I left my job with an Indian company and joined an US affiliate. The US company offered me a salary and a signing bonus. The signing bonus is not a part of the employment offer letter but a separate letter saying that i have to return this if i leave within one year. Later, it was decided that the signing bonus will be paid from Indian company payroll. Since it is paid from indian payroll to my indian bank account and not a part of the offer letter, Is it indian income or foreign income?
It was not reported in my US tax w2 and the indian company told me that it was documented as employee bonus in indian company records.

An Indian startup company has developed a sales related software in Nepal. This startup is tax exempted in India.

As per IT ACT of Nepal , tax of 15% was deducted on payment made.

As per clause 23 of DTAA between Nepal and India, tax credit can be taken for tax deducted in Nepal.

Question here is
1. Tax deduction of 15% is right?
2. Even if the Indian company is an start up tax shall be deducted at the rate of 15%
3. What happen to tax credit as the company in India is tax exempted company.
4. What is the credit taking mechanism if any

Thank you in advance

Hi

I am providing export services outside India. Can I claim Input credit of the purchases done in India for providing export services.

Dear Experts,
Please guide me on below mentioned condition:-
A is a registered person under RCM (A can be Proprietor or a Company). Business of A is of Work Contract nature. So, A pay rent to different unregistered landlord for the purpose of stay of his employees. Here property is residential.
Will RCM be paid by A ?
Hope my question is clear to you and you are requested to please share notification number of GST in reference of your response.

Salary arrears received from FY. 2022-23 and 2023-24 in May 2024
IT filed in old regime in FY 2022-23 and in FY 2023-24 also in old regime .Now the question is when taking section 89 calculation can we calculate FY 2022-23and 2023-24 in new regime .

Our company is Registered in Gujarat and having Storage & Warehouse on rent in Madhya Pradesh. Our co. do not have Registration in Madhya Pradesh.

Our Transporter provide us service of Storage & Warehouse in MP and transport the goods to our customer in MP.

My Question is :
1) Transporter should issue Invoice to our Company in CGST/SGST or IGST for Storage & Warehouse ? Pl note the Transporter have RC in MP.

2) Is our company is eligible for GST Input tax credit in this regard ?

Please suggest with facts and rule. Thanks

An indivudual residing in dubai working there as commission agent procure order for supply of goods for manufacturing company in India. Indian company Supplied the goods to Dubai Company and raised export invoice.

Indian Company also raised Credit Note on Dubai individual/ Commission agent for Commission payable to him.

now the query is as under:
1.whether GST will be applicable on Commission Amount payable to Dubai individual ??
2. whether there will be income tax deducted source on commission payable to him (dubai individual)
3. Is there RCM provision applicable under GST??

I got a VISA prepaid card as gift from my employer in USA during Diwali. It is 25$ ~ 2100INR. Do i need to report it in India if I am resident? I have read that there is a exemption of 5000 INR for each employer in India tax laws. Is it applicable to foreign employer?

I have earned income in USA from salary, I have paid tax in India on the same as I was a resident during AY 24-25.

When I look at schedule FA, the rest of the points mention 31 December as the cutoff date, but point G doesn't mention it. Do I report my Jan, Feb, March salary in there or point G follows the same reporting calendar year?

Is tax audit necesarry if the business income is less than 1crore but capital gain is more than 10 crore for LLP