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Question & Answer


A

Ashlin

18 Sep 2021

EPF withdrawal before 5 years of service. Need help in calculating TDS if income in AY is nil.

Replies (1)                          

CA Yash Jain       1 Oct 2021

Rule 6 & Rule 11 has to be calculated to determine the exact tax payable on the same, send an mail to admin@finaco.in for detailed explanation

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J

Jayesh

18 Sep 2021

Advice on withdrawal process from epfo for house purchase (i have > 5 years of service). and if i can withdraw money first, buy the property then using the money or i need to buy property first and then only after submitting papers i can withdraw? without withdrawing money first it is not possible for me to buy

Replies (1)                          

CA Yash Jain       1 Oct 2021

You can withdraw the amount

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V

Vengatesh

18 Sep 2021

Good Morning everyone out there.
I am person just finished college and not working and I have decided to trade stocks.
I've got 5Lakhs from my father who is a farmer (from his savings), Will there be any scrutiny if I deposit the amount on my bank account.
I've read that deposit of amount above 2.5 Lakhs will attract scrutiny. My father don't do itr becoz he earns less and the amount is his savings for years.

Replies (1)                          

CA Mehul Aggarwal       18 Sep 2021

Hi

Legally, you are not doing anything wrong. It is allowed as per the income tax act. But even if the department sends you notice, you should not be afraid of it. They just ask for a clarification, and if you provide them with one, they won't charge any kind of penalty on you.

For more clarification, please feel free to contact us at camehulagg@gmail.com or 9811896771

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D

Dev Kr

17 Sep 2021

If a person named mr.x has a personal registration in bihar building construction, can he run a business firm in same department being 90% partner of the firm

Replies (1)                          

CA Yash Jain       1 Oct 2021

Yes, GST does not bar on address of place of business

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J

Jees K Kuruvilla

16 Sep 2021

F& o trading tax

Replies (1)                          

CA Hunny Badlani       17 Sep 2021

Hello,
F&O Trading is considered as a normal business and income from F&O trading is taxed at slab rates for individual.
I hope that this answer satisfies your requirements. For any query or if you want to know our charges for tax audit in your case or documents required for the same, please feel free to contact us at badlaniassociates at Gmail.

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

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