D
Dilip Kumar
I have ten cents of land in Palakkad, Kerala. A builder is ready to build a house in it and sell the land. Here I will have to sign the sale deed and get the whole money including the cost of the land-as agreed upon by us- will come to me the cost of the house as priced by the builder will have to go to the builer! This being the case, I will have to pay the tax for the whole amount and the builder will have not tax liability!
I am not a tax payer. Please advise me how I can avoid paying the tax for the whole money. What kind of contract I will have to enter with him to avert this tax?
I am a poor man and your dvice will be a great help to me.
Yours truly,
Dilip Kumar
J
Jonathan Dsa
Regarding FEMA rules. Would LIKE to know what is the Limit FOREIGN CURRENCY in CASH can Be Kept at HOME?
S
Syed
Hi,
I earn a rental income of Rs 70,000 per month. I have done Intraday stock market trading. My total stock market trading turn over for the Financial year 2020-21 is Rs 4.5 crores. I have incurred a total loss of Rs 7 lakhs in Intraday trading. Do I need to get a tax audit done from CA ?? Please advice..
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Have you correctly calculated your turnover?
You can book a consultation with expert at: https://www.taxontips.com/tax-notice-personal-consultation/
Or read this to correctly calculate your turnover. https://www.taxontips.com/how-to-calculate-turnover-in-case-of-intra-day-and-future-and-option-trading-for-income-tax-purpose/
T
Thomas Domin
I am planning to sell a land property that would fetch around 60-80 lakhs. While re-investing this for buying another property is an option for saving taxes, I'm looking for other investment options with maximum tax savings. One of the options that I would like to explore is investing in pension funds or buying annuity. Other option is investing in tax saving bonds. There could be other options too. Need guidance on how to go about.
You can connect us on 9891716581 for professional advice on above matter . Ca Prateek Babbar
CA Naman Maloo 21 Feb 2021Yes you can very well invest in tax saving bonds and it will save your tax as well but it won't give you much return.
You can connect over email for more assistance at canamanmaloo@gmail.com or you can book consultation with expert at https://www.taxontips.com/tax-notice-personal-consultation/
E
Evan
I want to know,if I open a bank account with my friend, will there be any issue at the time of filing taxes?
You can not open bank account with your friend. Only blood relationships can open joint ac .
You can connect for futher advice CA Prateek Babbar 9891716581
