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Harjot Singh
I trade on iq option, i withdraw money from it through bitcoin. i m having money in my bitcoin wallet. i want to sell it and transfer money into my bank account. i m ready to pay tax on bitcoin. IS it possible?
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Yes now you can as now its safe to withdraw money from bitcoin but I cant understand what is iq option and how do you invest money in it.
If you need any professional assistance feel free to contact me at canamanmaloo@gmail.com
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Murugan
Is it okay if I pay more advance tax than required to avoid penalties? Will I get the excess amount after I pay the full tax?
there is problem in paying more tax, but excess claim it as refund takes time
CA Naman Maloo 14 Mar 2020Yes it's okay you can claim refund.
CA Ankit Chaudhary 26 Mar 2020Yes, you can claim the refund of the excess tax paid by filing your Income Tax return. Thank You!
Ankit Chaudhary - 7604033340
A
Ali
Can I offset my gains in bitcoin by the losses in my stock portfolio?
depends on type of capital gain and loss.
If you need any professional assistance feel free to contact me at canamanmaloo@gmail.com
my view bitcoin is currency, set off is difficult
T&C applyS
Satheesh
I am buying a house where the construction is complete in FY 19-20. However I will be registering the property in FY 20-21. will I be able to claim home loan interest deduction for FY 19-20 with a completion certificate from the builder?
As per section 24 it speaks about completion of construction and hence if construction is completed in 19-20 the interest before it would be available in 5 installment and after that it will be available every year.
If you need any professional assistance feel free to contact me at canamanmaloo@gmail.com
H
Harjot Singh
I am having 2 bitcoin in my wallet. I want to sell them and get money in my bank account. I am ready to pay tax. But not ready to show source of earning bitcoin. Is it possible
At the time of filing return of income you are not required to explain the source it is only required if your case comes under scrutiny.
If you need any professional consultancy feel free to contact me at canamanmaloo@gmail.com
ur paying tax on income, what is the issue in showing natuer of income
T&C apply
