Ravi Kumar
11 January 2020 at 22:38

Incorporating a Business

I have a cab and two drivers who work as employees for me but in a call center company. Now I want to incorporate a business with 2 employees where the income from the services provided is put as payment for company and the expenses (wages, fuel, car service) deducted before calculating the final taxable amount.

I am also planning to increase the number of car/services and employees in further years. What way should I proceed such that the money from business is not clubbed in my regular income (I am already salaried)?

Should the company be OPC or PLC? Do I need to hire regular services of CA? Please advise.


Rohit

If someone is selling online course through my website to people outside India. what will be its implementation under GST and tax laws?


Vijay Mishra
11 January 2020 at 19:11

Gratuity

Dear All,
Greetings !
I had been working in a private company for 8 years. Now i have resigned from there. Please suggest if I can claim for gratuity payment from there. This company has more than 15 employees and not registered with ESI & PF.

Please advise.

With best regards,

Vijay


Sushma Sireesha
11 January 2020 at 19:01

JDA-Tax implication to land owner

The assessee is a partnership firm engaged in construction activity. In has purchased land during the year 2006-07, and has started construction in 2012 and has done work to the extent of Rs. 50,00,000. Later on due to funds scarcity, it has entered into development agreement with other company for construction of flats in 2014. Construction was completed in the year 2018 and land owner has received his share of flats and started selling its share. How to treat the same in the books of land owner who is engaged in same business. Whether to calculate capital gains or business income. Kindly explain.


Mahabir Prasad Agarwal
11 January 2020 at 17:18

ITC on Vehicle parts purchased

I run a manufacturing uniit of PVR Block/ My trucks are used in the unit for carrying cement and other materials required for the manufacturing of PVR Blocks. Whether I can claim ITC on vehicle parts purchased for my trucks ?


Kalyan Ghosh
11 January 2020 at 16:31

ITR Return for AY 2020-21

Sir
So long I was filing in ITR1, as I have no Shares, Mutual Funds, etc. Income only from Pension and Bank Interests But being 72 years in age I have also included my wife as a joint owner of my flat, although she does not earn anything. In the Deed of the flat and Municipality Tax Bill my wife's name is there as the second owner
1)But as per CBDT circular January 3 Notification, an individual taxpayer cannot file return either in ITR-1 or ITR4 if he is a joint-owner in house. Such taxpayers are to use different forms, which would be notified in due course.
As such from AY 2020-21 I cannot file in ITR1(Joint Owner) and as confirmed by newspapers
also
2)But the thing is as per media reports my wife has also to file IT Return irrespective of the amount
earned, although my wife's Gross Income from namesake bank accounts out of petty household savings is
not worth considering. A report has appeared in Times of India Bengali Version Kolkata
Edition dated 06/01/2020 corroborating point no(2). The article has also referred the name of 1)Taxman DGM ,Mr Nabin Wadhwa and of ASC Global in this regard
Please opine on Point(2) With thanks
:


UBEIDULLA
11 January 2020 at 16:01

Invome tax no due certificate

For submitting tender to apply for contract works , a tax clearance certificate is required by a government department. Can the experts kindly tell me how to get such details from the income tax website or assesssing officer.


DIVYESH JAIN
11 January 2020 at 15:39

Input tax credit of Central Railway

My client is into transportation business under rcm. But he pays gst on rent income earned. The goods are transported to Central Railway and they pay him back the amount after deducting gst @ 5%

I want to know whether he can claim Input tax credit of Central Railway while paying gst of rent income earned.

Thanks


srinivas

Somebody director in the company he has a own car but company pay car Maintenance expenses so as company norms correct or wrong kindly suggest to me
Thanking you,


POOJA KANKARIYA
11 January 2020 at 13:43

YOGA TEACHING

Kindly guide me on whether yoga teaching receipts by an proprietor are liable for GST? And also what about the accomodation and food provided with it as the main objective is teaching yoga?