FAQ

How do I fill income tax return related to stock market?
If you have an Intra Day trading it shall fall under Speculative Business. If trading is on delivery basis and also in Futures & Options it shall fall under Income from Capital Gains. ITR 3 for A.Y. 2017–18 can be used to file tax returns. As far as process for filing ITR is concerned kindly contact a suitable Chartered Accountant for submitting ITR on your behalf.
How to report deed in lieu of foreclosure on tax return?
It depends on what (in dollars etc..) the deficiency is/was. Your best bet is to talk to YOUR Tax Advisor/Preparer who will have seen ALL of your financial income and expense components of the tax year in which you deeded the property back to the lender.You really should NOT take the advise of anyone on Quora (as to how you might report this aspect of your tax liability(ies)), unless they are experts AND they’ve seen and analyzed in detail, your personal and unique financial set of facts/circumstances.
How could the federal government and state governments make it easier to fill out tax returns?
Individuals who don't own businesses spend tens of billions of dollars each year (in fees and time) filing taxes.  Most of this is unnecessary.  The government already has most of the information it asks us to provide.  It knows what are wages are, how much interest we earn, and so on. It should provide the information it has on the right line of an electronic tax return it provides us or our accountant.  Think about VISA. VISA doesn't send you a blank piece of paper each month, and ask you to list all your purchases, add them up and then penalize you if you get the wrong number.  It sends you a statement with everything it knows on it.   We are one of the only countries in the world that makes filing so hard. Many companies send you a tentative tax return, which you can adjust. Others have withholding at the source, so the average citizen doesn't file anything.California adopted a form of the above -- it was called ReadyReturn. 98%+ of those who tried it loved it. But the program was bitterly opposed by Intuit, makers of Turbo Tax. They went so far as to contribute $1 million to a PAC that made an independent expenditure for one candidate running for statewide office. The program was also opposed by Rush Limbaugh and Grover Norquist. The stated reason was that the government would cheat taxpayers. I believe the real reason is that they want tax filing to be painful, since they believe that acts as a constraint on government programs.
How can I fill out the income tax return of the year 2016-17 in 2018?
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.
If I have a stock/share of some company, outside of a tax shelter, how often do I have to report to IRS?
“Having” a stock is not a taxable event. The IRS only cares about income when they collect income taxes.If the stock pays a dividend, you may owe tax on that dividend.If you sell your share, the amount you gain or lose may be a taxable capital gain or a tax deduction. You can generally deduct losses from gains to reduce your taxable income.You could hold the stock for a lifetime with no tax consequences and then donate it to charity. All that matters to the IRS is whether any income is produced.A tax return is normally filed in April, but depending on your situation you may owe quarterly taxes as well.The IRS will be more than happy to answer your questions if you call 800–829–1040.
Does an exiting employee have to immediately pay tax on exercised pre-IPO NSO stock options?
It doesn't matter whether or not you are exiting.  The exercise Non Qualified Stock Options ("NSOs", also called NQs or NQSOs) results in an Ordinary Income event for most individuals. If the options were earned while an employee then the company should withhold tax and provide a W2 at the end of the year.  If the option were earned while a non-employee (generally a consultant) then the company will NOT withhold taxes, but will provide a 1099-misc at the end of the year.The withholding for "employees" is required even if the individual has been terminated and is no longer an employee.  It is required even if the exercise is done in a calendar year after the year of termination.Disclaimer:  I am neither a tax attorney, nor a CPA.  This is my understanding of the rule, but you must get final guidance from someone who is licensed to do so.
I want to get a loan so I can early exercise all of my stock options upon receiving them in order to avoid the Alternative Minimum Tax (AMT). How do I do this?
Steven Trieu lists some options. A couple things to add. Sometimes the company itself is willing to loan you the money to exercise your option. Normally this is done only in very early stages and/or for C-level people and other top executives.Most conventional lending sources would not consider private stock shares as collateral. It's too risky and they don't have the experience or guidelines to value them. They may factor it into your net worth but it wouldn't help your creditworthiness much. You're basically looking at a consumer loan. You could charge up your credit cards or take a mortgage on your house if you have one. Even if a lender were interested, nearly every startup company forbids pledging your shares as collateral. Look at the stock purchase (or often, option exercise) agreement that's usually attached to your stock grant, one of the things under the "restrictions on transfer" section is that you may not transfer, hypothecate, sell, *** or pledge *** the shares, meaning you may not use them as collateral for anything.Most companies also prohibit exercising unvested options, but this too is something they're often willing to waive for key employees (or if they're generous and understanding). Unvested options, once exercised, become unvested shares.As Steve mentions there are a few lenders that are specifically in this business. I can't really recommend one company or another but SharesPost is one that makes loans for people to exercise options. I'm with a company, Forge (formerly Equidate), that's also working towards a solution for the transaction side of these things. We haven't gotten to options just yet though, or considered the AMT effects, we're still working on shares. The mechanism would probably be the same when we do.Meanwhile, your best option is probably a personal loan from friends and family *if* you and they are willing to accept the possibility that your company will fail, your shares will become worthless, and as a result you won't have the means to pay them back.
Can anyone share a link on how to fill out the GST and GST annual return?
The deadline for filing GST Return for the year 17–18 is fast approaching .To file the GST annual return you need to reconcile the data appearing in your returns with the data in your financial books.You can watch the below video to have a basic idea about filing GST annual returnEnglish :Hindi :