Latest Answers (47,662)
 | 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 Shubham Goyal 1 month ago |
 | Scheduled FA declaration for previous yearsThis question was kept private Answered by Damini Agarwal 2 months ago |
| Declaration of NSC interest & EPF withdrawal amount in ITRQuery 1 (NSC Interest): I purchased an NSC certificate on 13th April 2019. I did not declare the interest accrued on it in any of my ITRs up to AY 2024-25. Since my Section 80C... Answered by Damini Agarwal 2 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 2 months ago |
| Declaration of NSC interest & EPF withdrawal amount in ITRQuery 1 (NSC Interest): I purchased an NSC certificate on 13th April 2019. I did not declare the interest accrued on it in any of my ITRs up to AY 2024-25. Since my Section 80C... Answered by Shubham Goyal 2 months ago |
| Declaration of NSC interest & EPF withdrawal amount in ITRQuery 1 (NSC Interest): I purchased an NSC certificate on 13th April 2019. I did not declare the interest accrued on it in any of my ITRs up to AY 2024-25. Since my Section 80C... Answered by Shubham Goyal 2 months ago |
| Scheduled FA declaration for previous yearsThis question was kept private Answered by Shubham Goyal 2 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 Shubham Goyal 2 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 Shubham Goyal 2 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 Shubham Goyal 2 months ago |
| Tax implications of selling self-funded residential floors (salaried individual, not in real estate business)This question was kept private Answered by Shubham Goyal 2 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 Shubham Goyal 2 months ago |
| Tax implications of selling self-funded residential floors (salaried individual, not in real estate business)This question was kept private Answered by Damini Agarwal 2 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 2 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 2 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 2 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 2 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 2 months ago |