R
Rajeev
How to show a employee salery in propritor ship return
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There is no need to separately show employee salary.
It depends on which return are you filing.
If you need tax related services feel free to contact me at canamanmaloo@gmail.com
Employee salary is shown as expenses in proprietorship return. Under the head "Salaries and Wages".
Ankit Chaudhary - 7604033340.
salary just like other expenses, ensure compliances PT, PF/ESI, TDS if applicable
G
Gargi
For claiming exemption under section54f, Regarding the two house ownership condition:
Does the following case make you an owner of the residential property with regards to Section 54f: Part ownership of house property i.e. inheritance of percentage share due to death of mother in law.
Yes you are the legal owner of such property.
If this property goes for sale in future you would receive the proceeds.
If you need any professional assistance feel free to contact me at canamanmaloo@gmail.com
We had no role towards the cost of the house property; so are we still eligible to be "beneficial owners?" If we are not beneficial owners, can we claim 54f exemption?
CA Navin Jain 26 Mar 2020Yes you would be regarded as the beneficial owner of the inherited house and 54F exemption may not be available
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Gourav
Sir I want to open online digital marketing course institute.What is procedure to open
As far as GST and income tax is concerned I can assist you.
If you need any assistance feel free to contact me at canamanmaloo@gmail.com
You need for 1st register your business by choosing any one of the below:-
1. Proprietorship
2. Partnership firm
3. LLP
4. Private Limited Company
As your business is technology enabled, you should get it registered under Start-up India thereafter.
Ankit Chaudhary - 7604033340
A
Ashok
Hi, i have 3 Flats, staying in one , and one is let out and other is empty. I pay Loan EMIs for all three ... I claim tax relieve under 80c and 24 , Any other acti I can utilize. i pay huge emis with interest. please help.
Are you showing the third flat as deemed rent?
No other than above no relief would be available.
If you need any assistance feel free to contact me at canamanmaloo@gmail.com
From F.Y. 19-20 onwards an assesse can claim 2 houses as self occupied. So what you can do is the one on which you pay the maximum interest show it as rented one. and the other 2 as self occupied. For more info. contact @ 9587334442
CA Navin Jain 21 Mar 2020Kindly connect at +91 9830375894 for discussion. We can do a analysis on what can be the best way to offer the same for taxation.
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Akshay
I forgot to fill the income declaration forms and also I don't have any investments till now. My TDS is deducted. How can I get this back in ITR?
You can get credit of TDS deducted if you file the tax return.
If you need any professional assistance feel free to contact me at canamanmaloo@gmail.com
You can claim the deduction at the time of filing the return even if the same is not given to your employer at the time of filling the tax declaration. Also, if your income would be below the taxable limit, then any tax deducted can be claimed a refund. For detailed discussion/ professional help, please connect at +91 9830375894
CA Ankit Chaudhary 26 Mar 2020At the time of filing Income Tax return, you get the credit of all the TDS deducted and deposited in your PAN by the deductor.
If your tax liability is less than the tax already paid (Including TDS) then you claim the refund of the excess tax paid by filing your Income Tax return. Due date is 31st July, 2020. Thank You!
Ankit Chaudhary - 7604033340
Golden opportunity for you. If you have not made investment in deduction allowed under section 80C and if you wish to invest in them now, the government has allowed to make such investment upto 30.06.2020 for the financial year 2019-2020. Even if the tax has been deducted and paid by the employer you can still claim it as refund in the Income Tax Return to be filed. Feel free to contact on jainabhi189@gmail.com for any assistance.
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