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Himanshu James
An Individual who is also a designated partner in a LLP, can he/she file ITR 4 for A.Y.2021-22 ?
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No if he is getting any income from LLP he needs to file ITR 3
For filing income tax return click here: https://www.taxontips.com/income-tax-return/
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Deep Das Gupta
Is i can apply for 2 different gstin with 1 pan and same state
No...for more info visit our website @ WWW.TARUNGUPTACA.COM or call at 9218516819
CA Naman Maloo 5 Dec 2021Yes you can apply for 2 gstn for different branches or any other reason.
To book consultation click here: https://www.taxontips.com/gst-consultation/
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Shagun Depan
I did forex and made money on cross currency pair, through Chinese broking company, I intend to keep the money and make more in coming years, how can I get this money as well
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Dharm Gupta
I have asked this question with so many CAs, but nobody has answered. I come to you with lots of hope. Would you please help me?
Suppose a person is working with XYZ government-owned company and is presently on sabbatical and pursuing higher studies. In this case, the employer is giving salary during the leave period and signed a contract; if this person leaves the company after completing his higher studies, he has to pay all the salary credited to his account during the leave period.
As he is getting salary from his employer, he has been paying income tax deducted at source. He is also giving the college fees.
Now there will be 2 cases:
Case 1 After completing his higher studies If a person continues to do the job with XYZ employer
Concern: Can this person save his income tax during the leave period through college fees?
Case 2 After completing his higher studies, if a person leaves this company and pay the bond amount and move away
Concern: This person has planned to leave his current job after completing higher studies. Systematically, he will return all the salary during the leave period to the employer at the end of the course. Now, he has already paid the income tax on which actually he has not earned a single penny (he returned all the salary). What should this person do to save the income tax? You can suggest if he can save this in future also (During ITR filing of next years)
No as of now there is no provision for you to save tax either by paying for higher studies or if you take new job.
T&C applyC
Chandra Sekhar Annavarapu
My company gave me a joining bonus of 1Lakh rupees but on condition that I should stay in the company for at least one year. The company gave me 1Lkah rupees post-tax deduction which comes to around 78,000. But now after my resignation, the company asks me to pay a total 1Lakh and they would give me a document in the final settlement with a note that I returned the money and asked me to use that to claim a tax refund. Can you tell me what to do, please?
As i understood you had signed bond of Rs. 1Lac for the tenure of 1 year. As you are leaving the company then definitely you have to return the entire amount of Rs. 1 Lakh irrespective of the fact that you got 78 k post deduction of TDS. However make sure to get TDS certificate for Rs. 22K and also check TDS amount reflecting in you 26AS.
For further consultation you can reach us at ca.rahuldwivedi@gmail.com or 9004485377
