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Udai Purohit
I Recently Sold a Piece of agriculture land for 10 lakhs , Land was inherited from my fore fathers currently i am in under 5 lakhs income bracket How much LTCG i have to Pay
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Agricultural land is not a capital asset. So not capital gain tax will apply on it. But more detailed analysis whether the land will actually be regarded as an agricultural land. You can connect with us at ca.pujasharma@outlook.com
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Ashvini Mahajan
I am looking for someone who can help me in opting in income tax new/old regime?My income is 13 lpa. what will be my TDS without investment?
Kindly contact at +91-9911744028. Will assist you in determining the beneficial regime.
CA Roomi Gupta 19 Mar 2021You can contact us@ www.tarunguptaca.com
CA Puja Sharma 19 Mar 2021You can save taxes under new regime. But for more detailed analysis i will be needing more information from you about your salary structure. You can connect with me at ca.pujasharma@outlook.com
CA Naman Maloo 21 Mar 2021You can check the same yourself using a downloadable calculation sheet by clicking here: https://www.taxontips.com/calculation-sheet-for-comparison-of-tax-payable-under-new-and-old-tax-regime-for-individual-and-huf-115bac/
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Shri B H
I had booked a villa in feb 2020. the possession of the villa is yet to be given. the builder is demanding 12% GST.But he is not passing any benefit of ITC to me.
My request to consider for 5% GST which is applicable since april 2019, is not obliged by him.
Also, He is calculating GST on complete consideration value, without exempting the land value (33%) while calculating GST.
What should be done.?
Need to understand the facts properly. Please contact at +91-9911744028
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Kritik
What is the transaction limit in a savings bank in a month if I have made about 5 lakhs transactions from my saving bank accounts?
As such there is no specific limit regarding saving account transactions. For any further assistance, kindly contact at +91-9911744028
CA Puja Sharma 18 Mar 2021There is no such transaction limit on savings account or current account. The income reported in your Income Tax Return filed by you should justify the amounts received and outdrawn from your savings account. For more queries you can connect with us at ca.pujasharma@outlook.com
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Nikhil Sawant
I am working as a freelancer while being full time employed
The company for whome I work deduct TDS
I want to know how can I show this income in the income tax
If it is a small amount then show it as other income and if it is a substantial amount then show it as a business income. For any assistance, kindly contact at +91-9650511176
CA Hunny Badlani 18 Mar 2021The freelancing should be declared under the head business/profession. For further assistance, Kindly contact us at badlaniassociates at Gmail.
CA Puja Sharma 18 Mar 2021You can declare the freelancing income as income under other sources or income form business or profession. If the income is nominal then show it under other sources. For any other query you can connect with us at ca.pujasharma@outlook.com
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