J
Jay
I was employed by a company from the year 2015 till Oct 19th 2020. I took up a freelancing job for around 2 months where I earned around Rs 456934.8 from Oct 26th 2020 till Dec 11th 2020. I recently took up a new job in a company where they asked me to fill out a form12c which includes profits/losses/gains from profession. Do I need to show the entire amount mentioned above?
How can I save my tax? I bought some items needed for my work like macbook and ipad around 2 lacs, can I use that as expenditure towards work?
Thanks
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That must be for TDS.
You can avoid to show that and later show the same in your ITR and pay advance tax accordingly.
Thanks Naman
T&C applyS
Sajith Satheesan
I am looking to sell my property in March. Want to know how much will be the Long Term Capital gain and what do I need to declare for 2020-2021 tax filing.
You can book consultation at: https://www.taxontips.com/tax-notice-personal-consultation/
To get expert help.
D
Dilip Kumar
I have ten cents of land in Palakkad, Kerala. A builder is ready to build a house in it and sell the land. Here I will have to sign the sale deed and get the whole money including the cost of the land-as agreed upon by us- will come to me the cost of the house as priced by the builder will have to go to the builer! This being the case, I will have to pay the tax for the whole amount and the builder will have not tax liability!
I am not a tax payer. Please advise me how I can avoid paying the tax for the whole money. What kind of contract I will have to enter with him to avert this tax?
I am a poor man and your dvice will be a great help to me.
Yours truly,
Dilip Kumar
J
Jonathan Dsa
Regarding FEMA rules. Would LIKE to know what is the Limit FOREIGN CURRENCY in CASH can Be Kept at HOME?
S
Syed
Hi,
I earn a rental income of Rs 70,000 per month. I have done Intraday stock market trading. My total stock market trading turn over for the Financial year 2020-21 is Rs 4.5 crores. I have incurred a total loss of Rs 7 lakhs in Intraday trading. Do I need to get a tax audit done from CA ?? Please advice..
Have you correctly calculated your turnover?
You can book a consultation with expert at: https://www.taxontips.com/tax-notice-personal-consultation/
Or read this to correctly calculate your turnover. https://www.taxontips.com/how-to-calculate-turnover-in-case-of-intra-day-and-future-and-option-trading-for-income-tax-purpose/
