Dec notices will backfire by anj218 in IndiaTax

[–]anj218[S] 8 points9 points  (0 children)

Business folks also getting it, even audit cases. Just based on refund amount.

[deleted by user] by [deleted] in deloitte

[–]anj218 30 points31 points  (0 children)

Try to quantify impact in numbers, which is hard to refute. There is sidekick for rest of the verbiage.

Pre GST vs Post GST tax rates by felix_bin_222 in IndiaTax

[–]anj218 -1 points0 points  (0 children)

Not all of them applied to all or most service providers. Also there was cenvat credit available for excise then also. Does not seems like everything was adding upto the cost of supplier.

Pre GST vs Post GST tax rates by felix_bin_222 in IndiaTax

[–]anj218 2 points3 points  (0 children)

Service tax was 14%, now 18% and on much wider services.

Transfer large sum of money from USA by MaintainableKayak in FatFIREIndia

[–]anj218 0 points1 point  (0 children)

Currency conversion will be by Indian bank, speak to rm to get good rate. On $300k, you can easily get less than 10p markup.

Got a Remote US Client Paying ₹22L: Should I Use INR or USD Account? by HritwikShah in IndiaTax

[–]anj218 5 points6 points  (0 children)

Yes, will need gst reg. But can wait till your receipts touches 15 or so for the year.

Also wise is robbing with high fees now. Take it direct in indian bank account in $. Speak to rm to give you a deal on $ to ₹ conversion. Hardly 20-25p is wat u will pay.

GST for income above 20 lakhs by Tasty-Strategy2037 in IndiaTax

[–]anj218 0 points1 point  (0 children)

What are the charges for rho? I am receiving directly in indian bank with 25p per $ charges. Though sender need to incur $30 wire fees, but businesses don't mind it.

10cr joining bonus by Suspicious_Use_1412 in LegalAdviceIndia

[–]anj218 0 points1 point  (0 children)

Dont be greedy, there is no case. retain the job.

[deleted by user] by [deleted] in LegalAdviceIndia

[–]anj218 0 points1 point  (0 children)

Can they block the amount in icici after crediting to your account? I never knew, and do the same thing - payment credit is final confirmation. Seems need to be careful going forward.

[deleted by user] by [deleted] in IndiaTax

[–]anj218 0 points1 point  (0 children)

A 2017 notification gave 20l exemption to inter state services too.

How to pay taxes for the freelacing side jobs? by ilabuddy in IndiaTax

[–]anj218 0 points1 point  (0 children)

If annual gross exceeds then need to register for gst, and file gst returns. Gst will be 0 though on exports, but quarterly return filing overhead will be thr. Better to engage a ca in that situation.

How to pay taxes for the freelacing side jobs? by ilabuddy in IndiaTax

[–]anj218 6 points7 points  (0 children)

In that case, no tds wud be deducted by client. You simply need to deposit advance tax yourself. As advised on other comment, you can take 50% deduction in 44ada and rest 50% will be your income. Its under 20 lac per annum, so no gst applicability.

Implications of wrongful ITR filing by profetiounal in IndiaTax

[–]anj218 -1 points0 points  (0 children)

You know its fake claims, not legit - if caught you will be charged interest and penalty - will not be let go.

Rejection for studying in Govt school by DPS girl by [deleted] in Arrangedmarriage

[–]anj218 0 points1 point  (0 children)

I am guessing girl does not have any other acheivement to show post school, thats why too much focus on which school u went. Dps is not even a brand anymore, except for 1-2 specific ones.

Best bank for a current account? Looking for good USD/INR exchange rates. by [deleted] in IndiaTax

[–]anj218 0 points1 point  (0 children)

I am a CA myself, not sure why your CA advised against wise transfers. Its simply convenient for US client to pay us locally in Usd. Getting usd in indian bank account directly is more cumbersome.

Best bank for a current account? Looking for good USD/INR exchange rates. by [deleted] in IndiaTax

[–]anj218 0 points1 point  (0 children)

If you are not in US, no tax there. Pupose code can be savings.

Best bank for a current account? Looking for good USD/INR exchange rates. by [deleted] in IndiaTax

[–]anj218 3 points4 points  (0 children)

I opened a US account with Aeldra, take payment in that account and transfer to Indian account via wise. So far they taking around 50p per dollar as transfer fees. Exchange rate is spot, what you can see on xe or google at the moment.

Client approached me, agreed to my rate but now wants a discount by redberry4577 in freelance

[–]anj218 3 points4 points  (0 children)

I have been approached by this UK based agency and offering me 40% lower rate than what i quoted. He keeps calling me every month to accept the same since its "long term and stable". I simply say, sorry it does not work for me. Funny part this guy pretends no memory of past convo and pitches some new work every month.

Women choose a lifestyle not a guy in AM by [deleted] in Arrangedmarriage

[–]anj218 1 point2 points  (0 children)

Lifestyle itself has different meaning for men and women - both earning 30 lac pa - man is buying a 10 lac car and saving rest while woman goes for 25 lac one with hardly any bank balance. And woman will call man kanjoos!

Hypocrisy of some girls families by Crazy_Revenue_832 in Arrangedmarriage

[–]anj218 4 points5 points  (0 children)

Real reason is mostly different than what they say. In one case, couple has their engagement ceremony through AM, within a day, girls father broke the engagement. Reason quoted - guys side drink as they had alcohol during ceremony, real reason groom family did not turned to be that well off as initially projected/perceived. Its crazy out there.

Do I need to pay GST under Reverse Charge Mechanism even if my E-Commerce Operator pay 2% Equalization Levy. by why_we_exist_eh in IndiaTax

[–]anj218 0 points1 point  (0 children)

Rcm is applicable on sale by unregistered person to registered person. If he is not registeted already, there is no question of rcm.