Answers on Income Tax (25,625)
 | Presumptive tax professional 46 lakhs+GST=54lakhsI am an engineer registered as professional payin GST. My income is Rs 46 lakhs,and with GST, it becomes 54 Lakhs. 1. Am I eligible for Presumptive tax n income at 50%? (incme... Answered by Nitin Jain 7 years ago |
| Presumptive tax professional 46 lakhs+GST=54lakhsI am an engineer registered as professional payin GST. My income is Rs 46 lakhs,and with GST, it becomes 54 Lakhs. 1. Am I eligible for Presumptive tax n income at 50%? (incme... Answered by Nitin Jain 7 years ago |
| Is tax audit necessary to carry forward intraday trading (speculative) lossesHi, I have to report following in my ITR : 1. Salary ( More than 2.5 Lac ) 2. STCG 3. Intraday Trading Activity ( Loss = 60000, T/O = 2.2 Lac ) I know the fully compliant way is... Answered by Nitin Jain 7 years ago |
| ITR3 & 44ADAThis question was kept private Answered by Nitin Jain 7 years ago |
 | Purchase of flat for son who is US citizen and OCI cardholderI am 86 years old, retired Army Colonel with annual gross pension income of 14 lakhs. I am purchasing a flat in Ghaziabad out of my PPF and other savings, the flat will be... Answered by Vivek Kumar Arora 7 years ago |
 | Purchase of flat for son who is US citizen and OCI cardholderI am 86 years old, retired Army Colonel with annual gross pension income of 14 lakhs. I am purchasing a flat in Ghaziabad out of my PPF and other savings, the flat will be... Answered by Nikhil Khanna 7 years ago |
 | Purchase of flat for son who is US citizen and OCI cardholderI am 86 years old, retired Army Colonel with annual gross pension income of 14 lakhs. I am purchasing a flat in Ghaziabad out of my PPF and other savings, the flat will be... Answered by Lakshita Bhandari 7 years ago |
| Disparity between bank account and 26AS detailsI am using cleartax for e filing.My mother in law has received around 4 lakh as pension(from sbi bank accounts).where as her 26 AS showing only 2.5 lakh as total income and sbi... Answered by Nitin Jain 7 years ago |
| Late filingThis question was kept private Answered by Nitin Jain 7 years ago |
| My income come under professional income (44ADA) or business income (44AD)?Sir my income form Computer Job Work(DTP) is rs 669750. income from coaching/tuition is 360000 expenses is 418440. my question is income come under professional income (44ada)... Answered by Nitin Jain 7 years ago |
| Stock market incomeI am unable to find suitable code for "nature of business" to be specified in ITR3. I have stock market income as follows: 1. Short term gain from stocks (average stock holding... Answered by Nitin Jain 7 years ago |
| Income Tax QueriesThis question was kept private Answered by Nitin Jain 7 years ago |
| Tax on Foreign incomeThis question was kept private Answered by Nitin Jain 7 years ago |
| Related PF amount after 7 years of serviceIf pf amount after 5 years of service taxable. If that is exempted then do i have show in itr . Presently i have income from salary and home property. Under which section i can... Answered by Nitin Jain 7 years ago |
| Deduction of TDS u/s 194IB in case of joint ownership of a residential propertyI am salaried individual currently residing in a rented accomodation, the contract was entered between joint owner (husband & wife) and me, the rent paid is 53000 per month... Answered by Nitin Jain 7 years ago |
| Presumptive taxation for freelance journalistHi, I am a freelance journalist i.e. I get paid per article basis by different publications. My TDS has been deducted u/s 194J. Am I eligible to file for presumptive taxation... Answered by Nitin Jain 7 years ago |
 | PF withdrawalI have withdrawn PF in less than 5 years and TDS has been deducted @ 10 %. Now while filing returns does the entire PF withdrawal amount subject to taxes as per current slab or... Answered by Swati Agrawal 7 years ago |
| Presumptive taxation for freelance journalistHi, I am a freelance journalist i.e. I get paid per article basis by different publications. My TDS has been deducted u/s 194J. Am I eligible to file for presumptive taxation... Answered by Lakshita Bhandari 7 years ago |