Answers on Income Tax (25,634)
 | ECommerce platform tax to payHello, I am based in London and I plan to open an eCommerce Platform by doing drop shipping with Chinese suppliers. However, I am quite confused regarding the taxes I may... Answered by Vivek Kumar Arora 5 years ago |
 | NRI to resident status. how to show loss on foreign assetsI had made investments in offshore funds investing in india as PE funds. Currently, I am a resident and one of the investments have generated Income this year while two funds... Answered by Karishma Chhajer 5 years ago |
| Cash DepositThis question was kept private Answered by Karishma Chhajer 5 years ago |
| TDS on property purchased from NRISir An assessee (individual) purchased a property from NRI on May 2019 of Rs.approx 93 Lacs. What is the rate of TDS ? Is it applicable on sale price or capital gain ? TAN No is... Answered by Karishma Chhajer 5 years ago |
 | Non filling ITR noticeSir,i am retired in Jan 2016 from govt office.. yesterday I received a notice from income tax department tht I have not filled return for 2013-14 financial year..I checked and... Answered by Payal Chhajed 5 years ago |
 | Buying a car in the Firm nameHi, my question is that can a LLP buy vehicle (car) in its own name, if yes, will expenses like EMI, depreciation, drivers’ salary allowed as deduction from the tax point of... Answered by Lakshita Bhandari 5 years ago |
| TDS for a loan to a friendI am an NRI - living and working in Dubai. I sent money to my NRE account and converted it into a fixed deposit. My friend needed some urgent cash for medical expenses. I broke... Answered by Karishma Chhajer 5 years ago |
| Paying University Fee from India by Resident Indian to OCI studentHello, I am a resident Indian and I want to pay university fees of my nephew who is a Canadian citizen (PIO) studying in Canada. Is there any restriction to do so ? If not what... Answered by Lakshita Bhandari 5 years ago |
| Inward foreign remittanceDear sir, I am receiving USD 900 every month from my spiritual desciple in USA to support my family as I have no other source of income. I get this through bank transfer and... Answered by Lakshita Bhandari 5 years ago |
| Inward foreign remittanceDear sir, I am receiving USD 900 every month from my spiritual desciple in USA to support my family as I have no other source of income. I get this through bank transfer and... Answered by Lakshita Bhandari 5 years ago |
| TDS for a loan to a friendI am an NRI - living and working in Dubai. I sent money to my NRE account and converted it into a fixed deposit. My friend needed some urgent cash for medical expenses. I broke... Answered by Lakshita Bhandari 5 years ago |
 | Inward foreign remittanceDear sir, I am receiving USD 900 every month from my spiritual desciple in USA to support my family as I have no other source of income. I get this through bank transfer and... Answered by Hunny Badlani 5 years ago |
| Buying a car in the Firm nameHi, my question is that can a LLP buy vehicle (car) in its own name, if yes, will expenses like EMI, depreciation, drivers’ salary allowed as deduction from the tax point of... Answered by Karishma Chhajer 5 years ago |
 | Buying a car in the Firm nameHi, my question is that can a LLP buy vehicle (car) in its own name, if yes, will expenses like EMI, depreciation, drivers’ salary allowed as deduction from the tax point of... Answered by Naman Maloo 5 years ago |
| TDS for a loan to a friendI am an NRI - living and working in Dubai. I sent money to my NRE account and converted it into a fixed deposit. My friend needed some urgent cash for medical expenses. I broke... Answered by Naman Maloo 5 years ago |
| Errors while filing Form -27QWe have a foreign deductee and we deducted TDS@10% as per DTAA. The deductee don't have PAN. hence, we are trying to fill the details like Email Id, contact number, address, tax... Answered by Payal Chhajed 5 years ago |
| Paying University Fee from India by Resident Indian to OCI studentHello, I am a resident Indian and I want to pay university fees of my nephew who is a Canadian citizen (PIO) studying in Canada. Is there any restriction to do so ? If not what... Answered by Payal Chhajed 5 years ago |
| Paying University Fee from India by Resident Indian to OCI studentHello, I am a resident Indian and I want to pay university fees of my nephew who is a Canadian citizen (PIO) studying in Canada. Is there any restriction to do so ? If not what... Answered by Payal Chhajed 5 years ago |