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Question & Answer


D

Dr. Ajay Goila

9 Sep 2021

I have sold three properties and bought one, will the LTCG from all three properites can be adjusted in one newly bought property?what is the IT rule for this?

Replies (1)                          

CA Rohit Jain       10 Sep 2021

Yes,
If all other conditions are satisfied. for more details call me on 9929511888

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O

Omkar Jadhav

8 Sep 2021

I want deduction for medical expenditure but its doesnt showing on forum 16

Replies (2)                          

CA Mehul Aggarwal       8 Sep 2021

Hi, you need to file your ITR wherein you can claim the said deduction. For more information, please feel free to contact camehulagg@gmail.com or 9811896771

CA Rohit Jain       10 Sep 2021

You can claim it in ur ITR form. For more information, please feel free to contact 9929511888

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S

Somashekhar

8 Sep 2021

My brother in law(wife's brother) has earned 2 crore through commission and received the amount after TDS deduction form a company account into his saving account. He wishes to provide me 1 crore. what is the process should we execute and gift deed? what are the implications of income tax.

Replies (2)                          

CA Mehul Aggarwal       8 Sep 2021

Your brother in law should transfer the said amount in your wife's account. In such a case, income tax will not be applicable. No gift deed to be executed. For more information, please feel free to contact us on 9811896771 or camehulagg@gmail.com

CA Rohit Jain       10 Sep 2021

Brother can gift any amount as gift to sister. Better to execute a gift deed as an documentary evidence. For more information, please feel free to contact on 9929511888

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P

Pavan

7 Sep 2021

Just opened a Pvt ltd company before 6 months and gave bank statement recently it's 2 days late for filing Inc of compliance. How much fine should I pay for that

Replies (1)                          

CA Mehul Aggarwal       8 Sep 2021

Hi, late filing fees for INC 20A is twice that of the normal fees, in your case, since the delay does not exceed 30 days. The normal fees depends upon the share capital of the company. For more information, please feel free to contact us on 9811896771 or camehulagg@gmail.com

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H

Hita Prem

7 Sep 2021

CAN A SOLE PROPRIETOR HAVE ANOTHER SOURCE OF INCOME THAT IS NOT LIABLE TO GST

Replies (1)                          

CA Mehul Aggarwal       8 Sep 2021

No

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