G
Gaurav Yadav
Hi,
I have a content website and revenue comes from Display Ads. We have a team of around 10 people. Does It come under "Section AD" for taxation in India?
Facebook
Twitter
Linkedin
You can read this and this article would help you.
https://www.taxontips.com/taxability-of-income-earned-by-youtubers-instagramers-and-other-influencers-in-india-and-how-to-show-it-in-income-tax-return/
Prima facie you can take benefit of 44AD. However it is recommended to take consultation of CA at: https://www.taxontips.com/tax-notice-personal-consultation/
Regards,
S
Sangeetha Prabhu
Hello,
I have about 350 grams of inherited gold in the form of jewellery which I wish to deposit in the Gold Deposit Scheme offered by the Govt through various banks. I understand this will offer interest on the deposit which is tax free and the overall proceeds from the deposit at the time of maturity is also tax free. However, I do not have any invoices for the gold items I plan to deposit (as it is inherited and no documentation was passed on to me). Will the lack of invoices/documents create any challenges if I tried to open a deposit under the GDS scheme? Please advise.
M
Mohit
I am a government employee. I have all the money with genuine source of income and I have been filing ITR since last 5 years. I am purchasing a property for which I have to give some cash in deal. So how to withdraw from bank as per IT rules.?
For professional help reach us @ www.tarunguptaca.com or call @ 9216216819
T&C applyS
Sumantra Das
I bought an apartment in Bangalore on 2016 at 57 lakhs.My wife and me was joint owner of the property. The sale agreement value was 43 lakhs and Construction agreement value was 14 lakhs.The property was registered at govt value of 43 lakhs and stamp duty registration charges of 3 lakhs was paid on that.Now Sept 22 I sold it for 52 lakhs.We are now buying another apartment at 1Cr.My questions are:1.What is the tax implications for the above transactions?Do I need to pay any tax?2.How this Capital loss can be reported in ITR?3.Do I need to park the sale amount in capital gains account or I can pay immediately for purchase of new house?
Exemption under section 54 can be claimed in respect of capital gains arising on transfer of capital asset, being long-term residential house property. For professional help reach us @ www.tarunguptaca.com or call @ 9216216819
M
Maninder Singj Bali
What else can I do to make my money tax free other than section 80 c 1.5 money tax free
Please contact CA Ganesh Kakani +91-9420683637
CA Roomi Gupta 8 Oct 2022Apart from 80C, various other provisions allow deductions to taxpayer like 80D , 80GG , Section 24 etc. For professional help connect us @ www.tarunguptaca.com or call @ 9216216819
T&C apply
