Hello,  Please let me know Income Tax treatment for following scenario;  1. The Person has won Lottery of Rs. 10,00,00,000 /- in United States of America, and they have deducted federal tax @ 30% and decided to remitt Rs. 7,00,00,000 /- to that person...  2. The person is Ordinary Resident and he has gone there on Tourist Visa..So he don't have NRE or NRO account as he is not NRI..he was there for 1 month only..  Now below are my questions  A) Can he deposit his foreign currency cheque to his normal Indian saving bank account ?? and if yes then how much days it will take to credit the money in his account ?????  B) What will be the tax treatment.. will he get benefit of Federal tax Deducted at Source by US..as If he shows Income of Rs. 10,00,00,000/- the Indian Income Tax will be around Rs. 3,50,00,000/- and US has already deducted Rs. 3,00,00,000/- so what will be his tax liability??? (Rs.3,50,00,000 - Rs. 3,00,00,000= Rs. 50,00,000/-) OR (Rs.3,50,00,000 + Rs. 3,00,00,000= Rs. 6,50,00,000/-)  C) OR Is he has to pay tax on 7,00,00,000/- i.e 2,48,50,000/- So his total Tax will be Rs. Rs. 3,00,00,000 + Rs. 2,48,50,000 = Rs. 5,48,50,000/-  D) If he gets benefit of Federal tax deduction then how to show in Income Tax return and where is column in Excel file of return to fill the details??  Kindly clarify ASAP..awaiting reply....quick response is expected from you guys.. 

Can i get indirect expenses wise gst rate for rcm payments

Bill received towards transportation of moorum for roadwork..he is urd dealer..he has not register under the Gst..can the receiver liable to pay Gst@18% (shall i deduct 18% from contractor bill)

what is return due for GST for the month of July, 2017

Kindly let me know the treatment for petty expenses, under GST, like flower purchased for Rs.30, loading and unloading charges Rs.50, Repairs Rs.150, etc., where the supplier is a small petty shop, on some days the total may exceed Rs.5000.

Sir

I get comission on mediclaim policies sold to clients. I am not sure if i have to pay GST on commission received. My friends told me that GST is already charged to final client and paid by company and hence u need no pay it again.
Is this correct or should i pay GST again on commission received.
Please note i have my GST number.

Sir

I get comission on mediclaim policies sold to clients. I am not sure if i have to pay GST on commission received. My friends told me that GST is already charged to final client and paid by company and hence u need no pay it again.
Is this correct or should i pay GST again on commission received.
Please note i have my GST number.

please solve this query
we purchased a vehicle for office purpose, we received a 28% GST bills, can we claim Full ITC of the year ?

please clarify to me?

I m a transporter. My buses are being used by a company to ferry its passengers with its factory premises. From the office site to work site. Company pays reverse charges (GST)for the others goods and services being carried by them . But in particular my case the campany wants me to register under GST and pay the charges under Hire of vehicle. I m in a fix plz guide.

Rahul

Dear Experts,

If a registered trader deliver's goods at purchaser's premises through his own vehicle and charges freight to him in the invoice, will it attract GST liability to any of the party?

Regards,