Nikhil Kaushik's Expert Profile

Queries Replied : 23979

In case you are looking for tax compliance or advisory services, you can reach me at canikhilkaushik @ gmail.com

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ntc pioneer says : Agricultural income tax applicability
What are the tax implications in the following cases? 1) agriculture income 4000 p.a and non agriculture income 100000 p.a 2) agriculture income 6000 p.a and non agriculture income

vijay says : Foreign money as gift
Dear Mr. Nikhil Could you help us understand receiving foreign money from a foreign individual to an Indian citizen as a gift for personal use? Is there any limit on such personal gifts as per income tax, and is there any limit from the FCRA perspective? Appreciate if you could please share your thought so this mat

Suresh Golla says : 26AS
Dear Sir I am retired employee and my wife is housewife, I get pension on monthly basis. Last year we have sold our old house and brought a new flat. Now when I see 26AS, the same amount of sale and purchase is mentioned in both of our 26AS (me and wife), where as the transaction was done only once. Please advise if both of us have to file separate returns for same transaction. Thanks

arun sankar says : Insurance Commission
Sir, If a person gets Insurance commission and for the same TDS u/s 194D is deducted, can he file ITR1 showing "Insurance comm " as IFOS or He should file ITR 3 with P&l and B/s for Insurance comm??

Tanusree Debnath says : Required Information
Sir, Can a MLA/MP be a Private limited company Shareholder/Director? Can he/she also accept remuneration from both from government and company?