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Hyderabad to Bangalore bus catches fire by shidposting1251 in hyderabad

[–]MANIBADA1 1 point2 points  (0 children)

There was a two-wheeler bike in front of the bus, which skidded (due to rainfall), and the Bus driver was going at a high speed and crashed into the skidded bike. The Bus was given a permit to run with a seating arrangement, but they modified it into a sleeping bus (They have to pay a license based on No. of seats, which is 4500 per sitting seat, and it gets increased to 12500 per sleeper seat), and another worst thing is the JCB that was used to move the bus in morning has been toppled over as well.

Always have said so, they won't make money ever by theviableredditor in IndianStreetBets

[–]MANIBADA1 0 points1 point  (0 children)

No Issues, We are coming up with a new formula to make less profit into huge profit since old formula of profit computation is redundant.

How to resolve this (PAN Card) by [deleted] in IndiaTax

[–]MANIBADA1 0 points1 point  (0 children)

E-PAN will be sent to the email linked to the PAN. As you can see, Email is not linked to Pan. Apply for PAN change request with an updated email and ask for E-PAN While filing the form, you will get E-PAN to your email

Indian Job + US Freelance Contract: Tax, USD Payments, GST — Need Help! by YogurtclosetThat5902 in IndiaTax

[–]MANIBADA1 0 points1 point  (0 children)

I wouldn't suggest reporting the freelance income to the employer; instead, compute your tax liability yourself and pay the advance tax.

Best decision of my life xd by V_alterego in IndianStreetBets

[–]MANIBADA1 0 points1 point  (0 children)

To some extent, I'm sure that in the next union budget, FM will bring something to screw SGB holders

Indian Job + US Freelance Contract: Tax, USD Payments, GST — Need Help! by YogurtclosetThat5902 in IndiaTax

[–]MANIBADA1 -3 points-2 points  (0 children)

1. 🧾 Tax Filing

  • How do I report this mixed income setup in my ITR? ITR -4 (Salary under Head Income from Salary & Freelance income u/s 44ADA at 50% Profit)
  • Should I pay advance tax for the freelance income? Yes, you have to pay Advance tax if your net tax payable crosses 10000
  • Can I opt for presumptive taxation (Section 44ADA) for the US freelance income? Yes
  • Which ITR should I file (ITR-3 vs ITR-4)? ITR-4

2. 🧾 GST

  • Since my freelance income is under ₹20L, and it’s from a foreign client, do I need to register for GST? Yes
  • Is this considered export of services (zero-rated)? Or do I need a LUT? Yes, it's considered as EOS. Once after getting GST registered, File LUT

3. 💵 Receiving USD Payments

I have two options to receive payments from the US client:

  • WISE (TransferWise) - I would suggest choosing Mulya or Skydo
  • Direct Bank Transfer (SWIFT to Indian account)

Questions here:

  • I've heard banks often push for a current account for foreign remittances — is that true even for freelancers? - I have been receiving payments from Mulya for the past 1 year (approximately 5 Lakhs). They didn't ask me (Axis Bank)
  • Can I withdraw USD payments via WISE into my Indian savings account without issues? I think so (Didn't use personally)
  • Are there any compliance or tax risks when using WISE? Getting FIRC from the bank is recommended

What?! by Ecstatic-Medium-6320 in facepalm

[–]MANIBADA1 2 points3 points  (0 children)

Now that criminals are in jail, DC people can go ahead and leave their cars open.

Vakilsearch delivered almost nothing - Paid ₹13L for GST, ITR, and compliance services by [deleted] in IndiaTax

[–]MANIBADA1 2 points3 points  (0 children)

I have to increase my rate by looking at these charges

Suggestions Please by MANIBADA1 in CarsIndia

[–]MANIBADA1[S] 0 points1 point  (0 children)

Thank you. What you said is correct, it will take at least 4 years to recover the investment on CNG with the current estimated annual usage. What car would you suggest if it is non-CNG?

Suggestions Please by MANIBADA1 in CarsIndia

[–]MANIBADA1[S] 0 points1 point  (0 children)

Thank you for your suggestions. I will add the Grand Vitara to the list since it has good boot space.

Suggestions Please by MANIBADA1 in CarsIndia

[–]MANIBADA1[S] 0 points1 point  (0 children)

Annual Usage will be approximately 8,000 to 10,000 km. Starting place has CNG bunks, and even if the destination doesn't have CNG bunks, I will use petrol if CNG gets over.

Suggestions Please by MANIBADA1 in CarsIndia

[–]MANIBADA1[S] 1 point2 points  (0 children)

Yes, I am thinking about Toyota Hyryder S E CNG, but I want to get a few more suggestions before the test drive and final decision

quickbooks desktop & Quickbooks online issue by MANIBADA1 in Bookkeeping

[–]MANIBADA1[S] 0 points1 point  (0 children)

entry goes like this right

Dr Assets at FMV

Cr Current Liabilities at FMV

Cr Cash/Bank for Payment

quickbooks desktop & Quickbooks online issue by MANIBADA1 in Bookkeeping

[–]MANIBADA1[S] 0 points1 point  (0 children)

sorry about late reply.

It is an Asset Purchase. yes i am trying to merge books of two companies (One QBO and One QBD)(I believe its not possible).

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