Greetings
A person left India for purpose of employment to UAE on 07 Jul 2019 ( previously working in India before this date ) and returned to India on 04 Jan 2021 ( The company terminated the employment due to loss of business ). He is currently looking for job abroad.
1. Can you clarify, what will be his residential status for the Financial Year 2020-2021 ?
2. Whether his foreign income for the financial year 2020-2021 is taxable in India ?
3. Is there any benefit in treaty between India and UAE, which can clarify, If salaried income received in UAE for the financial year 2020-2021 is taxable in India or not ?
As per regulation an indian citizen can only trade on broker platforms which are approved by SEBI and RBI and can only trade in INR pairs such as USDINR, JPYINR, EURINR….
Whether it is illegal to trade on octafx.(No mention of SEBI registration no. on their website).
I have cleared GDCA in May 2017. Now I need to get myself registered for Panel. For getting registered at Panel, Registration No. is required, but I didn't receive any Registration no. Where do I need to apply for registration. Also, is Income Tax Practioner equivalent to GDCA? What is the requirement for becoming Income Tax Practioner? Please guide. Thanks in advance.
Dear Sir,
We are providing private hostel services for students studying in Allen Institute and the monthly fees is Rs, 12000/- which includes lodging, fooding, transportation. Whether we have to pay GST or are exempted.
Is there any possibilities GSTR-9 & 9C for the year 2019-20.please inform if any one submit the representation to the GST council.
Dear All
I would like to know whether a Proprietor can waive the Interest Income which was paid by him for past years. The income is not paid in one financial year 2020-2021 due to covid-19. Is there any implications wit regard to Income Tax Act?
If cannot be waived, can it be reduced?
What are the TDS rates?? for making payment to LLP Firm
Respected Experts,
My sister is suffering from CKD(Chronic kidney disease)..Its a very critical illness where both kidneys stop functioning & one needs dialysis to breathe.The second option is kidney transplant. Plus there are other complications of the teeth etc..All this is way too expensive for middle-class people like us..There is an organisation in the US willing to help us ..They start an online petition and pass on whatever money online donors give for our cause..But this money is like donation..But from foreign land..How can I receive it in India? Are there any provisions.. For eg: Can my friend(who's staying abroad ) take it in his account and then pass it on to me ? Will it be considered?
Thanx for ur invaluable time and help once again ..
i have recently done some civil work for a construction company and for them to process my retention amount they have asked me to submit a Letter of undertaking on Rs 100 stamp paper.
My question is:
- Who will be the 1st party and 2nd party in this case?
- Should i print the letter of undertaking on the stamp paper or can i attach a copy of the letter and mention in the estamp that it is for LOU?
what is the procedure to avail input tax credit-IGST in case of import purchase
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Residential Status for person worked in UAE