Here is Portfolio page of Pratul, with all his work

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GREAT BAR!

Hey....I have invested in IDFC infrastructure bond under Section 80CCF on 24.12.2011. After 5 years on 23.12.2016, i received back the principal and accumulated interest...Now, will the accumulated interest be taxable...If so, will i be allowed to avail deduction under Section 80TTA against such accumulated interest received??
Dec. 27, 2017
Hi

I had been in some financial difficulty for quite a long time. To help me out, my friend deposited cash 15 lakhs in my account. I have a few queries, kindly answer these:

1)Is this amount taxable in my hand?
2)If yes, how much tax I have to pay?
3)How should I describe this fund-Gift from a friend?
4)whether I have to obtain a written document from my friend stating that he has gifted rs 15 lakhs to me.
5)I had not paid any advance tax-what will be the interest on tax?
6)Will IT Dept.slap any penalty?
7)All deposits are in cash-will it attract the provisions of IT ACT Sec 269SS
Jan. 04, 2018
What is the meaning “Financial Year” under the General Clauses Act, 1897?
Aug. 30, 2018
What is the time period within which invoice has to be issued in a case involving continuous supply of services?
Dec. 19, 2017
.... We have deducted TDS under section 195 @21.012% in FY-2015-16, INR 931942 on approv 44 lakh but in our Mauritius office they are getting tax benefit 38000 on 132000 as gross amount. Please advise how Mauritius office can get total tax benefit.
https://www.taxfull.com/4132/dtaa-benefit-of-mauritius
Jun. 08, 2018
I am a freelance web designer, exclusively catering overseas clients, receiving weekly payments in my bank account through an online portal, Upwork.
I have submitted my tax return under section 44ada for professionals.

1. Does my income qualify for section 44ad as sole proprietor?
2. Will I need to register the company in any form to file under 44ad as sole proprietor?
3. Will I have to modify my previous tax return? Any advice would be much appreciated.
Thanks!
Apr. 14, 2023
The auditor of ABC Ltd. did not report on the matters specified in sub-section (1) of Section 143 of the Companies Act, 2013, as he was satisfied that no comment is required. Can he do this ?
Feb. 09, 2018
Explain briefly answer the following questions what steps would you take to construct a “Strategic Group Map’ for an industry?
Apr. 13, 2023
.......I am a resident and I have Income from a business in Canada....Business is controlled from Canada...Will such income be taxable in my hands...If in future year I become non resident then still such income be taxable in my hands??
Dec. 08, 2017
I am not a financial institution. I plan to invest in a sole proprietorship business for 10% return monthly. I will be getting a legal agreement containing all the terms regarding the investment and its return policies. Am I legally eligible to do such investments. Can I show the income source of 10% while doing Tax filling? Thanks in Advance
Apr. 14, 2023

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