I am asking this question on behalf of a relative who is a US citizen (of Indian origin) living in India permanently on OCI status. He is retired and gets US Social Security Income.

As we understand it, per the US-India DTAA treaty US Social Security Income is not taxed in India. However, the question is, does it still need to be reported on the India Tax Return? If so, where does it get reported and how does it get excluded from taxable income?

Thanks for the assistance on this.

Which Digital Signature are required for efiling of ITax in India. Class II or Class III or both can be used.
I'm required to obtain a Digital signature to authenticate the funds transfer online using netbanking from 1st of July. Which Digital Signature should I buy: Class 2 or class 3 which can also be used in efiling of ITax.

Hi All

while Filing Income Tax Return Assessee Enters 2 Different Figures In P & L account and in Balance Sheet in Some Cases he is Not Brought Closing Stock in P & L but in Balance Sheet he Shows. where he Adjust and As per AS- how WIP he will Show.

Please explain the Possibilities

Thanks in Advance

A Public Ltd co wants to take loan from bank against book debts. What is thr procedure for creation of charge in this case.What form needs to be submitted with ROC and by what time. In case charge is created but the equirement for loan changes what is the procedue for dissolving the charge already created.

Int. On inhence competation on rural agreculture land are exempt from tax

Dear team.....
i have sale and purchase of share Rs. 55 Lac. it is include delivery and intraday trading. The sale purchase amount of intraday trading is 25Lac. Will i require audit in this case. Total adjusted profit is appx. 36000. is 8% G.P rate will be applicable in case of intraday trading?

One of our client's refund is returned due to change in address. But we have changed address in PAN. Also send letter in department & banglore CPC.What to do in this case.

hi i received exemption in icwai final exam in dec'12 in cost audit(71 Marks) but in exam form i haven't fill exemption and carry forward detail for june'13....can i still claim exemption ...if yes how...exam is in 4 day....pls advise ASAP....

for the owner, ONlY the cost of CURRENT REPAIR can be claimed u/s 30 and 31.. but for the tenant its mentioned that 'COST OF REPAIRS' can be claimed (current or not isn't specified).. so does it mean that the arrears of repairs of earlier years can be claimed by the TENANT under this section?

A partnership firm (XYZ co.) registered as dealer (FSD/SSD) engaged in business of trading in Iron Ore Fines. It receives transportation service from various transport companies to transport the fines from the supplier(say A Ltd.) to the customer of the firm( say B Ltd.) directly and the transporter raise the transportation bill in the name of the firm (XYZ co) indicating therein that service tax liability will be on the consignee of the goods. The query is that who would be liable to pay service tax, firm(XYZ co.)or the customer of the firm (B Ltd.).

If the answer to the question is XYZ co. ,is it possible for the firm to shift the ST liability to its customer (B Ltd.) as XYZ co. is only a dealer.