Here is Portfolio page of Ayush, with all his work

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GREAT BAR!

“Audit of the accounts of stores and inventories has been developed as a part of expenditure audit with reference to the duties and responsibilities entruste.
Feb. 10, 2018
....1.my freind an indian won a car worth about INR 80 lakhs in dubai duty free lottery.what are the tax implications in india including IT ,customs etc. 2.further what is IT in india on cash win in dubai millianaire lottery. srinivas
https://www.taxfull.com/7819/overseas-lottery-gain
Jun. 08, 2018
Hey....I purchased a new house bu availing loan of Rs 20,00,000....Paid down payment from my own sources amounting to Rs 15,00,000....Now I intent to sale my existing flat and want to use sale proceeds of existing flat for repayment of housing loan...Is such transaction permissible so as to claim exemption under Section 54??
Jan. 04, 2018
Bharti owes money to Ajay. Therefore, she makes a promissory note for the amount in favour of Ajay, for safety of transmission she cuts the note in half and posts one half to Ajay. She then changes his mind and calls upon Ajay to return the half of the note which she had sent. Ajay requires Bharti to send the other half of the promissory note. Whose legal position is valid in law??
Dec. 13, 2017
Can we deduct the interest paid under section 234A, 234B, 234C 234D and 234E be deducted while computing income from Business? Can we set off the interest paid under section 234 against Interest received under section 244A?. If yes please quote any court ruling.
Apr. 07, 2023
...I have bought a residential flat in equal joint name of me and my wife (50-50%) of total value around 51.5 lakh including registration charges and stamp duty, which was booked in year 2010 but registration done this year 2016, but most of payment i.e. 50.5 lakh has been done from my bank account and only Rs. One lakh from my wife account. I am showing Rs. 50.5 Lakh payment in my IT return and Rs. One lakh in my wife return, but we both are equal owners (50-50) in registration done this year. Please advice in this matter, whether i can show 50.5 Lakh payment done by me in my IT return and Rs.One Lakh in wife's IT return, as only One lakh was paid from her bank account, even while she is 50% owner. Secondly We had booked the above flat in year 2010 at a total value of Rs.45 lakhs vide booking agreement and advance cheque payment, but the registration done this year 2016, of the flat was done as per present circle rate at a total amount of Rs.68 lakhs and stamp duty taken on this amount. Since the circle rate when we had booked the flat in 2010 was 45lakh only. Please tell how to deal with this situation as there is huge difference between booking rate @ 45Lakh and registration rate @ 68lakhs, and what to show in my IT return.
Jun. 08, 2018
.....I had a small query.My entire income from salary was INR 1lakh as I worked for just 2 months(apr and may) and tax was deducted for INR 812. Since I had opted for PF withdrawal and my service in the firm was lesser than 5 years, my pf withdrawal got taxed amounting to INR 6858. While filling the return, the system is showing refund of total INR 7670(6858+812).Whereas I feel only 812 should be refunded as 6858 is correct basis the PF Withdrawal.The total income is approx 1.76 lakhs including pf and salary which is below the tax limit. Am I missing something here in understanding and the system is right in claiming refund of INR 7670?
https://www.taxfull.com/6312/can-taxed-pf-withdrawal-be-refunded-if-income-is-below-limit
Jan. 05, 2018
.......I quit previous employer after 4 years of service, and didn't get PF account transferred. It remained idle for 3 years and then I withdrew it last year (7 years completed of PF account) by providing details in the respected forms which are Form 19 (Revised), Form 10C, Form 15G (Manual filled 2 copies), Pan card and Cancelled Cheque. When I am filing ITR1, I can see 10% tax was deducted and it is showing under Tax from other income. Below are the questions: Q: Why tax is deducted in first place? Q: Now if I add pf amount as other income, it is falling in 30% slab; hence, additional 20% liability is coming. Why I should pay 30% tax on the PF amount which was accumulated during early years where full income was under 10% slab?
https://www.taxfull.com/7006/10-tax-deducted-from-pf-account
Jun. 08, 2018
What is the due date for filing Income tax return for Individuals and Businesses?
Dec. 21, 2017
Is it true...."Ratification of agency is valid even if knowledge of the principal is materially defective" ??
Dec. 13, 2017

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