Facts of the case :

Mr.X a Non Resident of USA and a Resident Indian is an owner of LLC in USA.

LLC do the business of 100000$ in USA and spent 90000$ for the business and on Business income of $10,000. on this business incoem it pays applicable taxes in USA @ 15% i.e. $ 1500.

What will be the tax implication for the balance $ 8500. if Mr. X

1) Bring this $ 8500 in India, Will it be taxable in india? will DTAA would come in focus ? What about Transfer pricing ?

[ considering the fact LLC is located in India but managed & Control by owner Mr. X in india. ]


2)Do not bring $ 8500 in India.

Will it be taxable in india? will DTAA would come in focus ? What about Transfer pricing ?

[ considering the fact LLC is located in India but managed & Control by owner Mr. X in india. ]


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Dear All,

2 days back we have received a message from TD-ESERCH that Dear user, Your return is due for TIN -**********, Period - Annual Statement & Financial Year 2010-11, 31-aug-12 is the last date of file annual statement for FY 2010-11. Pl file ur return.

Our co incorporated in feb-12 & registered in sale tax chhatisgarh in june-12.

Pl help what Dept of return status is this Income Tax, Service Tax, Sale tax or what.. Plz guide..

Suppose if a company got incorporated on 19.06.2012. And the director has made two payments for company without deducting any TDS before incorporation. One is the salary payment of Rs. 3 lacs of one director for April and half May, (salary is Rs. 2,00,000 pm.) and another is the Lawyers fees for incorporating the company of Rs. 2 lacs.
Now the company after incorporation has applied for TAN and got TAN on 23.07.2012.

Now my question is?
1. What should be the amount charged as pre- incorporation expenses?
2. Whether TDS needs tobe deducted on pre-incorporation expenses, if Yes what is the due date of deduction and payment?
3. If salary cannot be incorporation expenses, what is the due date of deduction and deposit of TDS on Salary?

Please help me. I am very much confused.

MY CLIENT WANTS TO CLAIM ADDITIONAL REFUND OF THE TDS DEDUCTED , EXCESS OF THAT WHICH WAS RETURNED AND ALSO THAT WHICH WAS ASSESSED BY AO.THE REFUND AMT IS IN CRORES .PLEASE HELP ME WHICH IS THE RIGHT WAY FOR ME OF THESE TWO ? :
1) Application U/s 119(2)(b)to CBDT
2) Application to the Income Tax Ombudsman

Also please tell me whether i can file an application to the IT Ombudsman in case if CBDT fails to respond or does not grant the refund ? or should I enquire in CBDT under RTI Act ? please help & chart the right way for me....

My friend has to invest in long term capital gains tax exemption bonds(54 EC) of NHAI/ REC.Kindly suggest reliable agents/brokers within Mumbai who can assist and ensure correctness of the entire procedure of applying for the said bonds. Thanks.

can an individual who is from punjab but staying outside punjab for three to four years file his return in the city which he is staying or he has to go to his home town and file his return???

IF PREMIUM OF LAST 2 YRS AND THIS YEAR PAID IN THIS YEAR i.e. Total 3 PREMIUM. WILL I GET DEDUCTION OF 1 PREMIUM OR 3 PREMIUMS IN THIS YEAR

i dont work anywhere and i dont have any kind of business also but i want to file a return

so please clarify me with full details eloberately about the procedure that how to prepare a return file
and show the format also...

My client have forget password of Income tax site.
he dont know even regiser email ID with income tax so no sense of giving answer of any 3 question coming in income tax site.
Now what is solution for getting Password & registration of New Email ID.

Hello,
I was awaiting refund of about Rs.68000/- for A.Y 2009-10.Instead I received a 'Income Tax Refund Order Advice' from SBI which says amount of Rs.1120 has been adjusted.
I don't understand this slip. Please explain in simple words if I will receive any money or has it been completely adjusted? If adjusted, where and how?

Thanks,
Sanjay