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Dipak
I was outside India and my resident status is Indian for this financial year.
The income earn outside inida is taxable or not?
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Yes, for Resident and Ordinary Resident, income earned outside India will also be taxable in India. Taxes will apply keeping in mind the relevant provisions off DTAA with the respective foreign country., For more information you can connect with us at ca.pujasharma@outlook.com
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Akshat Shah
I am a recent graduate, yet I am not employed. But I get income from share market and some my FD and saving account intrest. So, how can I file return by my self at home for all this income ???
You can book service for filing your return of income from home and file your return by sitting at home. To book click here: https://www.taxontips.com/income-tax-return/
CA Puja Sharma 19 Apr 2021Its better that you get your return filed by a professional consultant to get the maximum benefits of tax deductions allowable and calculating appropriate taxes. You can connect with us at ca.pujasharma@outlook.com.
CA Mehul Aggarwal 24 Apr 2021Please be advised that in case your income doesn't exceed Rs 2.50 Lakhs, you're not required to file a return. However, income tax returns should be filed only through a professional. In the hopes of saving a few bucks, you might end up paying more in the form of penalties, etc.
For any further information, get in touch at camehulagg (at) gmail (dot) com or call us at 9811 896 771
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Vishal Kv
We are going to sell a house property for 14.35lakh within 2 years of purchase, how much tax do we have to pay
I would request to book consultation to discuss it in details: https://www.taxontips.com/tax-notice-personal-consultation/
CA Puja Sharma 19 Apr 2021Capital gain will arise. For more information you can connect with us at ca.pujasharma@outlook.com
CA Mehul Aggarwal 24 Apr 2021The information provided is not enough to answer your query. Please, get in touch at camehulagg (at) gmail (dot) com
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Gurdeep Singh Saini
Hi, i have been trading crypto currency since 4 months. I have been using my savings account for frequent transfers to buy crypto currency. My aggregate credit and debit of my account has crossed 1 crore. But my overall income from this trading is less than 2.5lakh. Will i be subject to tax scrutiny?
Not really
CA Puja Sharma 19 Apr 2021You should file your tax returns appropriately to save yourself from future tax queries. Because you may get a query for high value transactions. For more information you can connect with us at ca.pujasharma@outlook.com
CA Mehul Aggarwal 24 Apr 2021Hi Gurdeep ji, a taxpayer filing proper returns will never land in trouble. The only way to do it is to hire a professional for this. Ideally, you're not even supposed to file return, but due to high value transactions you may be asked by the income tax department to file a return. For any further information, get in touch at camehulagg (at) gmail (dot) com or call us at 9811 896 771
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Venkat
I am a salaried employee and I am paying 1 lakh per annum as my house rent. My basic pay is around 13 lakhs per annum. Am I eligible to claim HRA? If yes, how much I can claim? Thanks
Yes, you are eligible to claim HRA deduction. The amount would depend upon the HRA component in total salary given by your employer. Further, documents such as Rent agreement and rent receipts should be kept in records. For any further assistance, kindly contact at deepakkucheria@gmail.com
CA Naman Maloo 18 Apr 2021That depends on your pay structure.
You can read more here: https://www.taxontips.com/house-rent-allowance-hra-available-even-when-it-is-not-a-part-of-salary-slip-hra-calculation-calculation-sheet-available/
Yes you claim HRA. We will be needing more details of your salary structure for accurate calculation. You can connect with us at ca.pujasharma@outlook.com
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