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Question & Answer


B

Bhavesh Joshi

17 Dec 2022

If x amount is withdrawn from the current account to the savings account (both accounts are of the same proprietor) and the same amount is redeposited back to the current account. Will it be considered a reverse entry or a fresh capital added? Little confused about how it can be considered?

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P

Parag

16 Dec 2022

My father expired some days ago and the money from his Savings account, FD's were transferred to my mother's account who was mentioned as nominee everywhere. From my knowledge, my mother will not have to pay taxes on the money received in her account, but I wanted to know if my mother transfers a certain amount to me from the total received amount, will I have to pay taxes on the amount I received from her or is there any maximum amount that can be transferred by my mother to me tax free ?

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Saksham Karunakar

15 Dec 2022

Hi and thank you in advance: I am resident of India I have a company registered in Netherlands area of business is trading in financial instruments like derivatives forex etc. I need to find a way to pay 0 taxes here in india without leaving India.

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J

Jitendra Kumar

15 Dec 2022

Can pvt company give advance salary of 2-3 months to director?

Replies (1)                          

CA Rahul Dwivedi       15 Dec 2022

Not permissible

T&C apply


B

Balraj

15 Dec 2022

I had Taken A Personal Loan Of Rs 10 Lakh in July 2022 from a Bank. Out of It I had withdrawan 5 Lakh in cash at that time. Now I have 5 lakh in Cash In Novemebr 2022. Can I repay It in cash in personal Loan? Will it attract any Income Tax penalty if I do so?

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