E filing
This query is : Resolved
11 February 2013
Hello..
One of my friend came to India on August 17th 2011. So he is resident in India for AY 2012-13. He was doing Job in US till he came to India. He holds Bank accounts in US and a bank balance of nearly one crore which earned from salary and some other consultancy income.
Here in India, he incorporated a company and is getting managerial remuneration.
Now which ITR should be filed for him. and whether the foreign assets should be disclosed.
Please help me.
One of my friend came to India on August 17th 2011. So he is resident in India for AY 2012-13. He was doing Job in US till he came to India. He holds Bank accounts in US and a bank balance of nearly one crore which earned from salary and some other consultancy income.
Here in India, he incorporated a company and is getting managerial remuneration.
Now which ITR should be filed for him. and whether the foreign assets should be disclosed.
Please help me.
11 February 2013
please fill ITR 1 or ITR 2 depending on all the incomes he is receiving.
Yes, foreign assets should be disclosed.
Yes, foreign assets should be disclosed.
11 February 2013
The assets can be shown under Wealth Tax returns. The exemptions will be available for such assets repatriated to India.
ITR shall be filed as per Salaried person for the Director i.e. ITR 1 OR 2.
ITR shall be filed as per Salaried person for the Director i.e. ITR 1 OR 2.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- EXPORT COMMERCIAL INVOICE HSN CODE
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- Cash balance limit and property purchases limit
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Non-Compliance documents have not been submitted by the contractors debited
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
