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CA Deepika Boyina  

CA in Practice
4Year 5Month  experience

NA

  
   
 
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Address

NA
Srikakulam Andhra Pradesh
Pin code - NA

Availability

Mo,Tu,We,Th,Fr,Sa

10:00 am - 7:00 pm

Services

✔ Accounting / Book keeping✔ Direct Taxation
✔ GST

Industry Experience
✔ Consumer Markets✔ Financial Services
✔ Manufacturing✔ Real Estate
✔ Services
Education
    CA
Associated with (Firm / Company Name)
Awards and Recognitions
    NA

R

Remesh Kumar

2 Months ago

Used ITR4 from AY 2011-12 to 2019-20. used ITR3 for AY 2020-21 TO 2021-22 .Can i use ITR4(44ad presumptive income) for the AY 2022-23 If other eligibility factors are satisfied (Explanation reg Section 44ad(4))

CA Roomi Gupta     11 Jul 2022

Yes you can, subject to conditions specified in section 44 AD. For professional assistance connect us @ www.tarunguptaca.com or 9216216819.

CA Hunny Badlani     12 Jul 2022

Hello,

Yes, you can use the 44AD Presumptive Taxation Scheme.

I hope that this answer satisfies your requirements. For any query, please feel free to contact us at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5

CA Deepika Boyina     17 Jul 2022

Once you opted out you cannot opting till 5 years . contact deepikajagan01@gmail.com for detailed consultation

T&C apply

N

N Giri

2 Months ago

I have purchased Rural agricultural land on 25/05/2018 for 63,38,000/- ( 58,20,000 + 3,28,000 Stamp duty + 90,000/- brokerage) and the same is sold on 68,60,000/- (71,00,000 - 1,40,000 brokerage). I do not want reinvest in purchase of agriculture land in future. Experts, my question is,
1. I learnt no capital gain arises, but if want to show the sale proceeds, WHERE and HOW to show exactly in ITR-2? Can I show the difference 5,22,000/- as gain? or if use the capital gain formula C.G becomes - 3,16,000/- Please advise.

CA Puja Sharma     16 Jul 2022

Rural Agricultural Land is not considered a capital asset under the Income Tax Act if it satisfies the following:
(a) If situated in any area which is comprised within the jurisdiction of a municipality and its population is less than 10,000, or (b) If situated outside the limits of the municipality, then situated at a distance measured- (i) more than 2 km, from local limits of the municipality and which has a population of more than 10,000 but not exceeding 1,00,000; or (ii) more than 6 km, from local limits of the municipality and which has a population of more than 1,00,000 but not exceeding 10,00,000; or (iii) more than 8 km, from local limits of the municipality and which has a population of more than 10,00,000.

If it does not satisfy the above criteria, it will be treated as a capital asset, and the profits will be taxable under the head capital gain.

For any assistance in tax filing, you can connect with us at ca.pujasharma@outlook.com

CA Deepika Boyina     17 Jul 2022

Yes it can be shown in other source exempted income. Contact deepikajagan01@gmail.com for clarification

T&C apply

A

Abhi

2 Months ago

I'm a CA aspirant and came across a scenario regarding taxation. Can you please help resolving query.

A person received hiring bonus(tax deducted on it) in FY let's say 2020-21 but had to return back the whole amount in FY2021-22 after leaving job. Employer has not mentioned this returned amount in Form16 but had provided a recovery certificate on company letter head that says that a sum of xxxx has been recovered as hiring bonus from person. Now, Can the person claim the already deducted tax on that bonus or what can be possibly done here?

CA Naman Maloo     17 Jul 2022

This is a common problem and one cannot do anything regarding this as the employee is paying additional tax on same.

CA Deepika Boyina     17 Jul 2022

It should be included in form 16

T&C apply

P

Pooja

2 Months ago

I have taxable income for last FY year. I switched my job within FY and missed the investment declaration timeline .also I don't have much investment for the last FY .
Iplease suggest for tax savings

CA Hunny Badlani     17 Jul 2022

Hello,

Even if you missed the investment declaration to your employer, you can claim the same in your income tax return.

I hope that this answer satisfies your requirements. For any query, please feel free to contact us at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5

CA Deepika Boyina     17 Jul 2022

Even you miss it then now you can claim in itr depending on the nature of investment. Contact deepikajagan01@gmail.com for further queries

T&C apply

K

Kamal Vijayvargiya

2 Months ago

Dear sir,

i am an employee of PSU Bank which provides me reimbursement of medical expenses, i incurred on treatment of my 80 years old father who is suffering from chronic kidney disease and requires twice a week dialysis and other medical treatment. The expenses are around Rs. 200000 per year.

my employer add this amount to my salary and deduct tax @ 30%. I like to know that is there any provision that i can say my employer not to deduct tds or can i claim any relief or deduction while filing ITR.

