Kollipara Sundaraiah
19 January 2021 at 16:27

Money transfer service

A person some amount cash deposit rs:10 lacs cash deposit in bank account.if a person this amount used customers online mode payment through on Google pay and phone pay mode paid. transfer amount after service charges received from customers.
Question:
A person services charges income gst registration and I .t.return filed compulsory.


Lokesh Sharma

Hi there,

I receive a percentage of the total sales value as commission in addition to my monthly salary. I want to understand if this commision is taxable? and if yes, what are the tax slabs, if any?


Kollipara Sundaraiah
07 January 2021 at 22:34

Taxation of AOP in hospital

Assess maintained a private hospital recently new pan card number received AOP registered in I.t. act.
Question:
Assess taxation of AOP for hospital and accounting records maintained producer


Subhasish
20 December 2020 at 12:35

80D for Parents' Mediclaim

Respected Sir/ Madam,
My father is a senior citizen, retired nationalised bank employee. His yearly Mediclaim amount is automatically deducted from his pension account for group health insurance scheme for retired employees. The premium is completely born by retiree with no employer contribution from deducting from account.
Thus, the insurance policy in my father's name. Can I claim deduction under section 80D, as per paying premium for senior citizen parent Mediclaim? I contribute towards my father's / family expenses, thus, indirectly I am paying premium, though the policy / account statement is in my father's name due to reasons as mentioned above.
Kindly help.
Thanks in advance


suresh
19 December 2020 at 20:50

Income tax

I am a director in a PVT company during FY 2019-20 from Sept to March 2020
I was getting salary from my previous employment till August 2019.
My query is that for filing IT Returns for AY 2020-21 what ITR should I choose

During last year as a director of that company i have not received any fees( Last FY Loss )

Thanks and Regards
Suresh R


Sanjay Mane
04 November 2020 at 16:49

PROFESSION TAX IN MAHARASHTRA

HI, I AM WORKING AS LIC AGENT IN MAHARASHTRA,
EVERY YEAR LIC DEDUCTED RS.2500/-AS A PROFESSIONAL TAX FROM THE EARNED COMMISSION. (FOR THIS I AM NOT GETTING ANY PAID RECEIPT.)
HOW CAN I CLAIM THE SAME IN MY INCOME TAX RETURN?
PL. REPLY.


123456
03 November 2020 at 21:58

TDS on sale of property

sir,

please answer the following questions:-

1) if a US citizen who has a property in India and wants to sell by giving GPA to his cousin, what percentage of TDS , will be deducted by buyer on sale value.

2) if he personally visits India in order to sell his property. what percentage of TDS will be deducted by the buyer at the time of sale . (he has Aadhaar and pan card too)

Thanks in advance.


S Mahesh
21 October 2020 at 12:27

Gratuity

I understand that gratuity is 4.81% of the basic pay.
But some firms include it in the ctc, while many do not.

Suppose it is included in the ctc, and say company is witholding 3000 Rs. /month from my take home, then if I leave after 5 years, I will get the entire accumulated money, I understand that

But Suppose gratuity is included in the ctc, and say company is witholding 3000 Rs. /month from my take home, then if I leave after 3 years i.e before 5 years, in this circumstance, can I be eligible to claim the entire accumulated Gratuity which has accumulated for 3 years as ex-gratia.




Vijay Kumar
12 October 2020 at 00:09

Residential property defination

as per my CA BDA/society allotted site residential property since they have civic aminites, where as revenue sites , land, plot are not included. He filed ITR under section 54 to save the LTCG from sale of BDA site invested in purchased of FLAT. I have followed all requiement of 54F still he filed under 54. I any notice rised by AO , can I convince him .


sankar ponnan
29 September 2020 at 11:29

AGM

SIR
We are private Ltd company and have completed first year of business. We have to conduct the AGM within 18 Months from the date of incorporation (i.e) before 30-09-2020. Unfortunately, We could not finalize the accounts due to covid-19. Can we conduct AGM after 30th Sep 2020?
Plz guide me sir
thanks in adv






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