I have an offer to work for a UK company from India. They do not have any Indian establishment so, I will have to work on a contractual basis, I guess?
Q1. What is the best option to import work from UK, work as a contractor? or Full Time Employee?
Q2. If I go contractor route, do I need to register myself as a business and get a GST number?
Q3. What taxes do I need to pay in India?
Q4. Will my employer deduct any taxes in the UK?
Q5. How can I create invoices for hourly rate to charge my employee?

Any help on this will be much appreciated. Many Thanks in advance.

Dear Expert,

Request you to please advise on below :

Company is paying certain amount as voucher to employees as rewards and recognition.

I would like to know the taxability of rewards and recognition. like long term service awards, performance awards (please provide some case study / reference).

In addition to that It would be helpful if you can also put some insight on Elective vehicle fuel reimbursement taxability. What proof's we have to collect from employee to provide the tax exemptions.

1) Car owned by employer
2) Car owned by employee.

Thank you,
Gorksh Pawar

Sir,
A Doctor maintained two hospitals two different places in individual status.but 2nd hospital conversation partner ship firm create another two new partners(doctors) introduced accepted in it act
Question:
A Doctor two hospitals maintained own or 2nd hospital create partner ship firm benefit.

Sir,
It assessee (doctor) purchase of site value rs:30 lacs and new construction started hospital building purpose.
Question:
1.loan repayment interest amount business expenses treatment or hospital construction account transfer correct procedure
2.hospital land and hospital construction
expenses account including two seperated accounts or single account maintained.
3.example selling of hospital capital gains applicable on (hospital land and hospital construction both calculated )

Dear Expert ! My client purchased aguriculture land in 2005 and sold in Oct. 2013 and aguriculture product, say rice was used by him for own family. As per census 2011 , population of village is 1400 having panchayat and village is far war away from municipal board about 28 km arially of which population of was about 66000 as per 2011 cenusu, he has claimed it is not a capital assets and cannot be taxed. is it correct ? pl advise.

Dear Experts
Assesee, a salaried individual planning to sell her old house property. It was cosntructed in the year 2002 for Rs 10 lakhs. But no proof is availablw with her now. How to arrive at the cost for computation of capital gains. Can we obtain a valuation certifcate from an income tax approved valuer for Rs 10 lakhs?

In both these cases referred to below, 143(1) intimation has been received granting a refund and the bank account details are showing as verified in IT portal...

However the refund is not getting credited for last 2 months. whom should I follow up with.. do not know if the reason is mismatch of name of the assessee and the bank account holder's name ... the names of the assessee and the bank account holder name are different because I am

a) karta of HUF in one case
b) legal heir in another case

Hello,

I own 90% shares in a pvt ltd company, the other 10% is with my brother. We have just been made an acquisition offer. Now:

- Should we sell the company to the acquirer?

OR

- Should we just sell the intellectual property as individuals? This is possible as the IP is in our personal ownership, although we can change ownership to company if that is more beneficial from the tax point-of-view. It's a digital asset so changing the owner name is no big deal at all. Acquirer is interested in the digital asset only, so they are fine either way.

OR

- Should we sell our shares in the pvt ltd company to the acquirer? We have owned the 90% / 10% shares in this pvt ltd company since inception (10+ years). Would this come under long-term capital gains?

Thank you very very much

What will be the tax implications of each? Please provide percentages for each, and which will be best for us.

I have received inherited residential flat of my father which was purchased at approx Rs. 18000 (Eighteen Thousand) in 1980 in mumbai, area 265 sqft. In 2006 the extension work was done on existing structure of the building and each flat in building got extended by 110 sqft. admeasuring total area of 375 sqft. I have transferred 50% share of my flat on my wife's name and now we are joint holders. If I sell the flat for 37 Lakhs in April 2022 how much tax will be calculated on sale of this property. Request you to kindly guide.

How to calculate age of senior Citizen in income tax for tax computation in income tax and also benefit of deduction.