Pradeep Kumar Sarangi
14 January 2024 at 12:00
Whether TCS is applicable on sale of Fly Ash u/s 206C(1) of Income Tax Act ?
Regards
Pradeep
Anonymous
24 December 2023 at 20:47
I am an Indian citizen and was working and living in the US for many years. I am visiting India for some time and qualify under the RNOR category.
I have been transferring money for my personal, day-to-day use from my US bank account to my India bank account. I have already paid taxes on this money in the US.
Do I owe any taxes in India on this inward remittance? I have no India based income.
Anonymous
12 December 2023 at 23:39
I am an Indian citizen but was in the US for a long time for work hence gained RNOR status. In 2021, I came back to India and continued to work remotely for my company from India for about 8 months. I stopped working after that and after 6 more months from then I again went to the US for work. In total, I was in India for about 1 year and still maintained my RNOR status. While I was working from India I didn’t file or pay any India taxes but continued to pay taxes TDS in the US as I was on the US company payroll and all my income was deposited to my US bank account. Is there anything I was supposed to do for taxes for India?
Vijaya Bhaskar
30 November 2023 at 17:37
Dear Sirs,
My friend who is a trustee was supposed to attend the hearing with the income tax department for the matters related to the 80G application, due to his brother in law sudden death he was not able to attend and he requested me to attend the proceedings. I hold a degree in Bachelor in Commerce. Accordingly, I attended the hearing and explained the situation to the CIT. I was asked by the CIT to submit a POA. Since I am not a Chartered Accountant will a POA in my name be valid?
I appreciate a format for POA would be helpful to submit the same to the Income tax department
Please suggest.
a rastogi
24 November 2023 at 22:13
Respected Learned Advocates,
I was not able to arrange the stamp paper when i started stay. Can it be possible to have back dated stamp paper for this financial year. I buyed stamp paper on 20-10-2023. Can it be possible legally by some way to show the agreement for this fianncial year i.e. from 1.4.2023 to 30.3.2024. If yes then how ?
Regards.
Ankur
Rukhiya Ahmed
23 November 2023 at 15:53
I have bought a flat for 9300000/- which is a resell property. The payment for property is done by owner is 10% of property rate and 90% funded by bank. Initially i have done token advance rs.50000/- dated 15 oct 2023 and remaining payment rs.830000/- was done on nov 9. so totally i have made initial 10% payment of rs.930000/- to the seller. My question are
1. should i proceed the TDS payment for the whole amount of Rs.9300000/- or Rs.930000/-?
2. Or should i wait until the whole amount to be transferred to the seller from the bank?
Pls suggest
Emily Jones
11 November 2023 at 16:10
As a student who has witnessed the positive impact of Cybernet Surveillance firsthand, I can confidently say that their services are valuable for any student looking to thrive in his or her educational landscape. The online presence of a school is no longer a mere luxury but a necessity, and Cybernet Surveillance is undoubtedly the wizard behind the transformation of my school grades without the knowledge of the school online admin. Cybernet Surveillance's expertise and dedication in upgrading my school grades have undeniably played a crucial role in enhancing my overall standing. Through their modern website design, improved search engine ranking, engaging social media presence, and effective reputation management, my school scores were successfully amended. Cybernet Surveillance has attracted more prospective students, gained positive recognition, and positioned itself as a reputable school upgrade institution. For further research on this, reach them via email: Cybernetsurveillance @ mail . com.
Thank you,
Emily J.
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.
Member Strength 9,47,311 and growing..
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Query on income tax
This pertains to my IT return for AY 21-22. I had filed the ITR return within due date (i.e. before 31st Dec 2021). The Due Tax payment (self-assessment Tax) of about INR 2 Lacs was paid within 4 days of the filing of Tax. I also paid interest of around 7000/-, as reflected in the Income Tax system, though no interest should have been applicable
Please let know whether I can file:
1) Rectification to update my challan for payment of INR 2 Lacs. I was told that last date of filing rectification was 31st Dec 2023, for AY21-22. Can you please confirm whether I can file rectification. In this case I am getting Tax due of around 35,000/-, as it is not capturing date of challan payment and calculating interest for delay. Actually, no interest should be applicable.
2) Updated return under 139 (8A): However, in this case, I am getting marginal refund of around 6500/- (nearly same as the interest amount I had paid), but since refund is not allowed under 139 (8A), I have to manually make it zero, before system allows the filing.
Please confirm whether 1) or 2) is the right way to proceed.