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Question & Answer


A

Akshay Srivastava

27 Dec 2022

Actual investment amount in 80C is different from what I declared with the employer (at the start of FY). Can I just submit the proofs of the investments I did and tax would be re-calculated? Or do I need to re-declare?

Replies (1)                          

CA K Narasimha Prakash       30 Dec 2022

You need to re declare and submit proof

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R

Rahul

27 Dec 2022

Let's say, I opened a current account using BRN number(no GST number) in any bank. Now, selling my service within states and my turnover is under 10 Lacs. Do I have to file GST/any corporate taxing other than my personal ITR filing? I do not have GSTIN as it is not required.

Replies (3)                          

CA Pushkar Agrawal       27 Dec 2022

not required to file GST return if you not have the ragistration in GST and not required to file any other return other than income tax return.

Rahul    29 Dec 2022

Thank you boss. You made my day.

CA K Narasimha Prakash       30 Dec 2022

The registration is requires if is exceeds Rs.20 lacs only

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N

Nik

26 Dec 2022

Hi, I didn't fill ITR for last year since i didn't get any TDS after the rent and other rebates i got.. can i skip ITR? I got to know that I'd have to pay 5000rs penalty if i didn't fill ITR. It's just unfair to me as I will not be getting any return since there was no TDS.

Replies (2)                          

CA Pushkar Agrawal       26 Dec 2022

As per the income tax provisions you are exempt to file ITR only when your income was below 2.5 Lacks. If your income exceeds Rs. 2.5 Lacks before deductions then you have to file the ITR. When there was TDS deducted from your income, then it was compulsory to file the ITR and declare your income and allocate your TDS deducted. Please share more details for better consultancy. Last date to file ITR was 31st December 2022 Please remember this. Mob. No. 8475918165, Email ID: capushkaragrawal@gmail.com

CA Hunny Badlani       27 Dec 2022

Hello,

It is mandatory to file income tax return if the gross total income (before any deductions) is above the basic exemption limit of Rs. 2.50 Lakhs.

I hope this answer satisfies your requirements. For a detailed resolution of your query, you can contact us directly at badlaniassociates at Gmail or take a phone consultation.

Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5

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V

Vaishali

22 Dec 2022

If i get a work from home job at a company based in USA, do i need to report my earnings

Replies (1)                          

CA Pushkar Agrawal       26 Dec 2022

Please share more details to assets you on Email Id: capushkaragrawal@gmail.com

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V

Vaishali

22 Dec 2022

If i get a work from home job at a company based in USA, do i need to report my earnings

Replies (1)                          

CA Pushkar Agrawal       26 Dec 2022

yes, you have to report the income form that job by filling your ITR for that year. Due to the money transfer from the international account into your account, this was reported to the income tax department. The taxation was done as international taxation and you will get the benefit of the tax of USA, while filling the income tax return.

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