I am an NRI since year 1995. Now I have plan to stay in india every year 180 days and balance days in oversees with my son for next three years (Financial year 2024-25 to 2026-27).
This will help me to divert my NRE fixed deposit money to other investment like shares, MF etc and save income tax in my hand.

Will I will be treated as NON RESIDENT ?
Is my under standing correct for tax planning.

A Sale Bill has 2 type of material 18% and 5% GST rate ...how to show this in GSTR1 B2B Format? If i will show invoice 2times one time with 18% and 2nd one with 5% type material..then portal will accept it?

Sir,
Assessess running a proprietorship firm personal expenses rs:1,20,000/- lacs
Question:
Personal expenses including total amount rs:1,20,000/- or 1/15 share amount including sole proprietorship in itr.

I am running a jewellery business and my blood relative is willing to gift me Rs.6L. From income tax perspective should I receive the money in Current account or Savings account. Why?

we are two Partners in LLP, our Last year Sales was 27.21 lakh, Approx. Net Profit is 1.2 Lakh, is Tax Audit Required.

Dear All,

I have query regarding the ITC. we are providing the services as GTA with 12% GST on output services.
But vendor has charged the GST 18% under (hiring of vehicle).
please advise, can I claim the ITC? there is gap (6%) input vs output services.
your prompt response would be highly appreciated.
thanks

Sir,
WE filed tds return (regular staement) for Q3 (26Q) on time but missed to add one deductee. Now if we add deductee and file revised TDS return for Q3, whether we will have to pay penalty of Rs 200 per day from 1st Feb to the date of filing revised return. Please guide.

Please advise. I purchased a flat with another person for 30 lacs. Other person contributed 15 lacs, I paid 10 lacs and took a loan of 5 lacs over that flat and contributed. Now both contributed 15 lacs each. I am the one who is paying interest on loan. At the time of sale, can I claim this interest as my contribution in this flat and ask for more percentage?

To qualify the Company as a Small Company, is it necessary to fulfill both the paid-up capital and turnover criteria, or is it sufficient to meet just one of them? Kindly clarify.

Thanks in Advance

sir
I was purchased a house in 2011 with my savings and housing loan. The was purchased on jointly me and wife name. In dec 2023 I was sold this house and 1% TDS was deposited in both of ours PAN account. Now I want to know that long-term capital gain will arise only on me or both of us.
thanks