Poonawalla fincorps


Sneha Sunny George
12 July 2022 at 13:13

Cash paid more than 10000

One of my client made a payment to airport for buying ticket in cash of Rs 20000/- will it be disallowed in income tax?


SUDHEEP M
12 July 2022 at 12:24

Requirement of IE Code

Sir,

My company was specialized in software development and also doing software export. Whether IE code was mandatory in my case?. Whether there was any exemption or threshold limit?. Also procedures of taking IE code.


JAMAL KHAN

How to calculate interest u/s 234ABC


kaushal mistry
12 July 2022 at 11:49

IT paid but not reflected

Dear Sir

Dated 8.7.2022 I filed ITR 1. Net Payable amount Rs 2200/-

Paid from my SBI account the amount deducted dated 9.7.22. ( Transection id with me )
but the challan copy not received on my id.
Still date the amount not setup with my outstanding. Still date showing Rs 2200/- Payable

What should i do Pls suggest.


VIJAY D KULKARNI

sir, one of my client who is 78 years old receives 10 year postal RD poceeds in fy 2021-2022 resulting in liability of paying higher amount of income tax. As such my query is whether he is liable to pay income tax on entire amount of RD interest portion or he will get any deduction/concession to avoid paying higher amount of income tax. pl advice.
vd kulkarni
pune.


SHAHNH
12 July 2022 at 11:07

BuyBack proceeds

Dear Experts,

If a shareholder receives income from buy back of shares of a listed company, where should he include it in ITR-2 ?

Have received proceeds from TCS BuyBack which are tax exempt but need to reflect in ITR-2.

Also it’s STT paid so it’s there need to deduct the broker charges and reflect the net payment.

Thanks in advance


Jagjeet Singh
12 July 2022 at 08:52

Maturity of FD

मैं और मेरी माताजी ने 10 साल की joint FD करवाई थी। माताजी की DEATH हो गई है । अब जो FD का पैसा मिलेगा, क्या उस पर कोई टैक्स लगेगा?🙏


Lalit

Can a CA holding ( apply Full or Part Time) COP , and join Partnership CA firm- if he is full time employed ( salaried) in this family business .

Can i if I work as salaried in family business , and join two Ca firms as partner ( Part Time / Sleeping ) and Earn extra income per year. Since , I have a degree and not being used till now and want to use it to good effect or to again some practical knowledge or to gain a side income is this possible.

Would not be doing the arrest function Etc - would it be of any help for the Ca Firms . If so what kind of opportunities can I expect in current market senario. Or is it against the code . Please guide me.


Suresh S. Tejwani

ABC is a partnership firm. ABC has no sales during the assessment year 2022-23 as it's business is not yet started. But the firm has purchase during the year.

Whether the firm ABC is laible to tax audit or not ?
OR whether the firm ABC is laible to income tax return ?


Anita Khosla

1) I raised a housing loan for the purchase of a property in Chandigarh in 2021 and started paying the EMIs immediately. However, the possession of the property was given by the builder in March 2022. Can I claim the exemption of the interest on the EMIs paid during the whole of the financial year during 2021-22 or only on the EMIs paid after getting the possession?
2) I am presently residing in a rental building in New Delhi and claiming the income tax rebate on the HRA provided by the company and have bought a property in Chandigarh which is occupied by my family. I am paying the EMIs on the housing loan raised for buying this property? Can I claim the rebate on the interest component of EMI for this property in Chandigarh, simultaneously with the rebate on HRA for the rent paid in New Delhi?