Partnership firm filing under 44ADA

I am a individual proprietor with GST filing under 44ADA for my contractor work.

I recently got a new contract for another work and am thinking register partnership firm and make contract between client and my partnership firm(client is ok with it).

partners will be me and wife where I will be doing all the technical work and wife will do all technical work for the firm.

My 2 questions.

  1. Contract value for FY will be less than 75L, can firm file under 44ADA? Are partnership allowed to use 44ADA?
  2. Me being partner in firm already under 44ADA as individual proprietor with GST. Will there be any issue when receiving profit share from firm?

Please suggest if I am missing something, I will also be discussing. this with CA so need to compare options.

reddit.com
u/DolGuldurWraith — 19 hours ago

783 cibil what ROI should be expecting for home loan

I am 35M looking for home loan, I will be taking loan based on salary income. My Cibil is 783, what ROI should I expect?

Some below details:
Loan Amount: 2.3cr to 2.5cr(Property cost 3.38 cr)
Salary: 3.55L per month post tax
Current EMI: Zero

Prefer loan something similar SBI OD linked or Bank of Baroda Max Savings. Also I see BOI providing lowest rate, do they also provided product similar to Max savings?

Thanks

reddit.com
u/DolGuldurWraith — 20 days ago
▲ 3 r/gujarat+1 crossposts

Address change in RC

I want to remove banks name from RC as my auto loan is closed and I have received the NOC from bank as well.

But I have moved to different city on rent and address on RC is different city.

How do I make sure address is updated and RC is sent to new address?

old address: Vapi
New address: Ahemdabad

Which RTO to approach? Valsad (for vapi) or Ahemdabad RTO?

reddit.com
u/DolGuldurWraith — 3 months ago

Help related to railway station

I have vande bharat train in few hours towards Mumbai at 6:05am boarding station is ADI, when I search on google map it shows 2-3 destination, which one should I choose to visit Ahmedabad Jn(ADI) to catch train no 22962.

Kalupur is different or is same as Ahemdabad junction.

If anyone has travelled plz share

thanks

reddit.com
u/DolGuldurWraith — 3 months ago

Edit: 35M, married (family of 2)

First time I tracked every single rupee spent and it now gives me a general idea where my money is being spent.

I thought I was spending more on ordering food and online grocery but the they are actually the ones with lower expenses and eating out was the surprise high expenses.

We go out only once or twice a week but the only good place near us cost around ₹1500 per outing costing us more.

but was a great experience tracking stuff and getting idea of actual expense first time category wise.

tracking sheet link: https://docs.google.com/spreadsheets/d/1dE4-z-PlrKwpg_0DyFoudKPO0m32KoqwxB15xqhgDmw/edit?usp=sharing

u/DolGuldurWraith — 4 months ago