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Question & Answer


M

Mavis

19 Jan 2021

I am Bangalore office based employee and from March 2020 onwards I am staying at my native and paying rent here to my father. I have the agreement and rent receipts as well. Can I submit this for tax exemption even though I am paying in a city other than my workplace and paying to Father.

Replies (1)                          

CA Puja Sharma       25 Jan 2021

Yes you can claim HRA

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R

Ravi

18 Jan 2021

Can i claim HRA, if the rental agreement is in father name and father is living in rental agrreement. Also, rent agrrement has my name as will be staying with them

No Reply  


M

Mohd Anas Ansari

17 Jan 2021

I want to sell online products and I have required a Gstin. But I am not able to turn over above 20lakhs so that what should I do.

Replies (2)                          

CA Naman Maloo       17 Jan 2021

If you wish to do online business GST registration is must.
You can get your answer here: https://www.taxontips.com/category-goods-services-tax-gst-registration/

CA Puja Sharma       27 Jan 2021

GST registration is compulsory for online-sellers. For GST registration please connect with us at https://pujasharma.associates/contact-us

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S

Srilatha Padala

17 Jan 2021

I filed ITR in my previous company in May, In July I joined in new company do I need to submit tax proofs now and file ITR again?

Replies (1)                          

CA Puja Sharma       27 Jan 2021

ITR is file on the basis of the entire income earned during a Financial Year. While ITR for FY 2020-21, you will have to report all you income earned during the period 01.04.2020 to 31.03.2021. For more information please connect with us at https://pujasharma.associates/contact-us

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L

Lakhan

16 Jan 2021

I am a resident of India. I am earning about Rs2000 per month by selling and buying delivery shares from Bombay Stock Market. I am earning Short Term Capital Gain , so I need to pay 15% income tax on earning? or I am exempted from it because my earning is below 2.5 lakh per yaer.

Replies (3)                          

CA Ram K       17 Jan 2021

No Need to pay..

CA Naman Maloo       17 Jan 2021

If income is below 2.5 lakh no need to pay any tax

CA Puja Sharma       27 Jan 2021

No need to pay tax if total income is upto Rs. 2.5 Lacs

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