Rajan Bhatia

Dear Sir,

I am employed by large Indian IT Company and have been on deputation to company's Subsidiary outside India for last 6 years. I am getting Indian Salary component in Switzerland with out any tax deduction in India. In addition, I get additional living allowance also in Switzerland. The Company Subsidiary pays Tax in Switzerland on my behalf.

Also I have NRO deposits in India and have Interest Income, for which I am paying 10% TDS at bank ( I have shown TRC and submitting DTAA )
I am submitting ITR2 as NRI - Please guide me on
a) Whether there is any tax liable in India also on Salary & Allowanc components ?
b) If not, Can this income be shown in ITR 2 Exempt Income (EI)section? Is this mandatory to disclose in EI Section ?
c) In ITR2 -there are sections on FSI and TR - are these applicable for me (NRI havig interest income in India) Or this is only applicable for Indian Residents having Foreign Income ?
Thank in advance.


CA Anita Jaiswal
14 July 2013 at 23:21

Show cause notice

hello .

My clent has rec Show Cause notice for AY 2010-11 in the yr 2013, he had rec about 4-5 notices from IT Dept.. but has not informed me about the said notices from IT Dept.

CASE
He has tfd huge amt of cash in yr 2009-10 and IT Dept based on the info given by AIR asked him to produce some Passbook Copy but the client did not informed me abut the leeter ,,,,n now after 4 notice IT Dept is asking for Penalty of Huge money along with Int ......
Now he has approached me...so what to do..
my client is not too educated... so can I write a letter to It Dept that he is not aware of the letter n can i asked them to restart again......
pls Advice



Anonymous
14 July 2013 at 23:15

How to start my studies

hello guys,
my attempt is due in may 15 and i am really worried about the coachings which i have to take... so i need to ask if it is possible to appear in may 15 ca final exams for both groups considering i havent started even a single practical subject... can we manage both coachings at the same time on alternate days??????
guys i really really need your help.. everyone please help me out with it....i'll be thankful to every suggestion...... so please HELP ME OUT!

THANKS!


heemansoo srivastava
14 July 2013 at 23:09

Name approval

I applied for approval of name and got the remark from ROC "General Name". What does it mean and what do I need to do? Please help me.



Anonymous
14 July 2013 at 22:59

Reversal of cenvat credit

Sir What is the procedure to reverse the cenvat credit wrongly taken in ER1 . Our company only availed the cenvate credit n still not utilize .

Sourabh
8092996201


Radha
14 July 2013 at 22:52

Tax law

Hi,

I have read it in graduation,but in CS exec. it has a extend level..
M facing problem in chapter 'computation of income under salary head'..
can u help me out with the gross salary computation...



Anonymous
14 July 2013 at 22:50

Need advise if 15h can be submitted?

Sir,
Case:
Senior Citizen.

Pension in a F/Y:120000

Interest accured from Bank FD: 150000

Total Income: 270000

Now in FY 2013-14
As standard deduction is 250000
And 87A Says tax credit max 2000

Can I Submit 15H in bank to avoid TDS.
Is my Income Taxable?



Anonymous
14 July 2013 at 22:46

Itr 1 excel file errors

Dear Sir(s)
I'm using excel-2003
we also use excel-2003 in our office.
we don't find this type of errors.
Kindly help to solve these errors;
Errors list;
1) compiler error in sheet 1
2) compiler error in hidden module 3
NOTE: i've sent changed the excel->options->security->macro securityLOW

pls. do help in these regards

Thanks in advance
mayurdhaj@gamil.com


HUKAM SINGH BAGGA

(1)I am running coaching classes from home and earn Rs200000/- approx. this year.
(2)I have some interest income from some of my freinds.(about Rs.125000/-)
(3) I have share broking income about Rs.135000/- (TDS Rs13500/-)and a trading loss in shares and commodity about Rs.270000/- this year.

Please let me help to prepair ITR.

Thanks


Lalit

We are running food and beverage business I.e Restaurant, but I dont know any about taxes applicable ,when it becomes aapplicable, what are ways to avoid it..
Please help me. .





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