Dear Sir
Pls advise w.r.t the following:
Facts
* Mr. X is a citizen of UK, working as a teacher in a school in India for last 630 days. (So he is an RNOR)
* As per India - UK DTAA (Article 22), salary income of Mr. X is exempt in India upto 2 years.
* He is getting salary (~50 lakhs) in his Indian bank account from that school & he has no other income in India (except interest on his Saving Bank A/c which is ~ Rs 12000)
Query:
1. While filing ITR-2 his salary income to be shown as zero & exempt income as 50 lakhs. If the answer is positive, the new ITR utility in "SCHEDULE-EI",should it be shown under sl. no 5 (anyother exempt income including income of minor child)?
2. "SCHEDULE-TR" is applicable only for the cases where the income is taxable in both the country & he is claiming the credit of tax paid in UK while calculating total tax liability in India. Pls let me know whether my understanding is correct.
Thanks.
Companies act,2013 in law and Exice in tax are applicable for nov 14 exam or not
term loan compution. if i have a 3lak of property... and i would like to start own business.my capital nearly 2lak..before that i am a salaried employee. i got salary rs 2.5 lac for asst year 2014 and rs 3.00lac asst year 2015. am i eligible term loan rs 5lac?
Wat is the last date for enrollment of articleship through direct entry...if the student aims for ipcc may-2015xms
I want to know that in the dec'14 (Old Syllabus) exam of CS. the questions will be asked according to the Companies Act 1956 or Companies Act 2013 ?
I started articleship from from 24 Dec 2012....My due attempt for ca final exams is Nov 2015...I am late by only 1 month.....so can I give May 2015 attempt.
Dear Friends,
> 1. My company (paid up capital more than 10 crores)
> has joint venture with a foreign company to the extent
> of 27% equity the foreign company holds in my company.If my
> plan to buy goods from JV company, then Sec 188 of the
> Companies Act will trigger. But if the transactions are
> entered at arm length price, then the
> transactions between my company and that company will not
> come under related party transactions. is it correct?
>
> 2. If I have another group company in India in which
> one/two directors and shareholders are common, wants to buy
> goods from my company at prevailing price which is same for
> all the customers. Will the transcations of sale and
> purchase between these two company are related party
> transactions under sec 188?.
>
> 3. If the transactions between my company and its JV
> counter part as per (1) above and my company and another
> group copany(2) above are outside the scope of related
> parties transactions under sec 188, then are both these
> companies require to do any complaince under the companies
> act 2013 & rules like consent of Board of Director or
> passing of special resolution.Or the same and pur4chase
> transcation can be entered with doing anything.
>
> Could anyone please revert on above urgently. please
>
sir/madam,
please could you tell me the applicability of companies act 2013 in advanced accounting and auditing for november 2014 attempt....please do reply at the earliest
Hi All,
Please help me in resolving this .
I have a house with six partners where my father is the eldest . We have six different flats but all in one house . The WILL that my Grandmother has left states that we cannot use the house for commercial purpuse .
One of my uncle is runnig a PG for the last 10 years , I am sure that he has not shown that income in the TAX returns ..
I wants to file a case or compliant so that he has to pay a compensation for the money that he has earned so long from teh house .
The reason he can use the property is no one is objecting not even my father .
Please suggest me what can I do .
I am the son of the eldest son for the family .
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