Haresh Kumar
30 October 2023 at 17:54
I would like to pay a non-resident firm in Dubai USD 250,000 as commission for setting up an ocean freight shipment from Russia to India.
My question is that
Is this transaction subject to TDS deduction under the Indian Income Tax Act?
Anonymous
25 October 2023 at 14:22
Hello Experts, I started work for Kuwait based company from India. I will be providing software related services and receving payment in USD. I was advised for GST regirstaration etc. as this is export service no GST will be applicable but filing is requried. I want to know if I take money in bank account maintained out of India still I have to go for GST registration. Can I avoid GST registration if service is provided outside India and money collected out side India? I understand I will be paying Income tax as professional Income on earnings. Expert pls clarify.
Anonymous
16 October 2023 at 16:33
AFTER RETIREMENT I ,OFFER CONTRACTUAL INTERNAL AUDIT WORK.
IN THIS REGARD ,I AM SIMPLY B.COM, NOT HAVING ANY PROFESSIONAL QUALIFICATION.
MY QUERY IS -IS IT RIGHT TO DEDUCT 1% TDS AS PER SEC.194C CONTRACTUAL WORK
PLEASE GIVE ME GUIDANCE
AJOY KR. MUKHERJEE
01 October 2023 at 13:51
Sir, I have an joint savings account in SBI with my wife where I am the primary holder. We have jointly hold some Fixed deposit. In 3 nos. FD's my wife is primary holder and it is made after premature of her old FD's the premature amount transferred in our joint savings account which she was made since last 11 years ago. Now she made Rs. 11 lac jointly fresh FD's from this amount where she is primary holder. I am also made like same as my wife for Rs. 5lac.
Bank report through form 61A in SFT 05 of AIS 15 lac in each of our AIS. Whether it is right or wrong. What is the treatment in ITR may taken by me.
Please give me the valuable advice and help.
Regards
A. K. Mukherjee
T.N.REDDY
01 October 2023 at 13:16
Sir, In taxing statues like GST and Income Tax, if I miss to plead one valuable ground in the lower appeals, can plead that ground as an additional ground in the higher appeals, I mean I would like to bring new ground which was not at all pleaded in the lower ground that helps me a case in my favour.
Anonymous
16 September 2023 at 20:38
My PhD registration number is not found
Camille Demarta
30 August 2023 at 12:14
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YATIN
26 August 2023 at 12:46
I am getting long term capital gain (LTCG) on sale of my residential flat. I would be investing this LTCG to purchase new flat in under construction scheme of a developer. Being a high rise tower the registered sale deed/possession for new flat will happen after three & half years. However I will make full payment for this new flat within six months of sale of my old flat. To get exemption of LTCG tax u/s 54 Income Tax act, I have to purchase another residence within two years. In my case wherein I will be making full payment for new flat within 6 months, but possession will be given after three & half years. Would my making full payment to developer in 6 months be considered as purchase & will I get exemption of cap gains tax u/s 54 even if possession will be after 42 months? I request to have notifications/case laws to support my claim since scrutiny is faceless now.
RAJESH CHOPRA
15 August 2023 at 18:58
Dear Sir
My son after completing his studies has recently started working in USA and is taxed as per US laws. He needs money to purchase certain assets in USA for his needs. Can I as a father Gift him and remit USD 50,000 from my resident account in India as a normal foreign currency remittance. Will there be any tax implications for me or for him as per law. Also what is the limit that I can remit money as a Gift to him
Thanks
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