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Question & Answer


K

Karthik Subramanian

15 Jul 2019

I am an NRI but I invested in Listed Shares and Tax free bonds (NHAI, REC) when I was a resident. in FY18-19, I sold off all the shares and the bonds on the exchange. Most of the securities were more than 3 years old when I sold them last year. Now when I am filing the return, I need to fill the LTCG details for the same in CG schedule. Under which sub section of PArt B do I fill the details as I can see there is a portion for NRI starting from PART B, section 5. Also where to put details of listed bonds like NHAI, REC as I am not able to find the pertinent section for the same

Replies (1)                          

CA Naman Maloo       15 Jul 2019

For listed shares there is a separate tab u/s 112A and for bonds you need to mention it under any other asset not specified above.
If you need I can assist you in filing your ITR you can mail me at canamanmaloo@gmail.com

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A

Amit Bhupal

15 Jul 2019

Sir, I have salary income on which TDS has been deducted by company.

Apart from salary income I have also given part time teaching services in one educational trust where I have received some income after deduction of TDS @ 10%. I have in 20% tax bracket. Now I have to pay additional 10% tax. can i claim any expenses under section 57(iii) against this income for avoiding tax.

I can show deduction like 80C in my ITR which is not shown in my Form No 16

Replies (1)                          

CA Vaibhav Mago       15 Jul 2019

Yes, Mr Amit, you can claim expenses from your teaching income such as printing expenses, stationary expenses, education material expenses etc.
Main purpose of telling you these expenses is that you cannot claim any capital expenditure from your this teaching income if shown as income from other sources.
For more clarification mail me at vmassociates2017@yahoo.com

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B

Bharath

14 Jul 2019

Can I exempt joining and relocation bonus from TDs

No Reply  


D

Debashis Roy

13 Jul 2019

I have paid 20% of booking amount of a flat (Flat value slightly more than 20 lakhs,under 60 sq mt in Durgapur West Bengal/ Non Metro City) in April-May 2015. Flat Agreement was registered in June 2016 and another 65% I have paid from Home Loan A/C in July -Nov 2016. Some more amount are to be paid. Now my question is that -Is I am not eligible for nil service charge for flat under 60 sq mt in non Metro city as per Central Budget 2016 and if not what will be my service tax amount and GST amount for the amount I have paid and will have to paid. -debashis.roydgp@gmail.com

No Reply  


P

Payal

12 Jul 2019

How to file ITR for income earned from Facebook

Replies (1)                          

CA Naman Maloo       12 Jul 2019

Hi sir,
You need to show it as business income its same as youtubers income.
If you have asked this question earlier also somewhere then you also need to take GST registration since your receipt is above 20 lakh.
I handle tax for certain youtubers if you need I can provide you the service you can mail me at canamanmaloo@gmail.com

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