Hello CA Club community

What will be tax residence status of a USA citizen who has been living in India for a few years and moved back to USA in FY 2021/22 and lived in USA for 10 months in USA between Apr 1 2021 to March 31 2022 ?

.Moved to India in FY 2013/14 and lived in India until Jun3 2022, Was a non resident FROM fy 2001/02 to FY 2012/13 ( lived in USA all those years ) and non resident also in FY 2021/22 ( lived 10 months in USA, moved back to USA ). So 2 years in the last 10 financial years have been as non resident. Will this suffice to quality for a RNOR status in India for AY 20 ?

Do they have to show their foreign income, foreign assets and foreign financial accounts in India for ay 2022/23 an RNOR ?

Thank You

QUESTION 1) I HAVE STARTED A BUSINESS AND DISCOVERED AN APP LIKE SWIGGY,ZOMATO
MY DOUBT WAS. NOW I HAVE TO TAKE GST, IN GST SHOULD I NEED TO REGISTER
AS E-COMMERCE OPERATOR OR TAX COLLECTOR

QUESTION 2) HOW MUCH SHOULD I NEED TO GET TAX FROM CUSTOMERS ?
3) DOES I NEED TO GET TAX FROM RESTAURANT ALSO ?
4) DOES I NEED TO GIVE ANY TAX FOR RESTAURANT SERVICE TO RESTAURANT ?

Trust can accumulate 15% of income earned during the year. My question is FD interest income received during the year, is to be considered for 15% accmulation or set apart? If so interest income accrued during the year will also be considered for 15% accmulation or set apart?

I am a Chartered Accountant and retired from Service in FY 2020-21.
In FY 2021-22 I have received Consultation Fee for which TD has been deducted u/s 194JB.
Can I file my return in ITR1 or ITR2 or I have to file in ITR3?
A prompt response will help me file my return in time.
Regards,
Padam Shree Gupta
9903479357

Dear Sir,

Kindly inform that if subsidiary company is paying rent to parent company (after all all results are consolidated) then is there any liability of TDS on rent paid excess to threshold limit. ?

Please inform

Respected all members,

Please guide me on the following question

Is there any exemption against LTCG , if anyone sales one commercial property and one residential property and purchase one residential property from the proceeds of both the properties ?

Thanks in Advance

I have a commercial property ( office) in Ahmedabad city area and have received rent Rs.240000/- p.a.

Can I avail the deduction u/s24a @30% on NAR?

I have some opinion from my collegues that deduction u/s 24a available on only house rent income not Commercial or Industrial property is it right?

Pramod Shahu
8758872406

My Parents had booked a property in NOIDA in FY2010-11 by paying 90% of property value. The construction of the property was delayed. During the period my parents expired and the property was passed on to me.
The possession of the property was taken in FY2018-19 after balance payment was made by me. The property was registered in my name in May 2019. I have sold the property in Sept 21.
Please advise what should be the date of purchase/acquisition to be considered for calculating the indexation/LTCG benefit
Thanks in advance

Hello, A person has bought plot in 2005 and second plot in 2012. First plot of 2005 was sold in March 2022. Construction started on second plot in January 2022. Whether The sale proceeds can be used in construction of second plot to avoid capital gain. And how to be shown in ITR of Ay22-23. The valued opinion is sought from Learned experts. thanks in advance.

Is it mandatory to fill AL schedule if the total income is above 50 lakh including arrears but below 50 lakh if arrears considered if arrears are filled in 10E for 89(1) benefit.
Is it necessary to include assets which are already recorded in AIS/TIS.