Hi,

Does a Non-Resident Indian need to declare their income earned out of India?

I have been working as a Software developer out of India since Oct-2019 and have not visited India since then. Per my understanding, I would be considered as an NRI for indian tax filing for current AY 21-22. When I am trying to fill ITR2 on the new portal and I select the Status as 'Non-Resident', the schedule FSI gets unchecked and I am not asked to provide the details for my income earned out of India. Is this expected? or should I still somehow declare the foreign Salary income?

Please let me know. Any guidance is appreciated.

If a factory employed total 15 persons ( Wages of 8 persons =25000, and 7 persons =15000 each). is ESI act applies? Please give solution with reference to act only.

DEAR SIR,

I HAVE FILED INCOME TAX RETURNS ITR -1, SALARY FOR THE YEAR 2021-22, BUT DELAYED IN GETING AADHAR OTP, RETURN FILED WITHOUT AADHAR OTP LATER TO BE VERIFIED RETURN. WHILE LOG IN INCOME TAX PORTAL I HAVE SELECTED OPTION TO S E-VERIFY RETURN I AM DID NOT RECEIVE OTP AND IT IS TAKE MORE THAN 20 MINUTES AFTER THAT ALSO NOT ANY OTP MESSAGE RECEIVED.

WHAT IS THE PROBLEM WITH PORTAL OR ANY OTHER PROBLE WITH THAT

PLEASE GUIDE ME

REGARDS

Respected Experts,
Turnover without GST is 1.90 Cr, turnover with GST is 2.42 Cr.
Can I go for Sec 44AD in this case with satisfying all other requirements of the Sec 44AD?
Sec 145A of Income Tax requires to include all taxes to be included in purchase and sales, is there any CBDT circular about GST being excluded in turnover? Kindly share if available

Hello,

I shipped one Handloom Item to Bangladesh. The courier company informed that customs duty to be paid by the customer is more than (almost double) the invoice value. The customer is refusing to pay the customs duty and release the item.
My query is: If I get the shipment returned by the courier company, do I need to pay and tax/ duty in either Bangladesh or India?

Regards,
Rakesh

Dear Sir .

We have purchased a laptop for rs 57000 and whole amount is paid in cash .will this section 40a(3) will apply and entire value of asset will be disallowed .

2. Secondly we have material purchased for Ra 50000 and Rs 18/percent Gst is charged and whole amount is paid in cash .is amount of gst will be disallow

Hi experts,

What is the amount of EPF deduction from salary if someone's earning 50,000 of Basic + DA?

My doubt is: what is the minimum or default liability as per the EPF scheme of deduction and employer's share?


Thanks

Sir, while filing GSTR 1 of March,2021, instead of Sales Inv.No. (Which were mentioned in Ref.No.), Voucher No. are showing in GST Portal of entire debtors . What is solution now ? Every debtor has been complaining for wrong Inv. No.

Sir,
Sec 44ada professional income it returns filed person income details mentioned below in f.y.20-21
Gross receipts rs:14 lacs
50 percentage profit declared rs:7 lacs
If assess purchase of new dental chair equipment value rs:1,50,000/-in f.y.20-21.
Question:
Assess dental chair equipment value depreciation added or deducted above mentioned declared net profit rs:7 lacs amount in it act.

A Company is selling to its related party Company, TV set at a margin of Rs.25, sale price Rs.10025 and cost Rs.10000. The Company is selling the TV set to its Dealer at Rs.12500 with a margin of 25%. What will be the consequences under income Tax and GST. Kindly clarify.