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FAQ

How can I fill out the income tax return of the year 2016-17 in 2021?
There is no option to file online return but you can prepare an offline return and went to the officer of your jurisdiction income tax commissioner and after his permission you can file the return with his office.
I'm supposed to pay capital gains tax on $60 of Bitcoin that I cashed out of in 2021 but my total income is still below the filing threshold. Does the capital gains obligate me to file anyway?
Just a simple quick answer. Until your total income reaches the levels of being taxable income, your tax bill is zero. If you owe zero taxes and don't file on a Form 1040, what happens? Penalties and interest are charged on your tax bill. If you had a penalty of 50% of what you owed, 50% of zero is still zero. Now if your bitcoin gain had been enough to bring your income level up enough, then you would have a tax bill. However, some tax forms like Partnership forms have to be filed even though the partnership itself has no tax bill.
Which ITR form should an NRI fill out for AY 2018–2021 for salary income?
File ITR 2 and for taking credit of foreign taxes fill form 67 before filling ITR.For specific clarifications / legal advice feel free to write to dsssvtax[at]gmail or call/WhatsApp: 9052535440.
A senior resident has dividend income of 2 lakhs from equity shares and 9 lakhs from mutual funds. How do you fill out ITR 2 for 2017-2021?
Hi ,The dividend income from equity is exempt and the dividend income from mutual fund is exempt if STT ( security transaction tax) has been paid on the same. If both the dividend income is exempt then you need to disclose the same in schedule of exempt income in ITR-2.For income tax relatex assiatance kindly connect with me on khushbu.2893@gmail.com with your contact no
How do I fill taxes online?
you can file taxes online by using different online platforms. by using this online platform you can easily submit the income tax returns, optimize your taxes easily.Tachotax provides the most secure, easy and fast way of tax filing.