Is there any way to speed up the tax refund ???
I worked in hospital admin in Singapore Jul 2003 to Jul 2008. I lost job due to severe economic downturn and had to return to India in Aug 2008. While working in Singapore, I had to contribute every month to the government’s mandatory central provident fund (CPF) from my salary (similar to EPF in India). In Singapore this money is totally tax free when it is paid to you when it is due. The Singapore Govt pays interest about average 3+% every year on the CPF balance in account. Their rules do not allow to withdraw the balance and the interest till age of 55+ years. Money will be due to me soon when I turn 55 yrs.
Since Aug 2008 onwards I am a resident of India, working as part time odd jobs here due to limited opportunities. Recently my mom who is 79 years has been diagonised with breast cancer. I need the money badly for her expensive surgery treatment and medications.
I will appreciate your help to clarify if accrued interest on the Singapore CPF every year will be liable for tax in India. If it is yes then how much and what is tax in India for withdrawing the balance and interest amount and remitting it to a bank account in India.
Hi,
My friend has joined a company in Dubai since Sep 2012 but his company is remitting his salary in his Indian Bank A/c, in Delhi, as he has not been able to open a bank a/c till date. He has no other income during the year.
Will the receipt of salary be taxed in India or will be exempt as its actually earned in Dubai (Tax free). Also suggest how he should be managing it going forward.
Pls let me know your views.
Thanks
if in the question it has been given that there is refund due to the company does that imply that company must have also prepared a provision for tax( in respect for ddt ) ..if yes then why
Mr.s deducted tds on 31-12-12 and deposited it on 13-01-13.
For how many months interest has to be paid.
1) 1.2.13 mr. x pay to balaji transport rs 16000 l.r. no 456 and also pay 29000 rs l.r. no. 458 in same day it is allowd or not
2) capital assets purchase and cash paid above 20000 it is allowed.
Hi,
My client is into the business of refurbishment of mobile. They are buying old mobiles from the market and then repairing them including replacing the parts (if necessary). After repair, they are selling these mobiles as refurbished item. Whether this can amount to manufacturer in any sense. As selling price is decided by my client according to the condition of goods.
sir i have completed 8 months of articleship and i want to take break from articleship for 15 months .and complete remaining articleship later.
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Tax refund