Please inform details of provisions and process.

regards

CA Naman Maloo     17 Jul 2022

Its an amount reimbursed by your employer and paid you so it is taxable in your hands.
You can check if such disease fall under any deduction and if you could claim any deduction against such income received.

You can book consultation with experts at: https://www.taxontips.com/tax-notice-personal-consultation/ and discuss if any tax can be saved.

CA Deepika Boyina     17 Jul 2022

It needs detailed explanation. For professional help contact deepikajagan01@gmail.com

T&C apply

J

Joe Tim

2 Months ago

Hello, my salary income is nil and i do trading indian stocks but the gains are not above than 2.5 lakh so is it compulsory for me to fill the itr ??

CA Naman Maloo     17 Jul 2022

If the total income is below 2.5 lakh you need not file income tax return.

However if you still have any confusion you can book consultation with expert and even get assistance in filing your Income tax return: https://www.taxontips.com/income-tax-return/

CA Deepika Boyina     17 Jul 2022

No need if you don't have income under any head. For professional help contact deepikajagan01@gmail.com

T&C apply

D

Devanshi Chadha

2 Months ago

Which ITR do I need to file to show my TDS-194c income? Can I file ITR 1 and show it in the others section? And how?

CA Deepika Boyina     17 Jul 2022

Yes if only that income. For proffessional help contact deepikajagan01@gmail.com

CA Roomi Gupta     18 Jul 2022

Incomes that are received from the contract (TDS -194C) are to be shown under the head income from business or profession and you will also be eligible to claim deduction for the expenses that you incurred to generate the income. ITR 4 will be applicable . For professional assistance , connect us @ www.tarunguptaca.com or contact @ 9216216819.

CA Puja Sharma     18 Jul 2022

If the contract income is not regular, then you can file ITR 1 and report it under the head of other sources.
For any assistance in return filing, you can connect with us at ca.pujasharma@outlook.com

T&C apply

S

Soumya Bansal

3 Months ago

Can house wives select new income tax regime for current year and switch back to old income tax regime for next year ?

CA Deepika Boyina     10 Jun 2022

yes please contact deepikajagan01@gmail.com for proffessional services

CA Anshuka Bathla     10 Jun 2022

Only salaried taxpayers can switch to any regime every year. Non salaried person if switch back to old regime can never adopt new regime.

CA Puja Sharma     11 Jun 2022

As mentioned above, the concerned person is a housewife. While filing the Income Tax Return, they are expected to show self-employed income under the head business or profession. A non-salaried employee cannot change the option to choose a regime every year, If a person opts for the new regime and wants to switch to the old regime. They cannot switch to the new regime again in future.

T&C apply

A

Amandeep

3 Months ago

I booked a flat for 80 lacs in Jan 2021 and paid 50% installment (40 lacs) on 08 Feb 2021. I was ignorant about the TDS deduction till May 2022. On 18 may 2022, I filed TDS on Property (Form 26QB) and paid the amount 30,000 along with the interest fees(4900/-) levied due to a delay in filing. I filled the correct date of payment (08-02-2021) and FY and AY were populated by website itself.

When i sent the Form 16B to my builder/seller, he/she is now asking me to file TDS again in the current FY 2022-23. I will have to bear the loss of 34900/-(30,000 + 4900) if i file again. Kindly guide, what can i do.

CA K Narasimha Prakash     3 Jun 2022

please approach your Assessing officer he will make necessary correction in the records if you provide material evidence. in case any assistance please contact tax experts or revert to us 7338838605

CA Deepika Boyina     3 Jun 2022

Tds u/s 194 IA has to be paid within 30 days from the end of the month in which it is deducted by filing form 26qb. It is to be filed or paid tds for each installment/ payment.
If you have doubt you can contact deepikajagan01@gmail.com.

CA Rahul Dwivedi     4 Jun 2022

Dear Amandeep, Technically you are correct in depositing the TDS, as per Law every-time you makes the payment you are supposed to deduct the TDS & Deposit the same with the govt. You can shoot an email to builder regarding the same & ask him to revert whatever query he has in this regard. Your builder will get the credit of TDS deposited by you in the FY 2020-21. The second option available to you is to approach the Assessing officer for correction in the AY. For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377.

CA Puja Sharma     6 Jun 2022

You can go for correction of challan by approaching the jursidictional Assessing Officer.

T&C apply

M

Manu Ahuja

4 Months ago

If my net income is zero but if i receive interest do i need to pay tax on it?

CA Roomi Gupta     13 May 2022

An individual is obligated to file an ITR if his gross taxable income( including interest) during a particular FY exceeds the maximum amount not chargeable to tax i.e Rs 250000/-
For more detail connect me @ www.tarunguptaca.com or 9216216819

CA Deepika Boyina     23 May 2022

Interest income is also taxable if greater than basic exemption limit.
For professional help contact cadeepikajagan@gmail.com

T&C apply
 
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