If a person wants to make trading in stock market his business and he gets money from different people who like to invest in his business. He further wants to invest this money in stock market through his demat A/c then which type of entity should he incorporate and what are the legal compliances if any he needs to comply?

Hello,

How should one file income tax on amount received from foreign company outside India.
The amount is being transferred as NEFT and there is no form provided by that employer apart from payslip.

Should I just be calculating overall amount received and show it in income from other sources and pay tax according to my slab.

Note: Employer confirmed verbally that there is no tax deducted in foreign country. So there won't be any tax credit. There is no official document to prove this.

Thanks in advance.

Whether Tax Auditor has to check investment declarations/proofs received from employees of the auditee ? What if the auditee does not share the details as the payroll activities handled by third party & details are not available with the auditee?

while filing the Form26qb in case of joint buyers, what should be value in box where "total value of consideration(property value)"? Whether it should be complete value of property or only the share of the buyer?
Example:- if property have is 1.2Cr and 50% share for 2 buyers, what should be value in "total value of consideration(property value)"

What is current corporate tax %ge for pvt companies?

Mr.X has been accepting in bank and declaring rent income of a residential property in his personal ROI which was purchased in FY 2017-2018. Now in FY 2021-2022 the said property is sold for financing sons migration to foreign country for higher study and stay. Now when capital gain was required to be calculated, it came to knowledge that the said property's purchase and sale agreements are in the names of spouse and son but purchase was funded by Mr.X by borrowing loan in his name. The entire sale proceeds were received in sons bank account. Under the circumstances, who is legal owner, who and how capital gain to be declared. Please give references of sections, case laws etc.

An assesssee who is an NRI sold an apartment in india during Fy 2019-20 and incurred long term capital loss. She kept the sale consideration in NRO a/c in india. During the Fy 2022-23 she purchased a an apartment in india by utilising the above sale consideration. Balance Rs.1558200 is available in her NRO a/c. This amount is out sale of consideration during FY 2019-20. No taxable income arises in both the years. She wants to repatriate 1500000 to united kingdom. What is the procedure & what form to be filled in .

During the F.Y.2021-2022 trust's income is more than expenditure and transfer to corpus @ 15% u/s 11(1)(a) is done still the trust want to transfer the surplus to further years. whether it is allowable ? at present surplus funds are deposited in saving bank account. please advise what is the procedure. Thanks in advance.

A company puts coupons in its products having different-different values in points. Ultimate consumer collects these points and after accumulating certain points, redeems those points against which company has to deliver the gift as per its policy to that person. Now if the value of that gift is more than Rs. 20000, then TDS u/s 194 R will be applicable or not. Generally, with such consumers company has no direct relation. The company also has no information about these consumers except name and address which they provide at the time of redemption of points only through company’s application for this purpose. So, PAN etc also not available with the company. So, if the company decides to deposit TDS from its own then how this should be tackled because no of transactions are in large quantity.

Dear All,

Can any one please share TRC format for Taiwan..