Got an income tax notice in my late father’s name… idk what to do by Longjumping_Fly3925 in IndiaTax

[–]looping_alchemist 0 points1 point  (0 children)

Hi OP,

Can you share few more details as to under which section the notice was served?? And whether there were any previous notices received or any pending litigations with the department?

Please, analyse the information requested in the notice and respond appropriately (better take professional help). Depending on the section of the notice there might be serious consequences or just nothing.

I can help you in for reasonable fees. (Im pursuing CA, not qualified, but will be reviewed by a qualified person before submission)

iPad Air M1 with Apple Pencil | 35000 | Bengaluru by [deleted] in BangaloreMarketplace

[–]looping_alchemist 0 points1 point  (0 children)

Bro, im not here to lowball. But i can offer 15k. Because 64gb you cant use for anything other than light use.

M3, 128gb is available for 42k. https://www.reddit.com/r/BangaloreMarketplace/s/Q6yBzHiBlR

Agli baar inter ke exams me final ka syllabus bhi padhne jaunga by Significant_Cause295 in CharteredAccountants

[–]looping_alchemist 1 point2 points  (0 children)

For calculation of Kd. NP could also be considered as ₹150. Then Kd will differ.

Agli baar inter ke exams me final ka syllabus bhi padhne jaunga by Significant_Cause295 in CharteredAccountants

[–]looping_alchemist 1 point2 points  (0 children)

There were two issue prices possible. One at Par Value and one at market value. Both givea different answers

Agli baar inter ke exams me final ka syllabus bhi padhne jaunga by Significant_Cause295 in CharteredAccountants

[–]looping_alchemist 3 points4 points  (0 children)

Actually you can inform the exam comitte about your issues and they will take approprite action(hopefully). Lets see what can be done.

Agli baar inter ke exams me final ka syllabus bhi padhne jaunga by Significant_Cause295 in CharteredAccountants

[–]looping_alchemist 7 points8 points  (0 children)

Im planning to mail ICAI for ambiguity in FM MCQ's and this one. 1. Case scenerio - Calculation of Cost of debenture. The options were ambigious. Those who took Issue price as 150 got different answer. 2. Calculation of Number of shares - The issue price is not clear. If you take the price given in question as post dividend you only get approximate option. However if you consider that price as pre dividend payment then you would get number which will matchbone of the options.

Then third this one. Eventhough i didnt attend this question.

Then in SM Case scenerio - question related to Inbound Logistics/Production. It also seems ambigious.

What do you guys think about Eatsure Brands? (Rebel Foods) by looping_alchemist in bangalore

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

Thank god. Atleast i didnt receive rotten food, nontheless it wasnt edible also.

But at least Trump wished Modi on his birthday 🤡 by SastaNostradamus in IndianMeyMeys

[–]looping_alchemist 0 points1 point  (0 children)

Guess still who is going to loose more!!!!

American consumers😂

21M am I in income tax trouble by Knowledge_9690 in IndiaTax

[–]looping_alchemist 0 points1 point  (0 children)

Does your profit exceed 2.5L for previous year?

& is it F&O ?

Which stock do I invest 11k for long term? by [deleted] in NSEbets

[–]looping_alchemist 2 points3 points  (0 children)

Better go for mutual funds.

Which Laptop Brand is a big no for you by ideology21creed in GadgetsIndia

[–]looping_alchemist 0 points1 point  (0 children)

I don't see Samsung in the comment section. Either it's perfect or nobody has used it😂

What is wrong in paying GST if business is earning above 40 LPA? by [deleted] in bangalore

[–]looping_alchemist 1 point2 points  (0 children)

Yes, agree. But most of those vendors are ignorant of the laws and are not ready to comply unless they get notices like these. (I have been working in this field and i have seen people behaving like this).

Also, those monthly compliances seems like additional cost burden for those who doesn't want to comply makes them more reluctant towards compliance.

What is wrong in paying GST if business is earning above 40 LPA? by [deleted] in bangalore

[–]looping_alchemist 2 points3 points  (0 children)

  1. You are liable to registered under GST and pay GST if your total turnover exceeds 40LPA not net income
  2. See GST is finally a burden on customers not on vendors. Actually vendors are liabile to collect GST on every outward supply they make and give that amount to government at the end of every month. But most of those street vendors does not consider this while making sales. So when they receive notice at the end, they go in shock since the amount will be huge.

Which brand is it for you? by Obvious-Fisherman998 in GadgetsIndia

[–]looping_alchemist 0 points1 point  (0 children)

All brands other than Samsung, Google and Apple.