Tax & GST Q&A
Practical questions on income tax, GST and compliance, answered by verified CAs, CSs and tax professionals.
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Income Tax & Returns 24 Aug 2026My wife and I transfer money between our bank accounts. Can the Income Tax Department treat that as income?
Asked by Maria George
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Income Tax & Returns 24 Aug 2026Can I deduct my shop rent, electricity and employee salaries from my business income?
Asked by Gurpreet Singh
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Income Tax & Returns 24 Aug 2026Is presumptive taxation better for a freelancer than maintaining detailed accounts?
Asked by Ayesha Rahman
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Income Tax & Returns 23 Aug 2026My income is below the taxable limit. Is there any reason I should still file an income-tax return?
Asked by Moumita Sen
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Income Tax & Returns 22 Aug 2026What's the difference between turnover and profit for income-tax purposes?
Asked by Sana Ahmed
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Accounting, Bookkeeping, Payroll & Financial Statements 22 Aug 2026I run a small business but don't maintain proper books. Can I still file my income-tax return?
Asked by Harsha Vardhan
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Income Tax & Returns 20 Aug 2026I pay a home-loan EMI every month. Which part of the EMI gives me a tax benefit?
Asked by Sandeep Verma
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Income Tax & Returns 20 Aug 2026I pay rent but don't receive HRA from my employer. Can I still get a tax benefit?
Asked by Karthik Rao
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GST Registration, Returns & Compliance 20 Aug 2026What happens if I file my GST return late?
Asked by Rohit Gupta
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Income Tax & Returns 19 Aug 2026At what income does it start making sense to choose the old tax regime?
Asked by Himanshu Baruah
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