Question - what would happen during ITR filing if I had 2 Form 16s where both forms had different tax regimes selected.(New and then Old)
Few points -
1. The old company had given a salary of total 3 L till the time I was employed there and no tax was deducted under the new regime.
2. In the new company, I do not submit the tax computation sheet however I do declare the income (3L) from previous employer under the "Income from other sources" so that the tax amount is calculated properly.

World Bank announced that the economy has shrunk by 5% (the largest since 1960). Unemployment is near 15%. US is technically in recession. Can someone explain this ridiculous stock market bubble?

Folks who use a backdoor for tIRA to Roth, do you have 2 accounts? Once the conversion goes through, the tIRA remains empty until your next deposit ?

What are the limitations if my tIRA contributions were pretax?

I need help from an accountant or a financial analyst. I need to compare fed vs private company retirement and help me create a retirement plan. I will pay for the services. Thank you

I just left my pre-seed startup that was running out of cash (we made $100,000 in revenue this year, and sunk $1m in costs). I was making $40,000 as a developer (plus 20k stock options at $1/share per year) and they refused to pay me any more money. I have 17,000 vested stock options, total number of shares at the time of my contract was 4million. I’m a bit confused about share dilution and if it’s worth it for me to buy some of my stock options… thanks in adv!

What are all the ways to save income tax?
CTC 9.8L

What is the present value of a government pension? How does one calculate it? Trying to get a sense of weather it's worth moving over to Federal.

What stocks are you guy guys buying right now in this market?

Anyone aware of the best data sources for angel investing? Would love to understand returns but assets, stage, involvement, check size, cap table, etc…

When in your pregnancy did you (1) purchase life insurance and (2) have a will drawn up?

Guys ..
When will final settlement take place? What will be the components of it?

Live in a HCOL area. Looking to buy in the next year. The least I can afford to buy would put a mortgage at 40% of my monthly take home pay (post tax + max out 401k) but 25% of gross income. Will 40% of take home pay make me house poor?

Needs some ideas for scenario planning optimizations! Currently have a model to predict conversions given media spend, I can adjust spend up and down to create different budget scenarios and send to model to get respective conversions. Thoughts?

Paid off my account debt!

Bhaiyon aur Behno!
Gurgaon me kisi Broker ka number hai to dedo

Dhanyawaad

Now that flexing has become common: 31 year old senior associate, net worth of -$15k, salary of $80k, career in flames, renters destroyed my only property. AMA

A gold-backed international currency. Yay or nay?

Hello and happy Thanksgiving! What are the pros and cons of living in San Diego vs San Francisco? I’m from NY and looking to move to one of those locations. I’m hoping to get more info on rent, dating, entertainment, taxes, and job stability.

How did you all start as an angel investor? I am interested in becoming one… but don’t know how to start. I have 20 yoe in tech, and currently work for a faang. My entire portfolio is in stocks and re. I would like invest $250k or so over the next 12-24 months as an angel investor.

How do you split income/expenses with your spouse? Wife earns about 75% as much as me. Don’t have kids yet. Do you have a joint account for everything or do you split common expenses 50-50 or in proportion to income? Something else? This has caused some contention so want to benchmark. Thanks!

Should people be fired for lack of people skills?

Please who knows about the advisory practice within the PwC financial crime unit (Canada Acceleration Centre)? I understand it is a client non-facing advisory role. Would it be a good career decision for someone coming from GRC firms like Kroll, Control Risk or Exiger? I am concerned about the negative reviews relating to the PwC acceleration centres in general, and getting stuck in a role which does not provide growth opportunities. Thank you.

got email some days back. “We are pleased to have you join us at IBM and I welcome you to the IBM Client Innovation Center”. is cic different than gbs? where are our locations in india?

Hello folks,
I am a Engineer worked as plant operations Manager for 6 years and 1 years as Branch head sales.
Any JOB LEADS for me ?

Seeking a sublet / pied-a-terre situation, ideally in manhattan near soho. 1-3 weeks every 1-2 months. I can give more details via DM!

What kind of appreciation do you prefer? Private or public?

Need some advice. My friend hooked up with someone who is now my GF but back when I was in a relationship with someone else. Now that her and I are dating I can’t help but feel weird when my friend and GF chat. Is that weird or normal?

Hi Energy fish, I’m currently an economic consultant working in Energy with 2.5 YOE. Would anyone in the energy industry be willing to critique my resume? It would be ideal if you had consulting experience too but I won’t be picky. It’s been hard for me to figure out how to get the nuances of the industry across without being too detailed. Please DM me!

Anyone try Brooklyn Biltong? Thoughts?

Is it wise to switch from testing background to Salesforce after 10 years of IT experience? If so should I start as an admin?

Anyone know of available part-time (3-5 hours week) Salesforce Project Management gigs?

Anyone know of any body doubling apps? On my worst days, I wish I had someone to do this with.

Anyone have experience with Nomos? Don’t have a lot of exposure there but a client recommended looking at them. Scrolled through their selections and loved the Lambda but it’s way out of my range.

How to prepare for a real estate investiny case study / memo interview? Apparently the case is light on financial modeling. Thanks!!

I wouldn’t even mind the hours of this job if people were kinder.

UM Nurses - what do you like and dislike about your role

Hi guys 👋🏻 Can someone please help me with the query below:
I did not file ITR for FY 2020-21.I had actually earned around 3,34,000 becoz I wrote master thesis for foreign students and I got online payment in my acc. So is that taxable?
If yes, then my total income will become 521121.

2ndly, whats the penalty for late filing ITR?

Thirdly, I left my previous job on 02 March, 2021, so I received the Feb 21 & March 21 on April 2021. So does it come under FY 2020-21? OrFY 2021-22?

Thanx guys

Can I pay income tax challan using credit card?

Hello All,

Can anyone please help me here.
I have made my tax payment in July 2022 but yesterday (15 Nov 2022) I receive an email that tax payment is due for assessment year 2022-23

I called to help desk and he advised to raise rectification request from Tax portal and update the challan number. I tried to raise request but need to upload some XML or json file there. I am not sure how to upload or modify that file.

Does anyone know what steps need to follow as I already made my tax payment.