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Question & Answer


M

Muki

15 Dec 2020

Mr. X is employed with Rs. 50,000 per month as salary in Chennai. In the relevant previous year, apart from the
normal salary, X received one month pay as bonus commission. The scheme for accommodation in the company is
to opt between an HRA of 10,000 pm or a rent-free accommodation owned by the company in the same city itself.
X approached you to decide which option would be beneficial from a taxation perspective. Advice Mr. X.

No Reply  


A

Aakanksha Sethi

15 Dec 2020

My ITR for AY 2019-2020 is invalidated due to incorrect filing and I have missed the communication about the same, also the chance to rectify it though notice 139(9). Need help on how to file ITR for Ay 2019-2020

Replies (1)                          

CA Puja Sharma       17 Dec 2020

you cannot file your IT return for AY 2019-20 because the extended date to file the return was 30th Nov 2020 which have already passed.

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A

Aparnaa Banerjee

15 Dec 2020

Documents needed to setup sole proprietary company. All docs have Ghaziabad address, can I set up firm from Greater Noida?

Replies (1)                          

CA Puja Sharma       17 Dec 2020

There is no specified statute on which a proprietorship should register for its legal existence. You can start your business with bank statement also. If you want to register then you can go for MSME, GST etc. For any assistance in registration/licensing you can connect with us at ca.pujasharma@outlook.om

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V

Vishrut Jambudi

15 Dec 2020

Hi There,

I want to ask that, For example, If I hold any company's stocks for 5 years, Do I need to pay any tax in every year's ITR? Do I need to show anything in every year's ITR?

Thanks,

No Reply  


S

Siddharth

13 Dec 2020

I'm a salaried person. I bought few stocks, in some stocks I made profit, in other stocks I made loss but overall I was in loss in stocks. Which ITR should I file, ITR 1 or ITR 2 ?

No Reply