Income tax return filing

Yes.but details should match with Form 16

Yes you can

Dear Sir,

Hope you are doing well !!

Yes, you should add complete amount paid as salary as total earnings.

We may assist you in ITR filings.

Hi Aravind

Regarding the salary from the foreign company, do you have a employment contract with the company? If you are receiving this as a consultant, you may declare this under presumptive taxation under section 44ADA claiming only 50% of the receipts as income.

However if it is a pure employment contract, you need to add the total receipts to the salary from previous employer.

You may contact us personally for better clarity.

Yes I can. In that case the taxability will differ if you are a consultant. You can opt for 44ADA benefit in that case.

You can take the benefit of presumptive taxation scheme u/s 44ADA.

Presumptive taxation scheme (PTS) allows you to calculate your tax on an estimated income or profit.

Professionals who are governed or regulated by an institute or body such as doctors, lawyers, architects, interior designers and others can adopt PTS. For them, 50% of the total receipts during the fiscal will be considered as profit and get taxed accordingly. A professional can voluntarily declare the income at a higher rate than mandatory 50% of the total receipts.

We may assist you in ITR filings & entire procedure.

Hello,

Salary from the previous company would be declared under the Salary head as per the details in Form 16.

Further salary from the new company, if in the nature of employment, would also be declared under the Salary head by adding new employer details.

However, if it is in the nature of consultant, it can be declared under the business head using the presumptive taxation scheme for tax advantage.

I hope this answer satisfies your requirements.

Regards,

CA Hunny Badlani

Yes, for the preparation and filing of the income tax return, you can contact us directly or take a phone consultation.

Regards,

CA Hunny Badlani

Hi

Yes you need to show full amount as salary

Hi

Yes we assist you in filling.you can benefit of section 44 ADA.

Hi

For detail discussion please have a phone consultation.

Yes, we may assist with the filings.

Since it is as a consultant, you may claim benefit of presumptive taxation provided you ae a specified professional as per section 44AA.

A)  Yes, you have to show both the Income as Salary,

B) Yes, both will qualify as Income earned from Salary. If your co has not deducted TDS, then you will have to deposit the same as Self-assessed tax

C) Yes, we can help you for filing Income Tax Return

Total amount will be included in salary. You can mail me the details. We can file your ITR. Our charges are 1500+ GST

Yes you will have to put entire amount as salary.

Are they paying you salary or they have you on contract basis.

I need to see the contract before commenting on same.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Yes if it's salary you'll have to add.

Yes you can book a phone consultation and I can assist you in filing your ITR.

You should offer both amount as salary Income and pay tax accordingly

Yes you to show both income one as salary & later as consultancy  under Business & profession head