Your Queries and Our Answers
Question Question:- The tax audit was conducted for the last 3 years, as profit was less than 8% of the turnover. However, This F.Y. I want to file return u/s 44 AD of the income tax act, as the Total …
Hello there, Yes, You can buy DSLR Camera using someone else’s Amazon Business Account. There is no restriction on business accounts buying personal Goods. You, however, need to take care that you cannot claim GST input credit for the Purchased …
Can I buy a DSLR camera using my father’s Amazon business account who is a contractor? Read More »
Yes its true. Let us understand the logic behind this. Tax slabs are applicable to all, i.e. Individuals, HUF, Private Trusts, AOPS and more. Raising a Tax slab would require separate mentioned to all the assessee while raising a Rebate …
I will first answer your queries in short and then detailed. Yes it is eligible to be registered in composition scheme provided it follows few rules That his turnover is below the threshold limit of the respective state at the …
नमस्ते,हां, आप अपने चाचा को ब्याज मुक्त ऋण दे सकते हैं लेकिन यह सुनिश्चित करें कि यह केवल बैंकिंग चैनल से हो। अर्थात, आप उन्हें बैंक हस्तांतरण के माध्यम से ऋण दे रहे हैं, न कि नकद ऋण। Tax Implications: …
Hi There, There are two situations which could occur, Is the turnover of your RWA (residential welfare associations) more than Rs. 20 lakhs in one year and are they registered under the GST Act? Is the Turnover of Your RWA …
Hi there, This is a very interesting question. The answer is based on three situations:- Are you selling your personal products? Personal products include those products which you bought for day to day life usage such as furniture, electronics, vehicles …
If I sell an item on OLX for 30,000, will I need to give a GST bill? Should I pay taxes? Read More »
Do I need a GST Registration to sell Goods such as homemade chocolates on Flipkart or Amazon Online?
Getting GST registration could be an easy task but maintaining it requires a full-time consultant to check and complete compliances. Many sellers who are very talented are opting for their personalized creations to be sold through e-commerce platforms. This varies …
There is no harm in you issuing a tax invoice even if you don’t have any purchase bills. Purchase bills are required when you are claiming ITC on the product. In your particular case, There should not be any issue …
Hi there, GST returns can be filed only in the GST portal http://www.gst.gov.in . I suppose you mean which GSP(GST suvidha provider) or software provider to use to file GST returns. There are various GSPs and softwares like ClearTax , computax and many other …
Which is the best portal or website to file GST returns? Read More »