VAIBHAV GUPTA
11 July 2024 at 00:40

Foreign Income Taxation - In India

Last year I moved to UK and spent over 60 days in the FY 2023-24. And will be considered as India resident. I’ve all my income in UK with tax paid per the UK slabs.

But since now my income needs to taxed in India, can I get any rebate like HRA & LTA… There is no component in my UK salary for such rebates or salary break down…


With the same salary entered for taxation in India is coming out to have additional tax liability? has anyone worked on queries like this before?


Deepak Rawat

Dear Experts,
I have done an import but IGST amount, that I have paid to custom department, is not reflecting on GST portal. I enquired all the department but there is no positive response from them. At last, I called my courier partner and he advised to submit Bill of Entry manually at GST department to get IGST Input. Below is the mail form my courier partner:-

"We find that your Bill Of Entry (BOE) has been filed with your GSTIN. We wish to update you that the IGST amount paid as a part of customs duty has to be claimed on the basis of the bill of entry and not the duty invoice, in case it’s an ECCS bill of entry.



The print of the ECCS bill of entry needs to be manually submitted to the GST office to file claim for the IGST. Unlike EDI system of customs, ECCS system is not integrated with ICEGATE.



The IGST amount paid for the shipment is updated by customs and carrier /CHA has no scope of updating the same. Please be informed that under courier mode the BOE will not reflect in IDPMS (Import Data Processing & Monitoring System) as customs ECCS application is not yet linked with IDPMS. The print of the ECCS bill of entry needs to be manually submitted to the GST office to file claim for the IGST."



As per me, there should not be any such process. Please guide proper way.


Rajesh Bk
10 July 2024 at 20:38

What itr applicable

Hai myself Rajesh
I am working in 2 colleges as a lecturer under contract basis. The college authority deducted tds under section 194c and 194JB. My total receipts Rs.434380/- for fy 2023-2024 ( Total TDS deducted Rs.10650/-). In which ITR i should file returns. which is the business or professional code for my profession. can i come under any "presumptive under sections " ? can i get tds refunded?
Kindly guide me in detail. it is humbe rquest to sujjest me.












biju parambil

Today while filing the GSTR1 under HSN it was noticed that we should use UOM as "NOS-NUMBERS" instead of "NOS" which was accepted till last filing... However, under EwayBill UOM still accept "NOS".

Did any one encountered this issue?

There should be some consistent between these two different dataset... otherwise making changes in all the software is a teadious task... Hope InfoSys undertsands this....


Vignesh Raja
10 July 2024 at 19:02

ITC On Asset Insurance

Hi All,

Can we Avail ITC on the Asset Insurance which is for the below points

1. Burglary
2. MBD- Machinery Breakdown
3. Electronic Equipment Insurance

If we can claim ITC for this, Kindly share any Provisions or Section for this scenario to understand better


Javed Memon
10 July 2024 at 18:29

Laboratory Income

Can we declare laboratory income u/s 44ada ?
and if yes then under Medical Services or Technical Services ??


vishwas
10 July 2024 at 17:01

Firm name Approval ICAI

Dear Members , I had applied firm name approval with ICAI (as proprietor ) and same got rejected and reason by icai is " due to The firm name proposed by you, is/are not as per our guidelines (Regulation 190)"
my name is Vishwasa B M and i applied as Vishwas B M and its as per As Per Point(I) i.e permitting the use as a firm/trade name a part of the name of proprietor .
whether its allowed , what to do in this situation ??


Prajakta Potdar
06 August 2024 at 12:25

Irregularities in filing form 10B

A statutory body is enacted as per Advocate Act 1961. As per Supreme Court Judgment, income of statutory body is exempt u/s 10 (23 A) and section 11.

Since AY 2020-21, Form 10 B is mandatory to be filed. Due to lack of knowledge, Form 10B was not filed in time.

Income tax sent notices since AY 2020-21 , 2022-23, 2023-24 and made all income taxable. How to solve all the problems. Please guide.


Ritesh

Hello Sir/Madam,
I have query regarding, Deductions permissible for section Section 57(ii) and (iii).
I have rented flat , I have done some repairing in that Flat (like Painting), For that I had spend Rs 1200.
can I claim Rs 12000 against Section deduction in section 57(ii) and (iii).


SIDDHARTH MAHESHKUMAR SHAH

One Consultant, who is Individual and HUF and who is not an advocate has raised invoice without charging GST for his consultancy services, in this case should we need to charge RCM GST on this invoice. Consultancy may be of labour law or any type.





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