naman Maloo       21 Mar 2021

What was the trust objective?
You can book consultation with expert at: https://www.taxontips.com/tax-notice-personal-consultation/

T&C apply


S

Sougata Chowdhury

15 Mar 2021

My company has incorporated laat 25 th sept 2020, will i get relaxation of 180 additional days for filling commencement form 20A , as per govt announcement due to pandemic?

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