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Question & Answer


A

Ashu

23 Dec 2021

I am salaried employee, I have done freelancing also part time, have market shares(only losses for 2020-2021), got dividend, got money from foreign by doing freelancing, have bank saving interest and have company joining bonus? Which ITR should I file 1 or 2? and in all these which is taxable ?

Replies (1)                          

CA Puja Sharma       23 Dec 2021

File ITR 3 for loss benefit. For more queries, you can connect with us at ca.pujasharma@outlook.com

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P

Partha

22 Dec 2021

I have got a project recently. I will be providing IT managerial services for an India company but my employer is in UK. Iam supposed to work as a freelancer through my own company in India. I will get paid from UK on a monthly basis so Should I file for a GST kind of a service company or service tax based service company if so how do I register online for one and how do I pay taxes any sort of direction and links will help.

Replies (1)                          

CA Deepak Kucheria       23 Dec 2021

You might need GST registration for your freelancing business. Please connect with us at +91-9911744028 for more clarification.

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J

Jay

22 Dec 2021

Should non-paid founders in the early stages accrue their theoretical compensation and make it a debt for the company?

No Reply  


S

Shwetank Sharma

22 Dec 2021

I had sold the following two properties :
1. Residential apartment in March 2021
2. Residential land in June 2020.

I would like to know if I can use the proceeds of the above two properties to buy third apartment for residential purpose in same financial year? Can the capital gains from the above two properties be used to invest in the third apartment?

No Reply  


A

Amit Kumar

19 Dec 2021

I am a salaried individual. For FY 2020-21, my taxable salary is 502500. Due to this Ra 2500 extra, I am unable to save Rs 12500 under section 87A. I am looking for ways to show this Rs 2500 somewhere. I am a freelancer also. Fir FY 2020-21, I started working on freelance transcription and earned 3100 Rs. Fir this new work, I bought laptop also. So can this freelance venture help me here?

Replies (2)                          

CA Rahul Dwivedi       21 Dec 2021

Dear Amit, The amount of Rs. 2500/- can't be adjusted anywhere unless some deduction is available as per IT Act. However we can go through your form 16 & other derails and suggest you as per provision of IT to save the Tax.
For further consultation you can reach us on ca.rahuldwivedi@gmail.com or 9004485377.

CA Puja Sharma       21 Dec 2021

Detailed discussion will be required for analysis of your IT return filling while saving taxes. Please connect with us at ca.pujasharma@outlook.com for more details.

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