Sir, One employee joined us on Oct, 2012. Before joining us, From July-Sept, he was working as a freelancer for another company.While computing his taxable income for this year- 1. Should I include the income recd from his freelance work along with the salary recd from us. 2. His freelance income was -1,74,000 and TDS then deducted was -17,400/-.
1 Answers
As he was working as freelancer, it would be treated as business/professional income. You may not need to compute income tax on total income. It will be employee's responsibility to compute and pay full taxes as per his year income.
Dear sir,
while filing Online Return I have wrongly selected ITR 1 form(2011-2012) and the assessment Year 2011-2012. while I wanted to file the Return for assessment year 2012-2013....
I have a intimation letter U/S 143(1)from IT Deppt and They have Demanded some amount.
i need to be select the correct form(ITR1- 2012-2013) with correct assessment Year.... if I'll apply for the Rectification, i need to Change the GTI(i.e 0)... as i don't have any income for assessment Year 2011-2012.
Now Pls Help how to do the correction....
@maddy Please post a separate question for this as it has no relation with earlier question.
Related