Hello,
I am thinking of registering an LLC in USA. My CA has said me that the control and mangement issue comes if you operate a company registered in USA from India. Let me explain my business model first before the question.
My USA registered company will earn as follows
1) Through ecommerce website - I will sell physical products like tshirts, accessories which are supplied form China and USA and not India at all. And all the customers will be from USA, UK, Europe. None of the customers will be from India.
2) Through Affiliate marketing - I will sell other people's digital products like ebooks, softwares etc from affiliate networks like clickbank and Jvzoo or warriorplus. These customers can be of India as well as any countries all over the world.
3) My own digital products - I will create digital products like ebooks, memberships etc, and sell them through clickbank and jvzoo as a vendor. For these also the customers can be anywhere in the world.
All the above will be done from the USA registered company. I will be the sole owner of the company. My CA said that as a proprietor I cannot give myself salary every month. So, whatever income will come from this company I will get the profit share. Now, how will I get taxed for the profit I earn from the USA company in India. My CA does not know this as he said that you need an international taxation expert for that.
Does anyone here know answer to my question. Also will I require to get a GST numbers myself in India for this income.
Also in one of the posts in the forum, it is said that for a foreign company whose turnover is below 50 cr does not have a liability to pay tax in India. Please confirm this as well. I would highly appreciate if anyone would answer this as my company registration is stuck because of this.
Dear Experts I have received notice from the Department stating that Tax Payer has claimed gross receipt or income under the head PGBP more than Rs.50 Lakhs. However, he has not filed Balance Sheet and profit and Loss account and has not got the books of accounts audited.
I have filed ITR3 I am a Doctor providing consultation to hospitals. My Total Gross receipts during the F.Y 2016-17 is Rs.25 Lakhs and declaring 50% Income in such cases is it necessary to audited my books of account with CA. I have submitted the reply stating that My total Gross receipts is below Rs.50 Lakhs and not agree with you send the notice. Again department rejected my return and asked to reply soon. Please advise in this regard. Thanks in Advance.
Dear sir
Xyz company give a contract to A (A not covered under GTA) for goods load in a truck from the godown and unload in other site. For this work xyz pay rs 1000 to A. A have not any truck. A contract to B for that work (B cover under GTA). A pay rs 900 rs to B. B issue a consignment note to xyz company.
please guide me what action should be taken by A and B.
Sir,
Assessee is a charitable trust not registered under section 12 furnish return in form no ITR 7. On processing department is demanding to submit the return in prescribed form ie ITR 1 to ITR 6. What should be done now.
Sir
Can partnership business can apply composition scheme. Kindly advise. Me..
And what is the turnover limit?
can exemption under section 54 & section 54GB both can be avail in a single gain transaction?
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one of my client is a chemist drugist retailer and was a normal tax payer for the period july to december 2017. He registerd as composite dealer from 1st jan 2018. he has not yet filed his gstr4. His yearly turnover is around 21lac.
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Question about control and management of usa company