J
Jay
I want to trade in futures and currencies but have no proof of income, which is necessary for futures and currencies. I also don't have any of the other proofs of income suggested by my broker.
Can I start my sole proprietorship (or is there any better type of ownership for this purpose?) and pay myself a salary of 10,000 or above? And claim this as proof of income?
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Mr Jay, as far as I know the broker would also accept 6 months bank statement.
Ask them.
For consultation mail me at vmassociates2017@yahoo.com
R
Ravikant Bonta
I am retired person from State govt.I want to invest my retirement corpus.Please suggest.Iam getting pension.So, No need to invest in pension scheme.
R
Rahul
Hi, my freelance income is 2,40,000. And my loss from trading is 50k. That makes my net income to be 1,90,000. Now I want to apply for HDFC credit card. I need to show an ITR of at least 2,20,000 to be eligible to get the card. What to do ? HELP.
I would suggest you to have a consultation and discuss the same over email or phone.
But it will be a paid consultation for reasonable cost.
If you need my assistance you can mail me at canamanmaloo@gmail.com
J
Jugal L
An apartment, that was bought by my father in 1976 for INR 53,570, has been sold in 2019 for INR 2.35 cr. How will the long-term capital gains be calculated?
You need to get it's valuation done for 01.04.2001 and then calculate indexed cost of acquisition and deduct it from sale price for getting capital gain and to save that capital gain you can invest in another apartment or invest in bonds upto 50 lakh. But as per me investing in apartment would be the best option
You can mail me at canamanmaloo@gmail.com for more assistance.
M
Mohan Krishna
Under which section I can claim tax refund for the TDS deducted on the lumpsum payment made by the employer to the kin of the dead employee while in active service
What is the nature of payment?
Is it the salary amount left with company or some gratuity or PF or some insurance amount received on death. Also under which section is the TDS deducted?
The answer would depend on different situations.
If you need any further assistance feel free to contact me at canamanmaloo@gmail.com
This is not the salary left with company . It is the ex-gratiA from company paid voluntarily . Under section 192 TDS is deducted...
CA Naman Maloo 8 Aug 2019there is a circular by CBDT according to which lump sum payment received is exempt in hands of family.
For further discussion and paid consultation feel free to contact me at canamanmaloo@gmail.com
