A Non-Resident Indian (NRI) and a person residing in India form a private company in India. The NRI pays the subscription money in INR in India. Is this considered as Foreign Direct Investment (FDI), and is the transaction legal?

Sir,

If total income exceeds Rs 50 Lakhs,, it is mandatory to disclose the details of moveable and immovable assets in AL Schedule of ITR-2 along with liabilities incurred in relation to such assets. Hence following queries :-

1. Is this schedule refers to only those assets and liabilities which are located /existing/situated in India and is mandatory to disclose , if income exceeds threshold limit of RS 50 Lakhs ,irrespective of residential status of an individual ?

2. Is schedule AL of ITR 2 is mandatory for individual NRI, to disclose his Indian Assets and Liabilities even if his total income is below threshold limit of Rs 50 Lakhs ?

3 Is Total Income limit of Rs 50 Lakhs , is only applicability condition of this schedule AL .irrespective of residential status of an individual .

Pls guide urgent.

Sir,
Assessess P2P trader buying and selling 1 lacs transaction daily for crypto currency trading.
Question:
Assessess tax applicable on profit or selling transaction.

Hi all
if property sold out in the month of mar 2023 but tds on sale of property deducted in current year (FY 2023-24) and reflecting well in AIS under FY 2023-24
so in which year should we report capital gain to avoid any kind of notice

Dear Sir,

I have just made the bill but the goods will be sent after 15 days
Can it be made E-way bill after 15 days on previous invoice number & date.

RESPECTED SIR
HIGH VALUE TRANSACTION ALREADY INCLUDED IN TOTAL INCOME IN ITR 3 AY 23-24 BUT NOTICES CAME. IN NOTICES MENTION THAT IF HIGH VALUE TRANSACTION PROPERLY ACCOUNTED THEN IGNORE THIS MASSAGE . SO, IS IT NEED TO FILE HVT COMPLIANCE. PLEASE ADIVCE THANKS.......

WE HAVE 3 EMPLOYEE( 2 OF THOSE ARE DIRECTORS) IN OUR PRIVATE LIMITED COMPANY, I PAYING 50K NET SALARY TO EACH
MY QUESTION IS:
1) CAN I PAY 50K SALARY TO EACH EMPLOYEE WITHOUT DEDUCT TDS BCZ FOR 7L SALARY NO TAX AFTER TAX REBATE RIGHT?
2) CAN I PAY SALARY WITHOUT PF ONLY 3 EMPLOYEE ON THAT 2 OF THOSE ARE DIRECTORS RIGHT?

I HAVE FILED MY MARCH 2019 RETURN LATE ON 3RD DEC 2019 NOW THE DEPARTMENT IS ASKING ME TO REVERSE THE ITC AND PAY INTEREST WHICH IS HUGE

HOW SHOULD I REPLY CAN I GET ANY FORMAT TO REPLY

A private limited company ( small company ) accepting loans from directors from his own source is treated as exempted deposit. The provisions of Section 117 of the Act state filing requirements of particular resolutions and agreements with the ROC in MGT 14.1.In case of private company – clause (g) of Sub-section 3 of Section 117 shall not apply Notification No. GSR 464(E) dated June 5, 2015.,ie, resolutions passed in pursuance of sub-section (3) of section 179. Borrowing monies are included in the same. So my query is whether MGT 14 is required to be filed if the loan amount exceeds the limit (paid up capital + free reserves).

Please provide a reply .

SIR, I WANT TO ASK WHETHER KARTA FATHER CAN GIVE GIFT LIKE CASH, SHARES, & OTHER ASSETS TO HIS SON HUF, AND WILL IT BE EXEMPTED IN THE HANDS OF FATHER & SONS HUF BOTH OR IS IT TAXABLE.

PLZ GUIDE