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Question & Answer


S

Shivam Gupta

23 Dec 2021

I have done internship from May 2021 till July 2021. What is my Assessment Year and Financial Year? Do I need to fill ITR now?

Replies (2)                          

CA Deepak Kucheria       23 Dec 2021

If your income is above Rs. 2,50,000/- then you need to file your ITR for FY 2020-21 (i.e. AY 2021-22). For more information, kindly connect with us at +91-9911744028

CA Puja Sharma       24 Dec 2021

No your relevant return for reporting the internship income will be FY 2021-22 and AY 2022-23 (April 21 to March 22)

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N

Nandeesh

23 Dec 2021

Hi I have long term capital losses from last year , around Rs 84,000. And

If I file ITR2 this year without adjusting this 84k, will I be able to adjust same next year or will it get lapsed. ( reg..carry forward upto 8 yeras )

This year I have income only from capital gains of shares and mutual funds, no salary /other income
Total - 217000 which below basic limit 2.5 lakhs
(Long term – Rs 120,000 - Short Term 97, 000 )
Adjusting this year is not beneficial for me as it is less than 2.5 lakhs limit

Thanks in advance

No Reply  


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