Hi Fishes,
Here is a tax question bothering.
My friend is an IT employee and his income is around 7lakh per annum. He is borrowing around 80K per month from his parents and investing it in RD for 9 months as he needs the amount in 10 months for something.

Now, the question is, he is already having income as taxable and if he borrows a total of 7,20,000 rupees and save it, will it also be considered as taxable income added to his actual income? Will this amount be calculated while filling tax?

My immigrant parents 71 and 66 would like to work. Can speak fluent English but The American accent is hard for them to understand when spoken fast. They want to work because they think it’s the best way assimilate and make some money- not very financially stable but I can support them for the most part. Are there jobs for old people?

Anyone here follow/have followed a “lazy keto” diet before? I’m not interested in counting macros/net carbs, but won’t have a problem sticking to a diet of the recommended foods and cutting out the “bad” foods. If you have experience doing something similar, I’d love to hear about it!

I have offer from global logic , mastercard , netcracker for java developer position -
pune location. Wanted your review in the basis on wlf, projects there in company

Which one is better ?
4.1 yr SAP SD experience

Accenture vs LnT offer in hand 15 l.p.a

Can anyone help me to know if LnT have implementation projects and Are there good projects from learning perspective

Rumor is high number of partner layoffs coming - can anyone confirm / deny or provide details?

I got double depressed by trying to access the Ad Age list and getting blocked by the subscription banner.

Every time I go on Linkedin, I feel like a huge loser. Peers are entrepreneurs, or killing it at FAANG, or making a ton from investing. I’m barely keeping up at my job and feeling SO inadequate. I’m sure a lot of it is fluff but still.

step up basis gets reported on the buyer righr?

I interviewed for a company and the interview went good but they decided to go another route with the position. They did want to see if I’ll be a good fit for another position. I think the position is now open. I want to contact the recruiter but I’m not willing to go through all those interviews again. Should I reach out?

Where can we see the updated CTC?

Can you fly stand by with Alaska A-List?

How well sought out is SAFe POPM cerifcation by hiring managers in product management? Does it carry much weight? I acknowledge experience trumps certification alone.

Would you start waddle or Hollywood today?

How do you practice mindful eating in a job (e.g. consulting) that has a culture of centering so much business and socialization around food & drinks? I struggle to actually eat a meal to satiation unless it’s with someone I’m super super comfortable with… in most business situations involving conversation I just can’t do both at the same time and walk away from the meal feeling just unsatisfied

Any A&M (Alvarez and Marsal) SA or D on here? In the middle of getting an offer/Comp discussion so wanted to discuss ranges and what you really see for BC+Bonus, and if being in a HCOL matters. Thanks!

Guys please help… Data Engineer at Amazon vs Data Engineer at Microsoft. Comparing work life balance and the pay.

I’m going to lose my job. Its inevitable. And I just lost my GF last week (breakup). That’s 3 jobs and 3 relationships in 3 years. I feel at my lowest point and don’t see a way out of this rut.

I have gains from stocks.. as LTCG. Do I need to file ITR 1 or ITR 2?

Hi all
Can some please help me !!
I have already paid self assessed tax but in income tax website its not updated and money also debited from bank
What should i do now

Hi Folks, how much max amount we can retain back after 80c tax claims on income taxable amount. Any idea? Is it varies based on package? What is the percentage ?

I have created NPS account through SBI YONO app. PRAN is generated and I received my contribution copy as well through mail.
But when I try to login using my PRAN number it says invalid.
Can anyone please help why it’s happening like this??

My CTC will be
Basic 13LPA
FB 7 LPA
Total fix pay - 20 LPA

80c - 1.5 LPA
HRA 3 LPA

Any one please help mi on which tax method will be sutable for me old or new?

Guys can anyone help me to get the best refund or filing for tax for 21 LPAfixed 26LPA CTC.
I know my in hand salary will be 1.3 by any chance can I make it more ??

Do you submit fake rental receipts and owner pan card detail for HRA? Is it normal ? I see most people does in my team. They submit parents or spouse pan card number as owner pan card number to get HRA. Is it same everywhere?

Can we show unequal rent split up between husband & wife for HRA?
Let's say we pay 20k in rent. I want to show that I pay 15k and wife can show 5k. Is this sort of break up possible without explicitly mentioning it in the rent agreement?

Please let me know how to claim (whats bills needs to be submitted) exemptions for Special Allowances.

My company has asked for investments proofs. Jts feb only and i have upcomming mutual funds sip also. How can i show these upcomming sip investments ?

Does your organization make you feel like your work is only a support function to their more profitable businesses?

I want to know which tax slab can be appropriate for a 10lpa and what are the way I can manage to reduce my tax computation.
I have been to this tax slab for the first time don't have. any knowledge.
can one of you assist what can be done or what are the steps for saving the tax or us it possible to have 0 tax.
FYI,
2.2lck is hra

If my parents live in a government provided house and I live with them (wfh), how can I plan my HRA exemption?

My ctc shows 10lpa + 20lac esops. But I'm not sure if I'll get this 20lac stocks for free or do i need to buy them by paying? Distribution is 4lac per year for 4 years. Pls explain.

Hi Fishes,

Anyone knows any CA who can help me in saving TAX by showing in donation or Other deduction.

I am working from EU since last year (internal transfer from India), also doing freelancing for an another startup since last 2 years and the payment is going to Indian account.
My employer assigned a tax consulting company in India to support me in filing tax, somehow the tax consulting firm found that bank account via AIS document (not sure how they get it in that doc), as they found some interest credited for that saving account. Will I be in trouble? will I have to pay penalty :(?

In case anyone needs help with their Tax returns, please feel free to DM me.

Hi,

I just want to know a fact , upto which ctc can be adjusted to minimal tax deduction under new slab?
Like 15lpa ,20lpa

Hi team ,

I have started working from jul2019 and I have filed my tax return for 2020 and 2021 tax years.


However I note that there was withholding of some amount in 2017-2018 and 2019 tax years ( withholding from comission received from insurance commission from lic and United india)

I have not filed 2017, 2018, 2019 return as my total income was less than threshold

Is it possible to file return for 2017 , 2018, 2019( all r in refund) now without paying any penalty?