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Sudhanshu Joshi
My father wants to sell his house and want to distribute the amount equally to all his 5 childrens. How much tax will be charged
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This information is not enough to go through the case. For professional help, kindly connect with us at 9216216819 or www.tarunguptaca.com
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Amit Arora
I am eligble for e invoicing should i make e invoice bill for less than 50000 amount for b2c customer
E-invoicing applies only to B2B invoices and not B2C invoices. Thus, B2B invoices require both e-way bills and e-invoices, whereas B2C invoices only require e-way bills to be generated (wherever e-way bill is applicable).
For more information, kindly connect with us at 9218516819 or www.tarunguptaca.com
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Suraj
LET ME HONEST WITH YOU, I AM DOING A DAILY TRANSITION OF 1 LAKH FROM MY BANK ACCOUNT DEBIT CARD TO SOMEONE'S PAYTM WALLET OR TO MY OWN WALLET AND TAKES MY SAME MONEY AGAIN IN MY BANK ACCOUNT AND REPEAT THIS PROCESS DAILY. I AM DOING THIS BECAUSE I GET 1% CASHBACK ON MY CARD FOR DOING TRANSITION. WILL THIS ACTION OF MINE CAN CAUSE TROUBLE TO ME FROM INCOME TAX DEPARTMENT
You might get a notice depending on what is your income.
You can understand more here: https://www.youtube.com/watch?v=ks_mnMfVipI
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Nitin Singh
I am starting business of sales of E ricksaw. As per GST till RS 40 lacs sale we do not need GST registration. Should we take GST now or wait till sale of Rs 40 lacs as i dont know how much i will end by March 2024. Kindly guide
Dear Nitin,
No need to take registration immediately, you can wait and when it is about to reach 40 Lacs you can apply for GST. Please keep in mind some time GST reg. gets immediately & some time it may take a month. so you can apply for reg. accordingly.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
Hi, You are correct that till Rs. 40 Lacs GST registration is not required. However, in case you are purchasing raw materials or other items for your business on which GST is charged by your supplier, then you will be able to take credit of the GST charged on that invoice only if you have GST registration. Hence it is advisable to obtaing GST registration if GST would be included in the purchases to be made for your business.
For more information, kindly connect with us at +91-9911744028 or deepakkucheria@gmail.com
I think you should take GST registration as you can take GST credit and that could reduce your cost. Also, if you are dealing with business they might need GST credit. For GST consultation click here: https://www.taxontips.com/gst-consultation/
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Deepak
I am buying a property. Seller is NRI. They have given me NRE account to transfer the advance. Can i do that or is it not allowed
To transfer the money in NRE a/c , TDS is to be deducted & Form 15 CA & 15 CB is to be submitted before transfer. For professional help, can reach us @ www.tarunguptaca.com or call at 9216216819.
CA Naman Maloo 26 Mar 2023I think that is not advisable you should transfer in NRO account. As you would be required to even file 15CA and 15CB. For consultation click here: https://www.taxontips.com/tax-notice-personal-consultation/
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