Tax free remuneration - itr filling
This query is : Open
23 February 2018
I am working with Asian Development Bank as a consultant for a period 29-May-17 to 28-May-18 and my remuneration is tax free.
As I am getting tax free remuneration from ADB for FY 2017-18 hence my taxable income is zero, please advise whether I need to file ITR, if yes than how can I proceed.
Regards
R K Bhandari
As I am getting tax free remuneration from ADB for FY 2017-18 hence my taxable income is zero, please advise whether I need to file ITR, if yes than how can I proceed.
Regards
R K Bhandari
23 February 2018
If Tax Free income then Show it under exempted Income....
But, Please explain yourself for how is it under Tax Free...
23 February 2018
tax free?
Do you mean as they are paying you net of tax amount.. if this is case then surely Bank is grossing amount and then making you payment.
Show gross amount as business income and tax deposited by bank as advance tax paid.
Check your form 26AS
Do you mean as they are paying you net of tax amount.. if this is case then surely Bank is grossing amount and then making you payment.
Show gross amount as business income and tax deposited by bank as advance tax paid.
Check your form 26AS
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- PAYMENT NOT SEND IN 180 DAYS
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
