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Question & Answer


L

Lasya

9 Apr 2022

I have 2 PAN cards. How do I surrender PAN card which is not in use. To surrender card officers are asking original card but I lost it. How do I cancel PAN number.

No Reply  


K

Kishore

9 Apr 2022

I have linked my Aadhaar and PAN on 31sr March 2022 and received SMS that my PAN and Aadhaar are linked but when I check status online it is showing "still under process". Is my Aadhaar and PAN linked or not. If once Aadhaar and PAN are linked is there any chance to unlink.

No Reply  


M

Mahendra Singha

8 Apr 2022

I earned INR 11 lacs in the past year. However, 9 lacs are still lying in my bank account since my brother had paid for my expenses. Can I claim 50% of my income as my expenses under Section 44ADA of IT Act when my bank account suggests otherwise?

Replies (2)                          

CA Puja Sharma       9 Apr 2022

Yes, you can claim your Income u/s 44ADA. For a more detailed discussion connect with us at ca.pujasharma@outlook.com

CA Naman Maloo       10 Apr 2022

It depends on what type of service you are providing.

I would suggest you to book consultation with expert at: https://www.taxontips.com/tax-notice-personal-consultation/

T&C apply


M

Meenakshi

8 Apr 2022

I am an individual and i have employed 15 persons whose salary is 9000 per month. Can I make payment in cash and avail deduction of salary paid as business expenditure. Is EPF mandatory to be paid as i am not a company.

Replies (1)                          

CA Puja Sharma       9 Apr 2022

Yes you can pay salary upto Rs. 10,000 in cash to an individual. For a more detailed discussion connect with us at ca.pujasharma@outlook.com

T&C apply


V

Vishnuprasad V

7 Apr 2022

Iam an Indian resident. Can i trade derivative in us listed stock specifically long call on leaps(long-term equity anticipation securities) .

No Reply