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Piyush Chouhan
For exemption of LTCG tax, can i use capital gain amount partially or fully to purchase plot after 2 years of selling old property and construct house by loan or savings on this plot ?
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The requirement of law is that the new house should be constructed within 3 year, that requirement needs to be fulfill to avail exemption. You can utilise capital gain amount & balance by loan/personal saving construct new house to claim the exemption within the stipulated time.
For detailed discussion reach me on ca.rahuldwivedi@gmail.com or 9004485377
C
Chaitanya
Hi, I recently got form 15ca & 15cb for repatriation and submitted that to bank. now the bank reviewed the forms and asked for some corrections in the both the forms. Now for doing correction should I get new form 15ca & cb? Should the older one get cancelled? will filing new form cause issue as previous forms were filed but were having incorrect detail?
Yes, New form has to be submitted with new UDIN. Old 15CA and 15CB has to be revoked. CA has also to revoke old UDIN. For more details you may connect on 8826016982
CA Rahul Dwivedi 28 May 2021Agreed with CA. Dhiraj JI
T&C applyS
Shivani Yadav
Hi, my current annual salary package is 5 Lakhs i was entitled to a bonus of 1,25,000 but i have recieved only 1,13,269. Can u please tell me why my tax has been deducted and how can i reclaim it?
Total Tax on 625,000 income comes to approx 38,000 in case no deductions are there under Section 80C, 80D or for HRA etc. For exact calculation of tax, some more information is required on your CTC breakup and tax benefit expenses/investment. For more details you may connect on 8826016982
The basic exemption limit is 5 Lcas so if you have not submitted the docs to your employer for 80C deductions might be possible he has deducted TDS. You can claim the TDS refund by filing Income tax return.
For detail discussion you can reach me on ca.rahuldwivedi@gmail.com or 9004485377.
R
Ray
Is FD of a partnership firm taxed? What if the FD has not been broken yet? And will the remaining balance in current account be treated as profit?
Amount of FD is not taxable only interest on FDR is taxable .
for addition discussion you can reach me on ca.rahuldwivedi@gmail.com or 9004485377
T
Tejashree
Is forex trading only allowed for business purposes?
Please clarify the query specifically.
you can open the demate account & trade in currency derivative.
