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Question & Answer


S

Sagar Khurana

4 Apr 2018

Buying bitcoin from friend through net banking is legal or illegal. If it is illegal then under which section it is illegal.

Replies (1)                          

RK & Associates       4 Apr 2018

As of now there is no law regulating bitcoin or its trade.

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A

Ashwani Kumar

3 Apr 2018

Sir, I am a web developer, along with this, I also make online payments with my Credit Card (in my name) of my clients who are not familiar with computers and have minimum charges from them. Total of payments including charges reaches near about Rs. 4, 00,000 in a financial year.
Sir, Now I want to start a manufacturing SME unit to manufacture engineering goods and want to keep web designing as part-time works where I also will make payments for my clients with my personal Credit Card. Sir, My question is, After having GST Number in my new proprietorship firm, would there be some issues to fill my personal ITR.

Replies (1)                          

CA Rahul Agarwal       3 Apr 2018

You need to maintain proper books of accounts and include the net charges as your income and then accordingly file your ITR

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S

Sai Natha Reddy Buchupalli

2 Apr 2018

I am a student and I do online tutoring in my free time.My income in the current financial year is approx 25,000.Which ITR should I file and can be done online??

Replies (2)                          

CA Rahul Agarwal       3 Apr 2018

ITR 4 since its a professional service, Yes it can be done online

Sai Natha Reddy Buchupalli    8 Apr 2018

TDS of 10% has already been detected .But is it mandatory to file return?My income is below taxable limit.I am not interested in tax refund

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R

Rajarshi Bhattacharjee

31 Mar 2018

Income Tax:Can i claiming deduction for section 80dd and 80ddb for my father who has a Motor neuron disease. He earns pension. Will he be considered as a dependent in that case.

Replies (1)                          

RK & Associates       3 Apr 2018

You father is allowed to claim it under section 80U on the basis of disability

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P

Pooja Sachdeva

28 Mar 2018

I had bought a property for RS 11 lakhs in 2001. And sold it in 2017 for RS 28 lakhs.will there be any capital gain tax..if yes..how much ?

Replies (1)                          

CA Rahul Agarwal       28 Mar 2018

Hello Pooja, you will be liable to long term capital gain tax. For more details please book a service in finaco or drop an email admin@finaco.in

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