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Question & Answer


V

Vsrmurthy Vendra Vendra

11 Mar 2018

Can a tax consultant income be shown under 44ADA. It does not come under Sec 44AA. Can I show the income of a RMP DOCTOR who is not MBBS, income of homeopathy doctor, income of a purohith or private poojari under 44ADA. please clarify immediately.

Replies (2)                          

CA Amit S       13 Mar 2018

Professionals who can make use of this section are from the legal, medical, engineering, architectural, accountancy, tech consultancy, and interior decoration
These may not have technical certificate so please examine.

CA Rahul Agarwal       13 Mar 2018

Hello , professional services mentioned under the act is wide and not very specific it doesnt mention clearly the requirement of technical expertise.

T&C apply


S

Sakshi Khandelwal

9 Mar 2018

Can i link my Aadhar and pan if my Aadhar has my married name and pan card old name. Please advise

Replies (2)                          

CA Rahul Agarwal       9 Mar 2018

It depends what details are submitted when making the adhaar, IT site will ask you all the details and send to UIDAI for verification, its verified with matching details it will be linked irrespective of different name.

CA Amit S       13 Mar 2018

You have to apply for change of name

T&C apply


H

Harry Potter

1 Mar 2018

I have a small query regarding TDS on property. I had booked a flat and paid the TDS as applicable. The flat is not yet registered. Now I want to buy another flat of same value in the same apartment complex instead of the booked one. In this case how the TDS already paid will be adjusted. And what I have to do.

Replies (3)                          

CA Ankit Chaudhary       2 Mar 2018

If the seller is different, then you need to pay TDS on the entire amount of 2nd property. If the seller is same, you may pay on the differential amount. Thank You!

CA Rahul Agarwal       9 Mar 2018

Hello Harry, This is buying a different property irrespective if it is in same apartment. TDS will not be adjusted you need to pay separately. For more details you can book an appointment with me on Finaco.

CA Amit S       13 Mar 2018

no you have to claim in the return

T&C apply


A

Alok Rai

28 Feb 2018

A PVT COMPANY IS GOING IN FOR A REVERSE MERGER WITH A LISTED COMPANY. THE SHARES OF THE PVT COMPANY ARE PLEDGED TOA BANK. HOWVER ALL THE ASSETS OF OF THAT COMPANY ARE ALSO MORTGAGED WITH THE BANK. I NEED TO KNOW THAT IF THE ASSETS OF THE COMPNAY CONTINUE BEING MORTGAGED WITH THE BANK AND THE SHARES PLEDGED ARE RELEASED BY THE BANK, WILL IT RESULT IN ANY KIND OF DILUTION IN SECURITY CHARGED TO THE BANK. BECAUSE I AM ASSUMING THAT WHEN THE ASSETS ARE COMPLETELY CHARGED O BANK THEN THE SHARES DONOT HOLD ANY VALUE. . NEED CLARITY

Replies (1)                          

CA Amit S       13 Mar 2018

Bankers or financiers give loan taking the shares as collateral. Hence, whenever the price of the share come down to a certain level in the secondary market, the lendee is required to either make some payment or pledge more shares.

T&C apply


S

Sumit Ahuja

27 Feb 2018

Hi
I am Sumit Ahuja. Actually few days back my youngest brother received a letter from income tax department regarding exceeding limit of 2.5 Lakh Rs. in his account i.e in my brother account. But he is student pursuing MBA and he is not earning anything all that I just sending all the money into his account to meet his study expenses. So kindly tell me how I can deal with that letter , as I am working professional in bangalore and I had paid the taxes as my employer deduct the tax from my salaries. How my brother will reply to their letter, should he have to file an ITR . Kindly suggest me Sir.
My email sumitahujask21@gmail.com

Replies (1)                          

CA Rahul Agarwal       28 Feb 2018

Dear Sir, We have replied to your query on your email id

T&C apply