Dear Sir,

If Buyer Turnover less Than 10 cr & if yearly purchase is exceed the 50 lakh
then it may required to deduct Tds Us 194Q

regards,

Sir/Madam,

Company has exported certain goods outside India by way of courier.
GST is 0 rated.
Invoice made for the exports mentions the GST.
The exporter company has spent GST specifically on purchase of raw materials in India.
How the same can be claimed back?
What is the role of LUT in this. Is it required to file LUT before exports?

Should we add the bonus and leave wages to salary account to calculate the Profession Tax payable in Maharashtra during the F.Y. 2022-23

with further reference to the original query dated 2017, it would be appreciated if the following possibility can be responded to:
supposing an individual who is a foreign national, buys at the request of a resident Indian, a foreign lottery which earns a prize, what would be the position.
can the winnings be transferred to the Indian resident by normal banking channels and the individual can then pay the Income Tax at the prescribed rate?
Some information on exact procedure would be welcome.

thanks

Respected Experts

I want to go composition to regular from 01.04.2023, for which when to be apply and which date to be select for withdrawn from composition (31.03.23 or 01.04.23) as today, date selection calendar not open for the month of April-23.

Thanks for all experts for earliest reply.

Dear Sir/Madam,

As per new provisions, the DTAA treaty benefit for withholding tax can be availed only if TRC and Form 10F is obtained on online basis. How this will work practically? Is the Non resident expected to take Indian PAN and then login on IT portal and file TRC and Form 10F online? Why will any non resident, who does not have any presence in India, will take Indian PAN? Are there any changes/amendments/clarifications have come up in these provisions?

I have recently passed CA Final exam, and going to apply for CA Membership plus COP. As per latest announcement by ICAI about 'Know your Member' (KYM) it requires certain documents to be submitted on yearly basis. Due to our financial condition is not so good, can I start my CA office from my home which is owned by my father, through Rent agreement and I use that rent agreement to submit to ICAI for KYM. Can I do that ?
Expert kindly give your opinion on this 🙏

I run a proprietary technical consultancy in India and come under GST exempted limit. Now I have an opportunity to earn consultancy in foreign currency and even that total value including local earnings will be well under GST exemption limit. I don’t file GST returns nor charge GST to my clients. I regularly file my ITR3 as required. Please let me know what all I need to do or follow in terms of GST, Foreign exchange earnings and income tax implications. I also have the option to opt for billing as an individual rather than a firm.

Read more at: https://www.caclubindia.com/forum/foreign-exchange-earning-and-impact-on-business-process-598100.asp

How to provide Balance confirmation ledger
If somebody ask balance confirmation ledger
If ledger not found in my books
If Ledger found in my books but balance is NIL
what exact word use to provide balance confirmation ledger for
Use Not found in books -NIL or Zero
Ledger found but balance is Zero- -Nil or Zero use

Hi,
Can you please help determine my residential status and tax liability for FY 23-24?

See below the facts for reference:
- Assessee left India on 26th Sept'22 on Tourist Visa for self-employment purposes and got his visa converted Inside country (UAE) to Virtual Work Visa. Approved on 5th Oct'22. Virtual Work Visa allows working legally from UAE for clients based out of UAE.
- The Self-employment work I am carrying out is same work which was previously carried out from India. However, It is now being carried out from the UAE. (No connection with India as work is for US and EU clients)
- Stay in India was for less than 175 days
- Stay in UAE is 190 days (15 days on Tourist Visa and remaining 175 days on Work Visa) Did not return to India for the entire 190 day period after leaving on 26th Sept'22.
- Indian income is more than 15L

Important Questions:
- Will my purpose of visit be considered for Employment? As It is essentially the same work I am doing. However, I've moved out of India and now continuing my work from UAE.
- What will be my Residential status for the year? NRI? RNOR? ROR? and why?
- Will my global Income be taxable?
- Will there be any Issues because I came on Tourist Visa and then converted my Visa to Virtual work visa? I had to come on Tourist visa because there were visa processing Issues from India.

Thanks,