Signup


Signup


Signup

Question & Answer


K

Kate

11 Sep 2018

Hello, I would like to know if my long term capital gain from sale of residential property is invested in bank fixed deposit, will I be exempted from paying tax.

Replies (1)                          

CA Urvi Gandhi       19 Sep 2018

No. You need to invest funds in Bonds

T&C apply


R

Rajesh

9 Sep 2018

I’m Raj and my wife Geetha we both are staying in Oman for last 13 years, we both have Individual NRE accounts in SBI, we are planning to return to India permanently by Jan 2019,
We both have few fixed deposit in our Individual NRE accounts with SBI.
After returning to India, we both are planning to change the NRE account to Normal ROR account.
Now after returning India will the fixed deposit in each account will be treated as separate and the TDS and Tax will be detected separate
In other words will husband get 2.5 lakhs tax exemption and wife will get 2.5 lakhs tax exemption from the above ROR accounts?

Replies (1)                          

CA Urvi Gandhi       19 Sep 2018

Yes

T&C apply


R

Rajesh

9 Sep 2018

Fixed deposit in each account will be treated as separate after converting from NRE to ROR

Replies (1)                          

CA Abhishek Sinha       25 Sep 2018

Please reframe your question, its question is not clear

T&C apply


A

Abhishek

8 Sep 2018

How does the gst related with Final audit report of company. Can a company file higher turnover amount 50 lak than he paid gst actually 20 lack? If yes what will be the consequences after filing

Replies (1)                          

CA Abhishek Sinha       25 Sep 2018

No, GST turnover should match with Tax audit report turnover.
You will have to pay tax with interest and penalty at the time of GST assessment

T&C apply


S

Shilpa

7 Sep 2018

Hiii,, is Provident Fund Applicable on Labour Charges ??

Replies (1)                          

CA Abhishek Sinha       25 Sep 2018

PF is applicable on Salary paid, I guess you must be paying to a contractor who is charging you PF paid to employees in his bill - If yes, Thats correct.

T&C apply