Hi Sir, i have not worked from April'22 to Aug'22. However i will get a job offer by next week sep 15 2022. How will the last 5 months tax calculation happen as i have no other income for the last 5 m
A. Income tax is calculated on the net salary. A net salary is the gross salary minus the allowances and deductions for the financial year. It absolutely depends upon what is your total monthly taxable income (The total monthly taxable income is the total taxable income for the financial year divided by 12 months)
My father sold property and paid tax now he is planning to transfer amount to my account, Can i submit partition deed as a proof, also tell me how to submit proof ( is there any online option or can
I purchased a residential plot 8 months back to construct a house using the funds I borrowed from my husband. Now i sold a residential house owned by me and this sale brings L.T.capital gains. If I re
Hello, I am a Business Consultant based in India. I get my consultancy fee (gross revenue) from my Hong Kong client via USDT. Its gross revenue received as Consultancy Fee(professional income) and no
A. Dear Sir,
Please consult an expert on the above issue or approach Auditor or chartered accountant and claim benefits accordingly. Lawyers are unable to answer your questions.
sir i have 1 lakh rupee in my account if i send this amount to my friend he will return it as 1 lakh and 4 thousand rupee as interest and i have done like this for 100 times so finally in my account t
A. Dear Sir,
The Income Tax will be calculated only on your profit and not on total transaction. You may approach chartered accountant for more clarification since it is financial transaction and you must take legal advise from him.
Hi TEam, zero tax from salary after all investment and deductions, second 10%TDS from FD in every financial year. But at the time of filing ITR in July-Aug-Dec, both salary and TDS clubbed and tax co
We are landowners for a site and we entered in to JDA . As part of that JD., we got 6 flats which was sold in FY19-20. Each flats costs 50L average and commision and furniture also cost 8Laksh per eac
A. Dear Sir,
Long-term capital gains are taxed at 20%. For a net capital gain of Rs 63, 00,000, the total tax outgo will be Rs 12,97,800. This is a significant amount of money to be paid out in taxes.17-Feb-2022
Debt Funds: At tax slab rates of the individual
Equity Funds: 15%
Funds: Effective 11 July 2014
My company is providing Voluntary Separation Scheme for those employee who want to take it. In exchange of it, they are offering a lumpsum amount. In my case the lumpsum amount is 20Lacs. This is bef
A. Dear Client,
Any amount received / receivable by a specified category of an employee under the voluntary retirement scheme or under the voluntary separation scheme is exempted under section 10(10C) of the Income Tax Act.
Hope this clarifies your query and requirement.
Disciplinary action initiated against Assessing officer for F Form approved, purchase not declare in the return. Hence I request to any high court order for favour of set a side the disciplinary actio
My Total annual CTC is 653125 where base pay is 365751, HRA is 163282 and the special allowance is 124092. Basic is currently at 50% and i have a option of restructure and i can set the basic at 30% s