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A
Arya
I am a dentist and have my own clinic, my father in law is 63 years old and going to join work at Kotak as an insurance agent. They told him they can't open and salary account in his name. They need to send to salary in some account where the age is less than 30 years old. So he is asking my Pan and bank account details where kotak will transfer 40k per month and he will withdraw it later with the ATM card.
What will be the tax implication in My hands?
Dear Arya,
It will be considered as your income, Clubbed with your professional income and you have to pay Tax on it. As you already had profession income so the income will fall on higher tax bracket. Exact tax implication can be worked out once we have details of your income.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377.
The question is whether the medical practionier it is allowed to do a job and practice both together
T&C applyA
Ankur Tripathi
I am a banker , can i register a msme on udyam in india and do business along with my job
Yes you can do the business
CA Ganesh Kakani 6 Oct 2022Please contact CA Ganesh Kakani +91-9420683637
T&C applyS
Shubham Sharma
What is the exemption limit on interest income if there is no other income ..
S
Shubham Sharma
Hello, my financial income is zero. And there is fixed deposit in my account that is going to mature soon do i need to pay tax on the interest that i am going to receive on fixed deposit.
No, assuming the interest income is below exemption limit
Shubham Sharma 18 Sep 2022What is the exemption limit ?
CA Ganesh Kakani 6 Oct 2022Please contact CA Ganesh Kakani +91-9420683637
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