G
Gaurav Yadav
I am an Independent Contractor. I have a 1 yr Contract with my Client. I provide them with IT (Software) services, and they pay me via a foreign bank. Am I eligible for Presumptive Taxation?
Facebook
Twitter
Linkedin
Whether you are trading in software or providing inhouse built customised software?
For more detailed consultation, you can connect with me at ca.pujasharma@outlook.com.
Yes since you are providing freelancing service you are eligible. However, need to check whether you will be eligible for 44AD or 44ADA.
Also, you need to check on taking GST registration.
For more details click here: https://www.taxontips.com/is-it-beneficial-to-work-as-an-employee-in-a-company-or-to-work-as-freelancer-taxability-when-working-as-a-freelancer/
E
E Venkateswara Reddy
S
Satyam
I received an Intimation u/s 143(1) email from Income tax department on filing my income tax return with a demand for some amount difference due to interest calculation. I have made the payment for the difference amount using the link shared in the pdf attached in the email. Do I need to file a revised return post this or only payment was the required task from my end? Would the challan slip work as acknowledgement for future reference in case I don't need to file a revised return?
Ensure that payment has been made as Tax on regular assessment (400). Submit the response online against the Intimation under E-Assessment/Proceedings.
After the response is submitted with challan details, there is no need to take any other action.
Thanks for the clarification Puja Ma'am.
I had already made the payment as "Tax on regular assessment (400)". I checked the incometax portal under the "E-Proceedings" section as well as under "Response to Outstanding Demand" section by searching using Assessment year as well as by Demand Reference Number, but I am not able to find any entry to respond to with the challan details.
Do I need to send it as email or by any other mode in such a scenario in case the entry has not been to be reflected on the portal? Or can I rest assured that no remaining task is needed from my end?
A
Arshad Ashraf
Not filed my income tax return for last 4 years now what to do?
Cannot file previous years income tax returns now
CA Rakshit Jain 14 Apr 2022Hello, Last date to file belated return for Financial Year 2020-21 was 31stt March 2022, however if you have some TDS unclaimed amount in the previous years or for any similar reasons, you can file under section 119(2)(b) of Income Tax Act after taking requisite permission form the Appropriate Authority i.e. Commissioner
CA Rahul Dwivedi 15 Apr 2022Dear Arshad,
Now you can not file old income Tax Returns. Only return that you can file is for the FY 2021-22. In case you have unclaimed TDS we can file condonation application and try to claim the refund.
For further Assistance you can reach un on ca.rahuldwivedi@gmail.com or 9004485377
now you can file updated return from 19 20 for professional help contact deepikajagan01@gmail.com
T&C applyM
Mayank Jain
Need consultation on tax benifits against 2nd home loan / property purchase (plot)
You can connect with us at ca.pujasharma@outlook.com for a paid consultation.
CA Rakshit Jain 14 Apr 2022As per the latest Income Tax Provisions you can benefit of Second Home loan as well, however the Interest can be claimed upto a maximum of Rs.200000 including both the housing loans together.
T&C apply
