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Rich
My grandfather got some money by selling paternal property to government. Then he distributed that money to my father and uncles equally. Is that money taxable income for my father ?
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Gift from relative is not taxable and hence the distribution of sale proceeds by the grandfathers to his sons should not be taxable. For professional advice, you can reach out to me at +91 9830375894.
CA Kantha Manjegowda 10 Mar 2020gift not taxable
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Mayank
Attention (BJYPXXXX0Q), Your PAN has been flagged for not filing of ITR for FY 2018-19. Please file your ITR or submit online response under e-Campaign tab on Compliance Portal (CP). Access CP by logging into e-filing portal (My Account) - ITD
We need to see what notice has been sent.
If you need any professional assistance feel free to contact me at canamanmaloo@gmail.com
The said PAN has been flagged for non filing of return. The Income Tax Department gathers information from various sources and also there is a requirement of reporting of certain transactions to the Income Tax Department, it seems basis the same the PAN has been flagged for non filing the return. The way forward would be to analyze whether there is a requirement of filing a return, if yes the same should be filed, if not then response is to be submitted giving reason for non filing.
For professional advice, you can reach out to me at +91 9830375894.
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Madhavi Zambare
I am a medical professional and my income for current financial year is 47 lakhs. can i avail the 44ad scheme and what r the requirements for the same
yes. for details pkease contact me at acasairama@gmail.com or 9291318650.
CA Naman Maloo 9 Mar 2020You are medical professional thus you need to file under 44ADA.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com
For professional advice, you can reach out to me at +91 9830375894.
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Abhishek Jain
I am working in a company from 1st July 2015, and 31st march 2020 will be my Last working day. Am i eligible for Gratuity. The rule is of 5 year or 4 year 8 months of 4 year 240 working days?
technically yes you are eligble in my view
CA Navin Jain 10 Mar 2020Yes
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Sanskar Mandothia
If I run my e-commerce site (drop shipping model) in US by sitting in home (India), what are my all legal requirements ? Most product would be shipped by AliExpress China...
