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Question & Answer


R

Reshma

28 Jul 2022

I jus filed my tax using third party and paid my taxes, but I belong to accenture where they already detect my tax from salary evry month..now i think i paid extra. What should i do now

Replies (1)                          

CA K Narasimha Prakash       28 Jul 2022

File revised return

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M

Mk

27 Jul 2022

If the trust claiming exemption under section 10(23C), withdraws some money from Bank (Corpus Donation) in Cash in expectation of paying some bills but is not able to utilise the full cash amount as on 31-03-22. What would be the treatment of Cash as shown in Balance Sheet against the application of income in mode specified in section 11(5).

No Reply  


S

Suraj

27 Jul 2022

Is Pre EMI interest credited by Builder taxable.
The Scheme mentioned in my agreement is Interest reimbursement scheme. This credited amount is shown under 194A section of my 26AS form

No Reply  


S

Shashi Shekhar

26 Jul 2022

If interest on saving account (mentioned in income from other sources) is less than 10k then can I claim it under 80TTA or not?

Replies (1)                          

CA Puja Sharma       26 Jul 2022

Yes, you can claim the deduction u/s 80TTA. Under 80TTA, you can claim a maximum savings bank interest deduction of Rs. 10,000.
For IT-related consultation, you can connect with us at ca.pujasharma@outlook.com.

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G

Gayathri Das

25 Jul 2022

I am a NRI, I am planning to make invest in startups through Lets Venture and Tykeinvestment. What are my tax implications when I exit the investments through fund resale or equity resale

Replies (2)                          

CA K Narasimha Prakash       25 Jul 2022

If you invest in a startup, and it gets sold, and your share is worth a lot more money than you paid, you'll pay capital gains taxes on that amount.

CA Puja Sharma       26 Jul 2022

You will be liable to pay capital gain taxes when you will exit from the startup by selling your shares,
For IT-related consultation, you can connect with us at ca.pujasharma@outlook.com.

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