G
Gopi Krishna Kunchi
My father invested some amount he received via sale of his house in capital gains account.
I have an apartment purchased by taking a home loan.
Now, my father wants to help me by purchasing my apartment using the amount he invested in capital gains account.
Can he purchase my apartment with the amount in capital gains account, so that it is beneficial to both me and my father?
Pls clarify.
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Yes, only if your father can be the co-owner in that flat. For any clarification, feel free to write me at ankit@fundscoop.in or call at 7604033340. Thank You!
T&C applyK
Karthick
Adsense Income Comes Under section 44 AD or 44ADA
Is Ad-sense like a advertisement commission income? In that case it's neither u/s 44AD nor u/s 44ADA. Compulsory books of accounts needs to be maintained u/s 44AA.
CA Naman Maloo 1 May 2019You can file your income from youtube/ website u/s 44AD.
If you need any help you can mail me at canamanmaloo@gmail.com
S
Shani
How can i utilize standard deduction limit of 40K for fin. year 2018-19?
utilize of standard deduction is not required any think
SD of Rs. 40,000/- is automatically calculated and accounted for by the employer before deducting TDS. No further action is generally required by the employee.
T&C applyM
M. Shikha
I am a doctor, i earn 2 laks per month on a contract basis for one year. Can i fill ITR form 4 , show myself as professional, and pay taxes on half of annual income as per scheme of presumptive taxation under section 44ADA
Yes. You can do that.
M. Shikha 11 Feb 2019Thanks.. Is there any other way to save my income tax?
CA Urvi Gandhi 12 Feb 2019Hi Shikha, You can reach me at urvi@fintaxconsulting.in/9967694668
CA Abhishek jha 12 Feb 2019you may go for 44ADA. yes there is way to save income tax by making investment
M. Shikha 13 Feb 2019Thanks
CA Ankit Chaudhary 15 Feb 2019Dear Shikha Ma'am, You can definitely opt for 44ADA in this case. Please remember that the profit is not 50%. "It's 50% or more". Suppose your receipts is Rs. 100/- and your investment in that year is Rs. 70/-. Then you should show your profit u/s 44ADA as 70% and not 50%.
http://taxscoop.in/entries/income-tax/section-44ada-%E2%80%93-presumptive-taxation-scheme-for-professionals
P
Pavan G
Sir , am using credit card but I am unemployed..I use card for all expenses ..I used my card to book flight for my relative .. I spent almost 20 lakhs last financial year ..I have never made cash payment for credit card..will I get IT notice ?
