H
H M Sharanya
Hi ,
I want to start a microfinance company and adopt self help group model . For this I require a bank tie up to provide loans to this groups. My question here is based on what bank will provide fund though my company is a start up.
V
Vamsi Kishore Cheedella
I have 20 lakhs cash i want to convert to white without tax. If i can get a cheque from gold shop( by giving money to him and give extra 4per cess and extra commission if required) that i sold jwellery will that money be non-taxable.
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Omkar
I'm a salaried employee in an MNC and I earn around 18lpa.
I recently started freelancing in my spare time during weekends. I have earned around 1.25 lakhs in the past 6 months from freelancing.
I want to know the tax implications, will my employer know about my freelancing from itr? should I form a business entity?
Please help with the best way forward
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No need to form business entity. But this income must be shown in ITR . You can also declare the same income to your employer to deduct TDS . For more professional help can reach us @ www.tarunguptaca.com or call at 9216216819
CA Rahul Dwivedi 18 Nov 2022Dear Omkar,
You have to pay tax on total income i.e. Salary Income & Freelancing Income. No need to disclose income to employer, your employer will not come to know unless you disclose. Tax on freelancing income you can pay at the time of filing of your ITR. For further consultation you can approach us at ca.rahuldwivedi@gmail.com or 90044853777
A
Ali Rafiq
Needed consultation for income tax filing. I received around Rs. 1,00,000/- from a friend which I then used to pay for something. Will I have to pay income tax on this transaction as well, while filing the ITR?
Dear Ali, Prima facia it looks that you have taken loan fro your friend & utilise the same so there will not be any Tax on it.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
K
Kartik
In business, itr 3 form current year loss can carry forward after due date???
Dear Kartik,
Loss can't be C/f in case of belated returns.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
