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H Thakar
06 March 2024 at 16:34

Tax calculation - Income tax

One of my relative is working as a housekeeper as a domestic worker and is receiving salary around 35K. (Rs 4.20 Lakhs) which is below taxable limit. what will be tax implication if he gets gift of Rs 2 lakhs rupees from his employer. Being domestic worker he is not filing any returns


Sanjay

Sir,

Please solve my below query
our one of the employees is already registered for ESI before three year but last year he is cross the maximum limit of Gross salary ie. Rs. 22000/- now is salary is reduced due to his performance last year is not upto mrk hence his salary is reduced by Rs. 2500 now is Gross salary is Rs. 19500 .
now is again eligibility for ESI please clarify for registration process
we tried his registration using his old ESI number but which is date of appointment is mention while registration in software old actual date of employment is not taken because old date is last 4 years.

Please tell can we registration his esi for date of appointment is today date ?

Thanks & Regards


Marimuthu

Dear Experts,
1 A company raised the purchase order its servoce providers towards availing the Advertisement services
2 At that time, the service provider was a GST registered person.
3 After that, the service provider's GSTIN was getting cancelled.
4 Now the supplier has raised the invoice without leving the GST components.
5 In this case, whether RCM will be applicable for this transactions or not?
6 Pls clarify


DIVYESH JAIN
06 March 2024 at 11:05

Income earned Abroad

Dear Sir/Mam,

One of my client got married recently and the girl to whom he got married used to stay in Ireland from the past 2 years and became an NRI. She had earned salary income in Ireland during these 2 years and now want to transfer this money in India as she will now permanently stay in India.

My query is will this money be taxable in India and apart from transferring money to her Bank account in India can she transfer this money to her husband too who is an Indian resident. The total amount she earned in Ireland is around Rs. 20 lacs when converted to Indian currency.

Please help me to resolve this matter.

Thanks,
Divyesh Jain


santhosh natarajan
06 March 2024 at 10:20

Refund of Input Tax Credit Query

Whether refund of same ITC can be claimed under both the scenarios
1)Inverted Tax structure
2)Unutilized ITC on account of Zero rated sales(Exports)


Neeraj Vibhash

Hi

I have sold a land for 72 lakhs by POA. How to show it in ITR. Can get tax exemption on the LTGG if I invest the money in purchase of new flat?

Thanks


Atul R
05 March 2024 at 19:10

Capital loss on SREI NCDs

Under IBC resolution I have received some cash and some Security Receipts (SR) and Optionally Convertible Debentures (OCD) against SREI NCDs. These SR and OCD will mature over a period of 5-8 years. While calculating Capital Loss on SREI NCDs, what should be the realization value - cash amount or cash+SR+OCD?


Kopal Mittal

Canadian citizen has a property in India . She wants to sell it by making her mother ( Indian citizen) power of attorney. And then sell . What will be the provision for stamp duty as she is a daughter . Will there be double requirements for stamp duty
Like stated in this https://www.makaan.com/iq/legal-taxes-laws/managing-from-abroad-how-power-of-attorney-helps-nris-manage-their-assets


MATTA CHANDRA SEKHAR
05 March 2024 at 18:00

TDS CONTRACT 194C

Sir,

For 194C limit of Rs30000/- and Rs1,00,000/- including GST or excluding GST. Please clarify.


PANDIAN BRIGHT
05 March 2024 at 17:26

POWERS OF CERTIFIED INTERNAL AUDITOR

Respected Sir/Madam,
I am going to Study CIA Course (Certified Internal Auditor). Can a CIA attested on Financial statements of the assessee ? (Sec 44AD cases. Not tax audit)