Hi Everyone,
I am a UK citizen and planning to move to India and work remotely for my UK Firm and receive UK salary in UK Bank Account.
As I will be in RONR for first 3 Years as per my understanding so I have below queries
1.If I am working remotely for a UK Firm and receive UK Salary in a UK bank Account will this Income be taxed in India.(I have not been in India for the last 5 Years)
2.If I want to move to UK Salary Income to India what Indian Bank account should I open ?
3.After spending 3 years being resident in India will the income earned in previous financial years be taxed in India.
Appreciate your help.
Thanks,
T_FV_6351 Applicable and Mandatory For Financial Year 202324 onwards 'Other special allowances under section 10(14)'. How to solve this error while validating a correction file
t_fv_6351 applicable and mandatory for financial year 202324 onwards 'other special allowances under section 10(14) ANY SOLUTION
DEAR SIR,
ONE OF MY CLIENT'S INHERITED LAND (SITE) SIZE 34 METER ACQUIRED BY STATE HIGH WAY AND COMPENSATION AMOUNT PAID TO MY CLIENT. THE COMPENSATION AMOUNT RECEIVED BY CLIENT IS TAXABLE INCOME OR EXEMPTED U/S 10(37).
IT IS COMPULSORY SHOW IN ITR OR NOT?
BECAUSE THE PROPERTY INHERITED DETAILS NOT CLEARLY PROVIDED. OR
JUST ENTER THE AMOUNT RECEIVED IN EXEMPTION SECTION 10(37).
PLEASE CLARIFY ME
THANK YOU
One of my coffee plantation firm client, desires to admit an Indian origin, American citizen, NRI as a partner. The firm owns a coffee plantation in Hassan district and carries on the business of growing coffee, pepper and other agricultural produces. The NRI holds an Aadhar Card and a NRO bank account. Our query:
01. A NRI (Non-Indian Citizen) but Indian origin can become a partner in a partnership firm owing coffee plantation and growing coffee, pepper and other agricultural produces?
The NRI is investing from his NRO account.
Dear Experts
My exempt turnover above 40 Lacs, Then need to GST registration ?
solution for above error
Sir,
Assessess sales of flat value rs:55 lacs
Flat value rs:45 lacs fitting and fixtures value rs:10 lacs
Question:
Assessess sales agreement flat value and fittings and fixtures values separate or sales agreement flat with fixtures and fittings.
Sir,
TDS form 26Q for march-2024 got rejected with massage : Line No 2 - Duplicate Statement
Please help somebody .
Dear Sir/Madam,
I and my wife in joint ownership have purchased a flat . I paid an advance of 5% consideration on March 31, 2024. The rest of 5% advance was paid by me on Apr 04, 2024 . After ensuring that 10% is received, the builder then made the documents with booking date of flat as April 08 , 2024 and BBA agreement date is April 09, 2024.
Could you pls answer following query.
Q(1) In which financial year, this property will be considered as bought by us, old financial year or new financial year. I hope it should be new ( FY 24-25 ) based on the agreement date but still want to confirm . Asking because I got to know that now in return, the Income Tax department would ask this information of any property purchased .
Taxation for Remote Working in India for a UK Firm