Ramaswamy Thiyagarajan

Corrected Text: I am working for a firm in Bangalore providing Information Technology Service. We deputed our staff to Srilanka to provide IT Service at clients location.. We are Income tax Assesses in India. Our clients deducted Income tax from our payment, paid to the Taxation Authorities in Srilanka and issued Certificates. As per India-Srilanka Double Taxation Avoidance Agreement .can we adjust that tax in our tax dues in India. We have shown the transactions, payments received and tax deducted in our accounts in INR (As per exchange rates noted in Bank's Credit Advise). All payments are in USD through Bank. In their Tax Deduction Certificates they had shown the tax payment made in Srilankan Rupee and noted the corresponding value in USD. Our adviser says as the tax deducted in Srilanka and paid to that Government we have to provide proof that the amount reached Indian Indian Tax Department.If we could not adjust that tax deduction in our tax dues we will be at a loss. We have shown the Income from that transaction and if we could not adjust the tax deduction for it how can we get back that money. Is there any specific clause for TDS in Srilanka-India Double Taxation Avoidance Agreement for Tax Deduction

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P Singh

hi i am a small proprietor running a job work business. i have been running this business for last three years. but i did not open any current account. i just opened my current account this month. i wonder if i can deposit my cash received till now in this financial year in my current account?


Ramaswamy Thiyagarajan


I am working for a firm in Bangalore providing Information Technology Service. We deputed our staff to Srilanka to provide IT Service at clients location.. We are Income tax Assesses in India. Our clients deducted Income tax from our payment, paid to the Taxation Authorities in Srilanka and issued Certificates. As per India-Srilanka Double Taxation Avoidance Agreement .can we adjust that tax in our tax dues in India. We have shown the transactions, payments received and tax deducted in our accounts in INR (As per exchange rates noted in Bank's Credit Advise). All payments are in USD through Bank. In their Tax Deduction Certificates they had shown the tax payment made in Srilankan Rupee and noted the corresponding value in USD. Our adviser says as the tax deducted in Srilanka and paid to that Government we have to have proof that the amount reached Indian Indian Tax Department.If we could not adjust that tax deduction in our tax dues we will be at a loss. We have shown the Income from that transaction and if we could not adjust the tax deduction for it how can we get back that money. Is there any specific clause in Srilanka-India Double Taxation Avoidance Agreement for Tax Deduction


sreejesh

i have a partner ship firm.and a private ltd.co... plan to merge partnership firm to private ltd co. what is the formalitys....for this..????


gaurav sharma
26 February 2017 at 20:57

online rectification needs reference no ??

if one filed itr physically to office and they entered tds lesser than claimed.resulting in demand.Now when trying for rectification online one need reference no. from cpc.but one doesnt have it. what should one can do??



Anonymous
26 February 2017 at 20:06

Quitting ca course

I am 23 years old. I passed cpt and ipcc in first attempt. I also completed my articleship in 2015. My first attempt was due in may 2015. I have not cleared even a single subject since then...leave group.. both groups are pending. I have given four attempts but all in vain. I want to change my direction.. i am not interested in this course any more.. What are the other career options other than ca, cwa.. where the exam is not luck based and hard work is rewarded.. also that i can settle down.. I have no clue.. what to do..I am tired of hearing " Give one try" Never give up"..." You are one step away from success" bla bla.. I think.. if I give my efforts in some other direction.. then I would get better results...Please guide me.. I am also doing job in some small ca firm.. I also want to earn and learn.. No option.. because already some part of life is wasted in this journey..


Bijay Kumar Padhi
26 February 2017 at 19:28

Inteestfully investment in share market

How i start ,which way am i going to have better nvestment in share market....


JALEEL HAMZA
26 February 2017 at 19:19

postal registration

anybody can help me if I want to pursue CMA postal as I was a student in Cochin chapter but dropped it there, is it okay to do cma postal along with my work in Dubai?.... what is actually Postal registration


MANJIT

I AM A RETIRED INDIAN RAILWAY EMPLOYEE.WHILE IN SERVICE I USED TO CLAIM TUTION FEES AMOUNT WHICH I SPENT ON EDUCATIONAL OF MY CHILDRENS BY SUBMITTING THE FEES RECEIPTS TO THE EMPLOYER. NOW MY CHILDRENS ARE STILL STUDYING SO CAN I CLAIM THEIR TUTION FEES AMOUNT U/S 80C ? IF YES THEN WILL I NEED TO SHOW IT DEPARTMENT ANY PROOF?



Anonymous
26 February 2017 at 15:58

Quitting ca course

I am 23 years old. I cleared cpt and ipcc of ca course in first attempt. Since last four attemptssince may 2015 i am not able to clear even a single group or subjects of ca final. I have completed my articleship and i want to quit this course. What are the other career options in which I could pursue a great career ahead. And please I am sick of those advices " Your are one step away from success" " Never give up".. try one more time.. bla bla.. I have tried a lot.. and I want some serious advice regarding my career. I having a small job right now.. in a ca firm. I also want to earn.. along with study.. but any course other than ca.. so please advice






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