S
Satbir Singh
I am selling my residential Property on next month. My deal is Done at 50Lakh.They will pay me via Cheque. What will be the next step after getting Cheque. Should I have to deposite whole money into my saving account or elsewhere? I required yours Step by Step guidance.
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Hello
Capital gain will b attracted however it can be saved.
For further clarification please contact cashrutigoyal127@gmail.com
For a step by step process it is recommended to book a consultation with expert to plan tax properly.
Link for consultation is: https://www.taxontips.com/tax-notice-personal-consultation/
Capital gain will arise in your case. You have to reinvest the gain or proceeds if you want to claim any exemption.
For more discussion, you can book a consultation with us at ca.pujasharma@outlook.com
A
Amit Singh
Is a transaction between a person (from one company/entity) and his brother in law specifically (from another company/entity) considered "related party transaction" ? If yes, then what precautions can be taken ?
D
David
My family bought some gold for my sister's birthday.We bought ornaments worth 2 lakh 15 thousand.(a purchase of 1 Lakh + 1 lakh 15 thousand). While billing my personal phone number was used for billing. I don't have a pancard.
My query is that will there be any issues related income tax related to the purchase as my personal number was used. I don't file itr and is concerned.
Dear David,
Only use of mobile no will not create any problem for you.
For Further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377.
K
Kshitija Saxena
For Tax exemption under 80D/80DD/80DDD for medical treatments/pharmacy/checkups/tests do I need to medical insurance or having the receipts of the same are enough?
Hello
80d health insurance is required
80dd and 80ddb deduction for listed expenses is given.
Plz contact cashrutigoyal127@gmail.con
V
Vivek Kumar Verma
My mother underwent medical treatment for Interstitial Lung Disease at a private hospital and later expired. A proportion of her hospital bills was reimbursed by her employer and it was paid to me post her death in FY22. Is the amount taxable in my hands?
