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Question & Answer


A

Ankur Tripathi

17 Sep 2022

I am a banker , can i register a msme on udyam in india and do business along with my job

Replies (2)                          

CA Bhakti Sureshbhai Sheth       19 Sep 2022

Yes you can do the business

CA Ganesh Kakani       6 Oct 2022

Please contact CA Ganesh Kakani +91-9420683637

T&C apply


B

Bhupendra

16 Sep 2022

If one employee get salaries and paid tax for previous financial year and in this current financial we received order to recover that amount which is overpaid in last year and that employee paid tax already. So in this finance year how to calculate tax and what is the process.

Replies (1)                          

CA Ganesh Kakani       6 Oct 2022

Please contact CA Ganesh Kakani +91-9420683637

T&C apply


A

Arya

16 Sep 2022

I am a dentist and have my own clinic, my father in law is 63 years old and going to join work at Kotak as an insurance agent. They told him they can't open and salary account in his name. They need to send to salary in some account where the age is less than 30 years old. So he is asking my Pan and bank account details where kotak will transfer 40k per month and he will withdraw it later with the ATM card.

What will be the tax implication in My hands?

Replies (2)                          

CA Rahul Dwivedi       16 Sep 2022

Dear Arya,
It will be considered as your income, Clubbed with your professional income and you have to pay Tax on it. As you already had profession income so the income will fall on higher tax bracket. Exact tax implication can be worked out once we have details of your income.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377.

CA Bhakti Sureshbhai Sheth       19 Sep 2022

The question is whether the medical practionier it is allowed to do a job and practice both together

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S

Shubham Sharma

15 Sep 2022

Hello, my financial income is zero. And there is fixed deposit in my account that is going to mature soon do i need to pay tax on the interest that i am going to receive on fixed deposit.

Replies (3)                          

CA Bhakti Sureshbhai Sheth       17 Sep 2022

No, assuming the interest income is below exemption limit

ShubhamSharma    18 Sep 2022

What is the exemption limit ?

CA Ganesh Kakani       6 Oct 2022

Please contact CA Ganesh Kakani +91-9420683637

T&C apply


S

Shubham Sharma

15 Sep 2022

Hello, my financial income is zero. And there is fixed deposit in my account that is going to mature soon do i need to pay tax on the interest that i am going to receive on fixed deposit.

No Reply