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Rajan Kumar Bhandari
I am in contractual job.My employer is giving form 16 instead of 16A.Can i get the TDS returned by declaring half of my gross salary by filling ITR4
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No if he is filing Salary TDS then it wont be possible for you to show half salary as a query would be raised for mismatch in income between 26AS and your return of income.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com
NO
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Mandeep Chauhan
How to handle online payments for Errand Services Business? Need to accept amount of goods/service + my own service charges.
Its a business income and you can deduct goods/service amount and pay tax on your own service charge.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com
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Priyanka
I have been depositing some cash (up to Rs 3 lakh/year) given by my parents into my bank account. How is it taxed? Should I show it as my income?
No its a gift dfrom parents no tax on same.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com
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Praveen
I contribute to section 80C for 1.5lakhs per year by investing in PPF, NSC. Can I contribute to NPS for 50,000 and claim it under 80ccD? or should I contribute the initial allowed investment of 1.5lakhs under NPS only to avail the extended benefit of 50,000 deduction?
Contributions made towards Tier 1 are tax deductible and qualify for deductions under Section 80CCD(1) and Section 80CCD(1B). This means you can invest up to Rs. 2 lakh in an NPS Tier 1 account and claim a deduction for the full amount, i.e. Rs. 1.50 lakh under Sec 80CCD(1) and Rs. 50,000 under Section 80CCD(1B).
CA Aditya Choudhary 3 Feb 2020In short yes but only if u invest in NPS Tier 1
For any further advisory, feel free to call me at +91-9873585012
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Prakash Ghogale
I am going for a job to saudi from March 2020,will i be taxed
For all income earned in India, till february you will be taxed, on future income , earned in India like rent or interest will be Taxed in India, for more clarification please reach out to us at +91 8861200411
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