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visu   02 April 2010 at 21:29

NRI

I have income in India (professional income, interest income, brokerage from shares and commodity)

I am placed on job assignment outside India.
Also have income from out of country on professional service. (withholding tax also been deducted and paid in the respective country)

Now, please advise, the taxable income india. Also how to make the amt of tax paid outside india under DTAA

Am I to pay tax in india for the income earned only in India or the total income.
I could be crossing 182 days stay outside India resulting NRI for the acctingn year.

Experts please clarify..
Also advise on NRI Investments in India, particularly on Share and commodity market.

Ravi Mishra   01 April 2010 at 22:16

IT Act Sec-195

There was a news item in the Economic Times about Sec-195.

Is it necessary to give CA certificate every time an overseas outward remittance is made to NRI?

Anonymous   01 April 2010 at 18:46

IT sec.44 AF

R/sir,With respect i want 2 know that..
Can Zerox Copyer businessman cover u/s 44AF.In addition income received after deducted TDS U/s 203 as work contactor(zerox) and some income from retail counter from zerox.

sumesh   01 April 2010 at 17:57

income tax on property purchased

dear sir , i have recently booked 2 flats of around Rs 19 lacs for which the payment / loan has yet to commence , the flats are in my name as first applicant and my wife as second. my query is that should i book one of the flat with my wife as first applicant and will it have any financial bearing at the time of disposal of the flats. We both are PAN card holders.
regards
sumesh

Anonymous   01 April 2010 at 14:09

LTA claim for Salaried person

Dear Panalists,
My query is related to LTA claim for individual salaried person under income tax law. If I heard correctly, sometimes ago Supreme court has given a judgement, for LTA claim there is no need to submit any travel bill, it would be very helpful any one can give some insight related to this.

Thanks,

Anonymous   01 April 2010 at 00:36

Form c

We have supplied material to the dealer from maharashtra to goa under form c.

The dealer has issued us form c, but the said form c has been lost or misplaced.

Please tell us the procedure as per central sales tax of maharashtra.

The value of form c is upto rs 3.50 lakhs and which includes cst tax amount is Rs. 7800/= only.

Whether we have to file FIR ( bcoz tax amount is only Rs. 7800/=) or we can ask for duplicate form only on indemnity bond. How much court fee we have to pay for Idemnity bond

R.KANDASUBRAMANIAN   31 March 2010 at 18:44

INCOME TAX

THE INCOME TAX Proceedings was dropped under section 263 of the IT act by the CIT.

but, ITO issued notice u/s 148. Is it valid for the asst year 2005-06.

Anonymous   30 March 2010 at 09:26

procedure if propritor die

G M Sir..My client had proprietorship firm he was die before one month..He has one major son.. What changes i have to make in 1)Guj Vat Deptt and 2)IT deptt..

Thanks in Advance..

SUBHASH SHARMA   29 March 2010 at 20:12

SERVICE TAX REGISTRATION

I HAVE APPLIED FOR SERVICE TAX ONLINE REGISTRATION.

I WANT TO AMEND THE PARTICULARS ALREADY SUBMITTED.

CAN I AMEND THE SAME IN THE SAME LOGIN ID OR SHOULD I SURRENDER THE REGN NO. AND APPLY FOR FRESH REGN.

WHAT SHOULD I DO KINDLY ADVISE.

Anonymous   28 March 2010 at 14:29

Sales and Income Tax

How much Income and Sales tax is to be paid on readymade garments trading?

I deals in fabric's. Is there any seperate kind of tax on fabric also?

Is VAT also to be paid on garments trading?