I am having this issue in filling ITR for a Non Resident Indian (NRI).
In the F.Y. the concerned assessee has his receipts from salary earned while working on a foreign ship in foreign waters. He was in india for less than 182 days in total during the previous year, thus maintaining his NRI status.
He earns interest on savings bank account he has in India the total of which is Rs. 13,550- his total income in India. No TDS deducted.
Now he wants to file his return in India, what ITR should be filled, will his foreign salary be reported in it, if yes under which column.
The salary is received in US $, we have the pay vouchers for every month at what rate will it be converted to be reported in the return.
Can we appeal against the order u/s 200A for short deduction of t.d.s in case of invalid pan but later on the pan has been updated by filing correction statement inspite of which the the notice has been received because more than 2 alphabets and numbers have been rectified in the pan updation?
Answer nowhello
I would like to know whether donation to a non profit charitable eductaional institution is exempted from indian income tax ? if so under what provison. Any condition or procedure to claim tax exemption ?
regards
can you give any legal reference where it is mentioned that Sec 35(1)(ii) deduction is available to assessee carrying business or profession
Answer nowWhen a firm created at will is dissolved by mutual agreement between the partners, will the distribution of capital assets to the partners by the firm constitute a transfer consequently levying capital gains tax on the transaction?
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Dear All
Please advise if we paid directly to Two or three models for an event and he generate a bill about 60000/- with pan no. mentioned on it. then guide me about the TDS Applicability on this with circular..
Thanks
Can a company which has operations in India gain any tax benefit if it is headquartered in another country, say Mauritius? Will there be differences in tax compared to the same type of company incorporated in India?
Answer nowHi,
I want to know, how much amount of house rent allowance Per month can an employee pay ? If his basic salary 10000 per month & received House rent allowance Rs 4500 by Employer. What is the HRA limit which an employee can pay.
Hi,
During FY 2014-15 , I have Net Loss of INR 65000/- approx from F & O transactions.
My turnover during the period is around 4 lakhs.
Whether maintaining books & audit of same will be required for claiming & carry forward of F & o Loss
Thanks...
Sir,
One of my client have a rice co. & in a day it pay consolidate freight in excess of Rs. 35000.00 for different trucks having different Gr's. but single PAN i.e of truck owner. Drivers doesn't have their individual PAN.
Now plz clarify me whether that limit of Rs. 35000.00 is for single PAN or for individual trucks.
e.g freight paid to 1 truck driver is Rs. 20000 & another truck driver is Rs. 18000 but both have a single PAN.
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