Answers on Income Tax (25,625)
 | Opening LLC in USA as Indian residentHi I am Indian Resident and i want to open LLC in USA, also bank account in USA for my LLC. I want to know am i allowed to do that ? There is no tax in USA for Non US resident... Answered by B Vijaya Kumar 9 years ago |
| Wrong category chosen in self-assessment taxHi, I have paid self assesment tax in wrong category for last year 2013-14.I should have filled Chalan no 280 but chosen 282 instead. Now IT has raised a demand and when i filed... Answered by B Vijaya Kumar 9 years ago |
| DTAAI spent a couple of months working in the USA in 2014-15 and received US salary I paid Federal and State income tax while I was there Can I claim tax credit through DTAA for... Answered by B Vijaya Kumar 9 years ago |
 | persumptive taxation ITR5In which colum to fill persumptive taxation for partnership firm. How to fill partner remuneration and interest. AY 2015-16 Answered by Vijay N. Kale 9 years ago |
| Share Trade income has to be shown as Business IncomeHi, would like to know if it is necessary to show the share trading income as business income and preparing balance sheet and P&L while filing returns from A.Y 15-16 My dad is a... Answered by Vijay N. Kale 9 years ago |
| Interest on fdrSir, I made term deposit in wife name with money earned with combined efforts (70:30 ratio) and submitted form 15G and forgot to include interest of it in my IT return submitted... Answered by Vijay N. Kale 9 years ago |
| ITR 4 without books of account caseMr. X had professional income of 7L in FY14-15 but has not maintained books of accounts for that year. In last FY 12-13 & 13-14 he filed ITR 4s for his another business income... Answered by Vijay N. Kale 9 years ago |
| Bank deposit of over 50000Hello sir, if I deposit in the bank Rs. 50000 exactly from my savings, and I have no other source of income as I am a student, do I need to file any income tax form? As my PAN... Answered by Vijay N. Kale 9 years ago |
| Opening LLC in USA as Indian residentHi I am Indian Resident and i want to open LLC in USA, also bank account in USA for my LLC. I want to know am i allowed to do that ? There is no tax in USA for Non US resident... Answered by Vijay N. Kale 9 years ago |
| Opening LLC in USA as Indian residentHi I am Indian Resident and i want to open LLC in USA, also bank account in USA for my LLC. I want to know am i allowed to do that ? There is no tax in USA for Non US resident... Answered by Vijay N. Kale 9 years ago |
| Opening LLC in USA as Indian residentHi I am Indian Resident and i want to open LLC in USA, also bank account in USA for my LLC. I want to know am i allowed to do that ? There is no tax in USA for Non US resident... Answered by Vijay N. Kale 9 years ago |
| Tax on purchase of unlisted shares below nominal valueI have purchased 50000 shares from a private limited company at a discounted price of Rs.14 per share in March 2015. On 31st March, 2015, as per company valuation, the book... Answered by Vijay N. Kale 9 years ago |
| Tax on purchase of unlisted shares below nominal valueI have purchased 50000 shares from a private limited company at a discounted price of Rs.14 per share in March 2015. On 31st March, 2015, as per company valuation, the book... Answered by Vijay N. Kale 9 years ago |
| Non filing of Income Tax Returns-RegSir, My agricultural land was acquired forcibly by Govt of Haryana. I got the cheque for the amount from district revenue officer. This cheque was deposited in HDFC bank. After... Answered by Vijay N. Kale 9 years ago |
| Default in payment of advance tax (Under Section 234B)section 234 B says /*** You need to pay at least 90% of your total assessed tax before 31st March to avoid interest. No interest is applicable if the outstanding tax amount is... Answered by Vijay N. Kale 9 years ago |
| Showing side income other than form 16Hi, I work in a software company. They have given me form 16. I also earn from tutions. Can i show that tution income while filing income tax. If yes, in which section?? Answered by Vijay N. Kale 9 years ago |
| Queries about Income Tax filingI am director of a pvt company and receives professional fees from company u/s 194J. The company has paid 2.5L in FY 14-15 and remaining 3.5L is pending to be paid. The company... Answered by Vijay N. Kale 9 years ago |
| Tax on NRE deposit interest earned, when in IndiaHi all, I am a foreign passport and India OCI card holder. I have deposits in my NRE account, the interest earned on which is tax free in India. My question is: If I move to... Answered by Vijay N. Kale 9 years ago |