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Question & Answer


R

Rahul

14 Aug 2019

Hi, my freelance income is 2,40,000. And my loss from trading is 50k. That makes my net income to be 1,90,000. Now I want to apply for HDFC credit card. I need to show an ITR of at least 2,20,000 to be eligible to get the card. What to do ? HELP.

Replies (1)                          

CA Naman Maloo       14 Aug 2019

I would suggest you to have a consultation and discuss the same over email or phone.
But it will be a paid consultation for reasonable cost.
If you need my assistance you can mail me at canamanmaloo@gmail.com

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J

Jugal L

10 Aug 2019

An apartment, that was bought by my father in 1976 for INR 53,570, has been sold in 2019 for INR 2.35 cr. How will the long-term capital gains be calculated?

Replies (1)                          

CA Naman Maloo       10 Aug 2019

You need to get it's valuation done for 01.04.2001 and then calculate indexed cost of acquisition and deduct it from sale price for getting capital gain and to save that capital gain you can invest in another apartment or invest in bonds upto 50 lakh. But as per me investing in apartment would be the best option

You can mail me at canamanmaloo@gmail.com for more assistance.

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M

Mohan Krishna

8 Aug 2019

Under which section I can claim tax refund for the TDS deducted on the lumpsum payment made by the employer to the kin of the dead employee while in active service

Replies (3)                          

CA Naman Maloo       8 Aug 2019

What is the nature of payment?
Is it the salary amount left with company or some gratuity or PF or some insurance amount received on death. Also under which section is the TDS deducted?
The answer would depend on different situations.
If you need any further assistance feel free to contact me at canamanmaloo@gmail.com

Mohan krishna    8 Aug 2019

This is not the salary left with company . It is the ex-gratiA from company paid voluntarily . Under section 192 TDS is deducted...

CA Naman Maloo       8 Aug 2019

there is a circular by CBDT according to which lump sum payment received is exempt in hands of family.
For further discussion and paid consultation feel free to contact me at canamanmaloo@gmail.com

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K

Kbothra

7 Aug 2019

When I fill capital gain in schedule CG of itr-2 in b 4.. I have ₹14000 as LTCG. Uts getting taxed.The deduction of 1lakh is not showing up in total calculation. How to fill aggregate capital n in which row?

Replies (1)                          

CA Naman Maloo       7 Aug 2019

what is your type of capital gain because only capital gain from listed shares and equity oriented fund is not taxable upto 1 lakh and that is covered u/s 112A which has a separate tab in ITR 2.
If you need any assistance feel free to contact me at canamanmaloo@gmail.com

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J

James Bond

7 Aug 2019

Is it compulsory for business address that you'll buy new office ?? what about your home(living with parents) or rented home??

Replies (1)                          

CA Naman Maloo       7 Aug 2019

Sir you are asking too many questions if you need full consultation feel free to contact me at canamanmaloo@gmail.com

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