Latest Answers (47,757)
 | Did not pay advance taxI did not pay advance tax for fy 2020-21. Should have paid. I am a stock market trader & also have mf capital gain & dividends & savings acc interest. If I pay whatever I think... Answered by Ruchi Goel Anchal 5 years ago |
 | Surrender value on ULIPHello sir i have took max life ulip plan on 29 july 2016 my maturity term 10 years lock in period and premium payment term 5 years. I have paid all 5 premium but due to low... Answered by Payal Chhajed 5 years ago |
| Did not pay advance taxI did not pay advance tax for fy 2020-21. Should have paid. I am a stock market trader & also have mf capital gain & dividends & savings acc interest. If I pay whatever I think... Answered by Payal Chhajed 5 years ago |
| Capital gain tax and exemptionsHello Sir/Madam, I have a question with regards to Joint development agreement (JDA). The land under consideration is 450 sq.yds bit and it was inherited from my ancestor. In... Answered by Payal Chhajed 5 years ago |
 | Tax on a software business + Tax on gains from CryptoHi, my question is two parts, First part, I have been running a software business as a freelancer since Jan 2018, for FY 18-19 and 19-20 I was under the taxable limit of 2.5Lacs... Answered by Naman Maloo 5 years ago |
| Capital gain tax and exemptionsHello Sir/Madam, I have a question with regards to Joint development agreement (JDA). The land under consideration is 450 sq.yds bit and it was inherited from my ancestor. In... Answered by Naman Maloo 5 years ago |
| Can one file a revised return after assessment is done under section 143(1)Normally a revised return should be filed before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier ie. In the case of AY... Answered by Naman Maloo 5 years ago |
| High value transaction email from Income taxI am derivative trader and my turnover is very high because I do scalping i.e. existing with small profit or loss So my turnover is very high Last year I have file return and it... Answered by Naman Maloo 5 years ago |
| Reversal of TDS on property purchaseI am planning to buy immovable property owned by NRI. The property is 1 crore 20 lakhs. So the TDS amount is around 24 lakhs. my questions are 1. what is the process to pay TDS... Answered by Naman Maloo 5 years ago |
| NRI property sale TDS and NIL TDS certificateHello Property details are as following: 1. Purchase Price: 4300000 2. Year of Purchase: 2011 3. Year of Sale: In FY 2021-22 4. Sale Price: 6000000 5. Indexed Cost of... Answered by Naman Maloo 5 years ago |
| Income tax Querry on TDS deducted by builder and non filing of returnsDear All I have bought a under construction flat in Oct 2019 with my wife as first holder and me being second and taken a loan on my name as I am working. Got a querry from... Answered by Naman Maloo 5 years ago |
| Query regarding section 44ADAI am earning entire income online, that is, it all comes into my account. Let's say my income is 48 lakh, so as per presumptive taxation under section 44ADA, I can pay tax on... Answered by Naman Maloo 5 years ago |
| Investment in StartupThis question was kept private Answered by Naman Maloo 5 years ago |
| Applicability of capital gain tax on sale of immovable property having multiple ownerThis question was kept private Answered by Naman Maloo 5 years ago |
| Buying residential flat from proprietorship firm current bank accountHi, I am looking forward to buying a residential apartment for my personal use in Mumbai. As I am the proprietor of my firm, can I pay the entire amount of the apartment from my... Answered by Naman Maloo 5 years ago |
| Turn over calculation for filing IT returnsDear Sir / Madam, We are a Customs Broker company. We are raising 2 invoices for the clearance of Import / Export to our clients. 1 is a Taxable invoice and the other one is a... Answered by Naman Maloo 5 years ago |
 | Withdrawing EFP as NRI and tax implicationsHi, I would like to withdraw EPF as I'm a non-resident now for more than 2 years. I left my Indian job in 2018. I need to withdraw to my Canadian bank account. When I try to... Answered by Siddharthh Jain 5 years ago |
 | Tax on a software business + Tax on gains from CryptoHi, my question is two parts, First part, I have been running a software business as a freelancer since Jan 2018, for FY 18-19 and 19-20 I was under the taxable limit of 2.5Lacs... Answered by Vivek Kumar Arora 5 years ago |