CA JK

My Client is an Indian Ship Crew member who is working for an Indian Shipping company, going abroad on an Indian Ship, and his stay in India is 166days.

I would like to know whether his salary received is taxable or not ?

He is receiving salary from abroad in his Bank account in India.

Please tell me whether he is resident or non-resident and if salary is credited to the bank situated in India then is he taxable ?

Thank You !

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Anonymous
10 July 2013 at 17:34

Correction or revised return

Our division's all 4 Qtr.return of 2012-13 have been filed.Now we came to know that salary and TDS amt.of Qtr.2 and Qtr.3 needs correction.The amt is also showing in 26AS.I have downloaded Consolidated file for Qtr.2 and 3 but RPU is not allowing correction in salary or TDS amount and showing"For matched /provisionally booked/overbooked challan/transfer voucher,update is allowed only on fields-section code,interst amount and others amt."
Do i file revised return(and How) or how to correct amt.as others can claim refund due to earlier wrong(Excess TDS ) return filing.

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Yash Dave
10 July 2013 at 12:35

Capital gain

I AM HAVING SELF OCCUPIED RESIDENTIAL FLAT.I HAVE SOLD DURING THE YEAR 2013 PLOT OF LAND WHICH WAS ACQUIRE IN 1988 AND THE SALE PROCEEDS INVESTED IN ANOTHER RESIDENTIAL UNIT WHETHER LT GAIN ON SALE OF PLOT IS EXEMPTED U/S 54F BEING REINVESTED IN RESIDENTIAL UNIT OR NOT

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Raghava
09 July 2013 at 17:13

194 ia

I have entered into two agreements with Builder i.e., one for Agreement for sale of land and another one for agreement for construction of flat. If i club both considerations, it is more than 50 lacs. (Individually they are less than 50 lacs). And registration was done as per value of Agreement of sale i.e., less than 50 lacs. In such a case, whether am i liable to deduct TDS under Section 194 IA as the total consideration paid to builder is crossing Rs.50 Lacs? Can any one clarify this at the earliest?

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CA Jigna

Please Help me out in the case of Sale of a House Property which is recd as a
Gift:
Lets take an example,
Suppose Mr. A is an Individual, and he gifts a House Property to his wife Mrs. A...
Now, Mrs. A sells this House Property to Mr. B above the Cost.. & There arises
Short Term Capital Gain...
Now, This STCG will be taxable in whose Hands???
1.) Mr. A's or
2.) Mrs. A's ????

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Punit
09 July 2013 at 13:21

Tds u/s 194ia

If I have purchased a property aggregating to rs. 7.5 cr. For which payments of Rs. 4 Cr have been made before 1.06.2013 and no agreement for sale has been made till date. Question is whether TDS has to be deducted on full consideration of Rs. 7.5 Cr or only on balance Rs. 3.5 Cr.

Thanking in advance.

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Ashish Joshi
09 July 2013 at 13:18

Foreign expenses reimbursement

Dear Team,

We are Pvt. Ltd. Company. My One director has gone to France & Germany Visit with his father for official work. We have 1500 Euro and 10 USD in our company books which he can use. But he spend 2600 Euro. He took balance euro from his friends & father. He is telling you will reimburse the balance amount i.e. 1100 euro in INR. Our Auditors is not accepting this. Can anybody please tell is it possible or not.

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Yash Dave
09 July 2013 at 13:07

Incometax

I PURCHASE FLAT IN 1983 AND I SOLD IT IN APR 2012 FOR 30LACS AND PRUCHASE NEW RESIDENTIAL UNIT FOR 38LACS IN AUG 2013 MY QUESTION IS AS FOLLOW

1-WILL I BE EXEMPTED FOR CAPITAL GIAN TAX

2-I HAVE PAID RESGISTRATION FEES OF 30,000 AND STAMPDUTY OF RS 190000/- WILL IGET DECDUCTION OF IT IN MY INCOME TAX RETURN AND TILL WHAT LIMIT

3- AS MY FORM 16 IS NOT RECVD CAN I FILE THE RETURN AFTER 31 JULY 2013

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CA Kumar Rahul

Please suggest the best way to claim maximum deduction with minimum investment for a salaried person.

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sonu
08 July 2013 at 19:11

About section 80ddb

I am salary person working in private company my father is suffering from Chronic Kidney failure.
For claiming the benefit of 80ddb i should need form 10I but in form it is written it shouid we certify by the doctor of Government hospital but his treatment is done by private doctor in private hospital so it compulsory to have form 10I if is it so can I get this form certify by the doctor who treat my father.
As he was suffering from above disease so he need dialysis twice a weak so can I get benefit of dialysis charge in medical reimbursement.

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