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Rajesh Ghatak
I have a sole proprietorship firm, I am dealing with foreign clients, My turnover is below 20 lac and my business is in online marketing and web development, do I need gst no to run my business?
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As such not required unless you want to avail benefit of ITC refund.
CA Naman Maloo 3 Jan 2021As of now you don't need GST.
To book consultation you can do that at: https://www.taxontips.com/tax-notice-personal-consultation/
M
Monu
I took food coupon from employer and in form 26 it mentioned but not in any exempt section. Where should I add the same
M
Monu
In ITR page it’s not mentioned clearly i.e. relevant previous year but whether financial or assessment?
Query is what is the criteria for calculating senior citizen age
Its Assessment Year. You will check the senior citizen status as on the end date of the Financial Year.
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Rohit Vijjapu
I have an engagement offer as a consultant for 4 months. They have offered 2,00,000 per month for 48 hours/ week
1. What would be tax per month?
2. How can I raise an invoice after each month?
Hi Sir, you can connect on 7045760379. Will be able to guide you on this since I am working as a consultant with a couple of companies
CA Puja Sharma 17 Dec 2020Your taxation will depend upon the total income earned by you in the Financial Year. If the client will be paying you as a professional then they will deduct TDS u/s 194J @ 7.5%(till 31.03.2021) and apy teh rest amount to you.
If the client is paying you as a salary then the TDS will depend upon the slab rate applicable upon you. For tax planning you can connect with us ca.pujasharma@outlook.com or +91 94615 28592
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Sampath
Hi.
I have a doubt regarding my gross qnual income. ii am an emplyee working with a private company. if annual gross salary is 750000. and i have profits from shrt tem capital gains 100000 and losses in intra day shares -16000 and losses from business/ options trading is - 145000 then what will be my gross annual income??
Your gross income will be 7.5 Lakh+(1 Lakh-1.45 Lakh) = 7.50 Lakhs. Speculative loss of Rs. 16000 will be carried forward along with business loss of Rs. 45000. For Income Tax filing you can connect with us ca.pujasharma@outlook.com or +91 94615 28592
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