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Sovan Datta
Last financial year I worked as a salaried individual and left the job. Then I started working for an American company as a consultant on a contractual basis. So I received both salary (from my job) and fees (from my consulting which is a foreign income). Which ITR form should I file this year?
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Hello,
You can use Presumptive Taxation Scheme Sec. 44AD/ 44ADA (as applicable) for your consulting income thereby you can file ITR-4. Using Presumptive Scheme would be beneficial with the regard to tax saving.
I hope that this answer satisfies your requirements. For any query, please feel free to contact us at badlaniassociates at Gmail.
Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5
You can use ITR 4 if you report the consultancy income under the presumptive scheme. Otherwise, you can use ITR 3. For any assistance in tax filing, you can connect with us at ca.pujasharma@outlook.com
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Sohail Ahmed
GST for Import/Export of Services for my Web Hosting Company
You can book consultation and talk to experts: https://www.taxontips.com/gst-consultation/
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James Rebello
Hi, can I trade non inr forex pairs or CFDs like US30 indices on OctaFx? How do I file the tax on the profits received?
The taxation in India will be just like the treatment of any other futures and options given their nature is such.
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Remesh Kumar
Used ITR4 from AY 2011-12 to 2019-20. used ITR3 for AY 2020-21 TO 2021-22 .Can i use ITR4(44ad presumptive income) for the AY 2022-23 If other eligibility factors are satisfied (Explanation reg Section 44ad(4))
Yes you can, subject to conditions specified in section 44 AD. For professional assistance connect us @ www.tarunguptaca.com or 9216216819.
CA Hunny Badlani 12 Jul 2022Hello,
Yes, you can use the 44AD Presumptive Taxation Scheme.
I hope that this answer satisfies your requirements. For any query, please feel free to contact us at badlaniassociates at Gmail.
Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5
Once you opted out you cannot opting till 5 years . contact deepikajagan01@gmail.com for detailed consultation
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Sambhav Jain
Dear Team, Do i have to deduct TDS of seller for a property of approx 1.5 Cr which i am buying directly from the builder's sisters concern company, ATS agreement is being made, but no previous registry is done by the seller.
Yes, buyer is required to deduct TDS at the rate 1% if sale consideration is 50 lakhs or above and deducted TDS has to be paid using Form 26QB within 30 days from the end of the month in which TDS was deducted. For professional assistance connect us @ www.tarunguptaca.com or 9216216819
