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Question & Answer


A

Adil

30 Dec 2022

I incorporated my private limited company in 2019 and now want to open its Bank account in hdfc bank but bank requires challan receipt of Dir 12 form but my CA didn't filed Dir 12 form. What to do now?

No Reply  


P

Parth Mahida

29 Dec 2022

I live in a house own by my sister, How much rent I can pay her just to get tax exemption?
I live in a non-metro city. Actual rent for my house is about 10000.

No Reply  


G

Gaurav

28 Dec 2022

I have two shops which I will start renting. I am also a government employee with a gross salary of 13.2 L per annum. What are the additional tax amounts that I should pay when I start renting the shops. Is there any GST involved?

Replies (1)                          

CA K Narasimha Prakash       30 Dec 2022

If your rental income exceed Rs.20 lacs in a year GST is applicable.

T&C apply


A

Akshay Srivastava

27 Dec 2022

Actual investment amount in 80C is different from what I declared with the employer (at the start of FY). Can I just submit the proofs of the investments I did and tax would be re-calculated? Or do I need to re-declare?

Replies (1)                          

CA K Narasimha Prakash       30 Dec 2022

You need to re declare and submit proof

T&C apply


R

Rahul

27 Dec 2022

Let's say, I opened a current account using BRN number(no GST number) in any bank. Now, selling my service within states and my turnover is under 10 Lacs. Do I have to file GST/any corporate taxing other than my personal ITR filing? I do not have GSTIN as it is not required.

Replies (3)                          

CA Pushkar Agrawal       27 Dec 2022

not required to file GST return if you not have the ragistration in GST and not required to file any other return other than income tax return.

Rahul    29 Dec 2022

Thank you boss. You made my day.

CA K Narasimha Prakash       30 Dec 2022

The registration is requires if is exceeds Rs.20 lacs only

T&C apply