Which ITR form to fill as an Individual Freelancer with income from foreign clients? I don't have a registered company/proprietorship or GST number.
Hi, I had to pay an amount of 4 lakh for breaking the service bond agreement with my previous employer along with a notice buyout. My current employer has agreed to reimburse the bond and notice the buyout amount I paid to my previous employer but in the full and final settlement from my previous employer only the notice buyout amount is deducted from total income under the income tax calculation. How can I reduce the amount I paid for bond payment while filing tax returns so that I don't have to pay extra taxes. While talking to HR they said the bond payment won't show up in form 16 as it's not part of CTC.
Sir
I want to purchases new flat of Rs 65 Lakh. How much amount shall i pay in cash ?
Please explain me rule .
Dear Sir,
One of my client has filed his income tax return for AY 2018-19 which gave him Income tax demand due to wrong TDS credit given by his employer.
In AY 2021-22 there was a refund in his income tax return and the demand for AY 2018-19 got adjusted while issuing refund by Income tax.
The employer has now corrected the TDS credit for AY 2018-19.
What should be done by the assessee to get the refund which was due for AY 2021-22 but was wrongly adjusted due to demand in previous years.
Please help me in this matter.
Regards,
Divyesh Jain
I am a salary person with share trading ( small amount). I use 44ada earlier used ITR4 but did trading for a month. Should I file ITR3 or ITR4?
Also, if I work as freelancer which ITR can be used?
Sir,
A partnership firm two partners working.one of the partner introduced capital by cash (cheque) brought.but any partner brought capital by cash(cheque) and fixed assets value rs:50,000/-
Partner assets value rs:50,000/- payment made by cash mode(40a3 rs:10,000/- limit per day.
Question:
Partner assets value dis allowed in partnership firm under it act.
I need to file ITR 5 for my LLP. Online and offline utility do not allow ITR 5 to be selected for LLP.
I downloaded excel utility for ITR 5 , filled in and created JSON. But for filing return, while uploading JSON get message that "Invalid hash value identified. Modification to ITR details outside utility is not allowed".
I have not used 'copy/paste' while filling in and used latest ITR 5 Excel utility.
How to solve this and file ITR 5 for LLP? Is there a another way to file ITR 5 for LLP?
Dear Expert- In one of my client case for the AY 2013-14 case was select for scrutiny by Face less Asst but subsequently it was transferred to jurisdiction officer and he has passed the order under sec 144 without issuing draft Asst since assessee not filled the in response to Notice u/s 148 since it was not served to him, because change of residence. Is it necessary for the AO to issue draft Asst u/s 144 C
The entire Paid up, issued and subscribed capital of the Company as at the date of order passed by the NCLT, including Equity Shares listed on the Stock Exchange stands cancelled and extinguished without any payout to the shareholders; and the securities of the Company stands delisted from the National Stock exchange and Bombay Stock Exchange ('Stock Exchanges')
In this case how the investment of a share holder for example of Rs 10,000/- will be booked as capital loss in Income Tax return as neither any trade nor STT payment has been made.
case 1) Normal business income 10,000
Speculative income 2,00,000
Depriciation 15,000
COI shows as 5000(10000-15000) is set off against 200000 and net income 195000 which means depri which remains unabsorbed by normal B&P can be set off against speculative
case 2) speculative income only - 2,00,000
depri - 15000
COI shows as 200000 which means that depri cannot be set off against speculative income
what is correct ?
can depri be set off against speculative income ? if no then why is it set off as in case 1
if yes then why is it not set off as in case 2
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Freelancer | Foreign Income