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Namita Gandhi
What will be the withholding tax rate if i have to make an outward remittance to Singapore company if they are providing coaching service on my behalf to my clients?
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That depends on what are they mentioning in the invoice and what is the agreement and the company is a resident of which country.
Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement
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Sumeet Solanki
My dad had gifted me a commercial shop property in 2020 (15/09/2020) which he had purchased in 1999.now i want to sell the property in 2021.Will this attract capital gains tax as this is short term selling and if yes can i take deductions by purchasing a residential property
Definitely the sale of shop will attract capital Gain tax, however it will be LTCG not STCG and you can claim expenses against that also. You can contact us for detail discussion @ 9004485377 or ca.rahuldwivedi@gmail.com
CA Padmawati Agrawal 16 Jul 2021Yes capital gain will be applicable for more details please contact me at +91 8240260359
CA Naman Maloo 8 Aug 2021It will attract capital gain tax i.e. long term and you can claim exemption by investing in house property is certain conditions are fulfilled.
If you need any further assistance feel free to contact me at canamanmaloo@gmail.com
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Jai Prakash
Sir, i am retd employee,is arrear recd in f y 2020-21 taxable? pl chat
Yes, taxable if exceeds the limit
CA Rahul Dwivedi 16 Jul 2021Yes it is taxable as per slab.
CA Padmawati Agrawal 16 Jul 2021U can connect me directly on 8240260359
CA Naman Maloo 8 Aug 2021Yes it is taxable but you might get some relief under section 89.
If you need any further assistance feel free to contact me at canamanmaloo@gmail.com
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Sunanda Roy
If construction of housing property is completed but I have not taken possession yet can i still claim income tax
The total amount of pre-construction interest and interest on a housing loan that can be claimed in a year should not exceed Rs 2 lakh in any case. The deduction for this interest is allowed in 5 equal instalments starting from the year in which the house is purchased or the construction is completed. For more info contact at ca.roomi12@gmail.com or 9216216819.
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Kkvs
I am the only earning member and my spouse is a home maker. We have a joint savings account in I am the primary account holder and my spouse is secondary. We are receiving saving bank interest of more than 50000 per annum in this account. During filing of tax returns, can I file this interest income on my spouse’s return or should it only be accounted in my tax return?
If both earn income & that is deposited in the same account, in that case interest needs to be apportioned on the basis of amount of deposit to the account. For more info contact at ca.roomi12@gmail.com or 9216216819
Kkvs 13 Jul 2021Hi, Thanks for your reply. To clarify your question, I am the only earning person and my spouse it not working/earning.
CA Rahul Dwivedi 16 Jul 2021It should be included in your income. However in certain circumstances it can be or pert of it can be considered as your spouse's income. For detail discussion you can reach us at ca.rahuldwivedi@gmail.com or 9004485377
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