Have a question on Indian tax, GST, TDS, professional tax, payroll or company-law compliance? Ask it below and a practising Chartered Accountant will review and answer it. Questions are moderated before publishing, your email is never shown publicly, and answers are general information rather than advice on your specific situation.
Recently answered · live
Real questions submitted by visitors, reviewed and answered by a practising Chartered Accountant.
Income Tax & TDSSECTION 44ADBottom line: Report only your commission (~Rs. 2.5 lakh) as income — the ~Rs. 48 lakh collected for customers is a pass-through, not your income or turnover. Two…Income Tax & TDSIs it possible to have zero tax liabilityBottom line: Your computation is correct. Under the new regime for FY 2025-26 the tax on your income does work out to ₹21,434, and on the figures you've…Income Tax & TDSTDS on multiple payments made for propertyBottom line: Yes, interest and a late fee do apply — the portal showing nil is not a clearance. You must file a separate statement for each instalment,…Income Tax & TDSWhich ITR is applicable for me if my income exceeds 50 lakhsBottom line: For FY 2025-26 you should file ITR-2, and you are not required to declare assets and liabilities (Schedule AL) unless your total income crosses ₹1 crore.…
Browse common questions by category
Answers to the questions we are asked most often. Pick a topic to see all its questions.
💰Income Tax & TDS20 answered questions🧾GST20 answered questions🏢Professional Tax & State Levies20 answered questions📒Accounting & Companies Act20 answered questions👥Payroll, EPF & ESI20 answered questions🎓Students / Exams20 answered questions📜ROC & Company Secretarial10 answered questions🚀Startup & Business Registration10 answered questions📈Investments & Savings10 answered questions🏦Loans & EMI10 answered questions🏠Stamp Duty & Property10 answered questions🌴Retirement & Pension10 answered questions