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Jhon
I've taken a home loan for a purchase of flat two years back, Im property is under construction, recently my dad sold out his plot and we identited there would be LTCG on the returns, to save LTCG on my fathers retrun, can he give that money to me to buy my flat and save LTCG tax on his property? is there any provision for such thing?
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Dear Jhon,
The capital earned by your father on sale of property can't be saved by giving money to you. The person who had capital gain needs to invest money to save LTCG. You can't invest to save LTCG of your father.
For further Consultation you can approach us at ca.rahuldwivedi@gmail.com or 9004485377.
S
Supriya Khanna
How to open NRI Account in India? Where to open it? What are its benefits? Will I have to pay tax on the overseas income I put in it?
Dear Supriya ,
There is no account by the name NRI account. NRI can open NRE account & NRO account with any bank. NRE account is used to park foreign earnings and not taxable in India and NRO account is opened by NRi to manage earnings in India.
For further Consultation you can approach us at ca.rahuldwivedi@gmail.com or 9004485377.
If you become NRI as per FEMA act then you can open NRE account and NRO account.
For better consultation you can book consultation at: https://www.taxontips.com/tax-notice-personal-consultation/
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Nitish Vaishnav
What will happens when a govt employee filla itr 3 or itr 4 to show intraday fno trading profit?? As from rule govt employee cant do intraday fno
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Anirban Banerjee
What is/are the way/s to save tax?I work in a MNC where I don't have taxable income & simultaneously I work as a consultant in a different company where a 10% TDS deduction.My total gross income is 9.51 lacs yearly.TDS deducted 4k monthly.
There are several ways to save taxes. Kindly book a consultation to understand the financial planning as per your risk appetite. You may connect with us at deepakkucheria@gmail.com or +91-9911744028
CA Rahul Dwivedi 6 Aug 2022Dear Anirban,
You are getting professional fees for rendering consultation service, for freelancer tax planning can be done within the ambit of law and tax can be saved to great extent.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377.
C
Chirag Mehta
In job work if contract envisages retaining of scrap by job worker then should principal raise sale invoice of scrap on job worker?
If contract doesn't envisage scrap retention but still job worker sells scrap then how can principal show scrap outward? Should it show under indirect income by creating a debit note entry?
