Latest Answers (47,920)
 | Tax implications of selling self-funded residential floors (salaried individual, not in real estate business)This question was kept private Answered by Damini Agarwal 12 months ago |
| Correct ITC Balance to Show in Balance SheetHello. I have a GST registered business. I made some purchases in the last financial year, due to which I accumulated an Input Tax Credit (ITC) balance over time. Some of these... Answered by Damini Agarwal 12 months ago |
| Treating income tax consultation and preparation as business expense for sole proprietorshipI have a GST registered business (sole proprietorship). In the last financial year (FY24-25), I had income (including negative income) from multiple sources. Specifically, I had... Answered by Damini Agarwal 12 months ago |
| ITR-3 quirk of wordingHello. I have a sole proprietorship business currently. In FY23-24, I had switched to the New Tax Regime. At that time I also had salary income, and my business was dormant. I... Answered by Damini Agarwal 12 months ago |
| Correct ITC Balance to Show in Balance SheetHello. I have a GST registered business. I made some purchases in the last financial year, due to which I accumulated an Input Tax Credit (ITC) balance over time. Some of these... Answered by Damini Agarwal 12 months ago |
| DTAA provisions on dividend income from US equities tax liabilitySir / Madam, I have dividend income from US equities. This income is taxed at 25% in USA. I have filed form 67 and sought relief through the tax credit method to avoid double... Answered by Damini Agarwal 12 months ago |
 | Scheduled FA declaration for previous yearsThis question was kept private Answered by Shubham Goyal 12 months ago |
| Scheduled FA declaration for previous yearsThis question was kept private Answered by Damini Agarwal 12 months ago |
| NRI wrongly filed Form 67Hi, Kindly help me resolve the following Income Tax issue for my brother. He was an NRI (Residential status) in the A.Y. 2024-25. In India, since his income was below the... Answered by Damini Agarwal 12 months ago |
| NRI wrongly filed Form 67Hi, Kindly help me resolve the following Income Tax issue for my brother. He was an NRI (Residential status) in the A.Y. 2024-25. In India, since his income was below the... Answered by Shubham Goyal 12 months ago |
| Scheduled FA declaration for previous yearsThis question was kept private Answered by Damini Agarwal 12 months ago |
| Filing returns for my deceased fatherThis question was kept private Answered by Damini Agarwal 12 months ago |
 | Filing returns for my deceased fatherThis question was kept private Answered by Vidya Jain 12 months ago |
 | Correction in AISi purchased 5 lacs kisan vikas patra 10 years back they were redeemed for double the amount in july 2024 i.e. 10 lacs, 5 lacs principal and 5 lacs interest. in the scheme... Answered by Vivek Kumar Arora 12 months ago |
| Seeking guidance on transferring funds from India to the UK without TCS deductionHi, I recently got a job in the UK and have ₹35 lakhs saved from working in India. I’d like to transfer this money to my UK bank account to cover rent, the security deposit, and... Answered by Vivek Kumar Arora 12 months ago |
| Filing returns for my deceased fatherThis question was kept private Answered by Vivek Kumar Arora 12 months ago |
| Filing returns for my deceased fatherThis question was kept private Answered by Shubham Goyal 12 months ago |
| Scheduled FA declaration for previous yearsThis question was kept private Answered by Shubham Goyal 12 months ago |