NK1976
04 July 2023 at 12:51

NRI-Income Tax Return

Dear Sir,
I want to know the answer of the following question.
Is it mandatory for NRIs to file income tax return in India?
Now the income is only from the interest of the savings account and there is no other source of income. He is now a US citizen. He has uploaded the return for the last ten years as NRI Status.

Please respond to the above.

Thanks & Regards
NK


TUSHAR KANTI BHATTACHARYA
04 July 2023 at 12:30

Arrear gratuaty

One person had some income from Arrears Gratuity and Arrears of pension commutation from his Employer and consequentially included his income portion but we know gratuity and pension is exempt income. Can I exclude that very income from his Total Income shown in AIS PORTAL . I waited yours valuable opinions within in short period.
Tushar Kanti Bhattacharya


Puranjane Singh
04 July 2023 at 12:06

Gst registration address proof

the property where i conduct my business is owned by a certain person X which is leased by Y and Y leased it to me as a working space
the electricity bill has X's name and there are 2 rent agreements one with X and Y and the other between me and Y
what document should i use as an address proof for gst registration


Mohd Pervez

Hi,

can we depreciate spare assets?

Thank you
pervez


Accounts & Tax Consultant
04 July 2023 at 10:11

194H Income

Respected Sir,

One of my client - Enrolled as an Advocate in Bar Council during last year.

He also runs a Software Consultancy and operating a Total T.O of Rs. 50L during previous year

Also he has Commission Income - TDS Deducted U/s 194H of Income Tax Act 1961.


I request your Advise on How to prepare Financials and File Income Tax for him

Ques 1: Can I declare his Software Consulting T.O of 50L under 44AD and declare 6 % / 8%

Ques 2: Also can i show Commission Income (TDS Deducted U/s 194H) in 44AD and declare 6% / 8%

Ques 3: What will be the Complication of Filing Business ITR for Advocates

Kindly advise


K BHEEMA REDDY

Dear Sir,
Interest earned on maturity of National saving certificate is taxable or not..? and also interest earned on PPF & FD is taxable or not.. Please guide me with relevant section.


Thanks & Regards,
Bheema Reddy.


Madhav Munde

while doing merchant export transaction, is it mandatory. to give intimation to GST department for each transaction.


apro
04 July 2023 at 01:40

House rent and maintenance

Hello Sir,

I am paying   ₹ 35,000 PM out of which ₹ 2500 is being paid to the housing society as maintenance amount and the remaining ₹ 32,500 as rent to owner. The owner is not ready to sign rent receipt for   ₹ 35,000 since owner is not collecting the maintenance amount. How do I proceed on this to claim my HRA ?


Dharmendra Kewalramani

Sir
I submitted the two different e-verified 10E form for Ay 2023-24 but I still not submitted the Itr for the same, Now which is the 10E considered as right one?
With regards
Dharmendra K. Kewalramani


Proloy Samaradivakera

My daughter has an NRI status and has received dividends from HDFC Mutual Fund for Rs 15032 u/s 196A and tax at 20%+ as given in 26AS. While filing tax - this amount needs to be entered in Sch - Other Sources (OS) under the sub-section 'Income Chargeable at Special Rate'. While choosing the sub-category under this sub-section I am getting two relevant options
to choose i) 115A(1)(a)(i) - Dividends in case of non-residents and ii) 115A(1)(a)(iiab)- Interest as per Sec 194LD.
In AIS Summary the amount is shown under 'Income in respect of units of non-resident u/s 115A(1)(a)(iiab)' .
Under which sub-category will I enter the dividend amount under the subsection Income Chargeable at Special Rate' ?






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