i obtained my service tax no on 26/04/2013. it started a courier company and i did ran it for just above one year and due to low response i went abroad for job in nov 2014 and been there till now. now someone told me that i have to surrender my service tax code along with penalty for non filing returns.
my overall turnover was even less than 70,000 for the entire time on my current account.
Could you please help me clarifying my query on salary income earned in Switzerland is taxable in India ?
Below are the points referring to above.
1. Stayed in Switzerland on deputation model for 80 days in previous fiscal year.
2. My employer is registered in India & Switzerland both and it's origin is US.
3. I have payed 11.50% tax to Switzerland government on my salary income.
I am an NRI doing job in Saudi Arabia since 2014. Before moving to Saudi, I was having Mutual Fund investments through one of the online platforms in India through my Indian Salary Account.
After I started getting my salary in my overseas job I just continued to invest in Mutual Funds same way through my old Resident Ordinary account as before. I did this because it was not poss...
I wish to start an online portal (in India) wherein service providers and service seekers (collectively "portal users") shall post their needs and the portal shall match the requirements, showing contact details of the interested parties. So basically, I am only providing a platform to connect the actual service provider with service seeker and vice versa; by charging them a nomin...
I am a Salary Tax payer. I invested in HDFC' s Insurance Policy @25000/- p.a., for 5 years commencing from March 2012 to march 2016. my total contribution is Rs.125000/- and the total maturity amount received is Rs.132517.68 which includes my contribution of Rs.125000/-. now they have deducted TDS @1% on total maturity amount to the extent of Rs.1325/- and paid the balance amount. Now the form ...
Hello sir Actually I have Opened online Pension account with Atal pension yojana through SBI Netbanking six month ago when i was in business and now i am state govt employee and today i got message and Email like this could you please help me undertsand whats it for and what should i do now ?
Subject: Self-certification of Permanent Retirement Account Number (PRAN) under National Pension Sy...
Couple of questions around counting Capital Gain Tax:
2009-10 : Purchased Apartment and Agreement of sale was done. Flat Number was given by builder. Consideration of sale on the agreement is : Rs. X. 2012-13: Construction finished and paid the registration fees. Stamp Duty was paid but it had different consideration of sale: Rs. Y (which is almost half of Rs. X). Also, spend money in furnitur...
I had a plot which I gave it to a builder in JV ..Now the builder would construct 8 flats on it in total 4 floors, whereby he would keep 5 flats and I would get 3 flats .
I would get 1 flat on 1st floor and 2 flats and 2nd floor .
Now I want to retain both flats of fourth floor and use it as one residential property as I have a large family and want to dispose or sell off my 1st ...
Good Evening. Thanks in advance.
I have 2 queries.
1) I have filed my income tax returns up to financial year 2012-13. I have received scrutiny for the F.Year 2011-12, and subsequently it was replied and got order too. Now the audit committee asked some queries for the same year. After issued assessment order is it possible to raise a query for the closed file.
2) From the...
Respected Sir / Madame,
sub : is it capital gain or income ?
Essential Background :
my name is prashant shirodkar
( birth date - 26 august 1955 )
sometime around 1952, my father
become TENANT in a small bunglow,
at the western suburb, mumbai.
that was a 1 room kitchen space.
i am sheath & sheen at this place.
my father expired in 1996 and
our landlord put my name on the ren...
i have withdrawn my epf & eps money in fy 2016-17 (exactly july-2016 to be precise).
in fy 2016-17 i do not have any other income apart from epf and eps (since i didn't joined any other company after feb-2016).
my epf came with 10% tds since i withdrawn my epf before 5 years (4.8 years to be precise).
after referring to many documents i got somewhat confused so i request the ass...
I have 2 cases:
1. A case having receipt from advocate profession is 7.10 Lacs. No any books of accounts are maintained and profit shown more than 8 % of receipt. Can I file the ITR 4s only providing the amount of receipt, Net profit after claiming expenses. Although statement of income and expenditure & Balance sheet prepared and kept for record purpose.
2. A house wife is running embroide...
I bought a Flat through a resale before registration and construction in 2014 and I have now completed all my payments to the seller and also to the builder. Earlier, the seller had made milestone payments to the builder for which the builder has been deducting TDS and paying to the Govt and the same goes for me. So when the transfer was made to me, a tripartite agreement wa...
My father had purchased a flat (condo) in an Apartment building for a total consideration of INR 1 Lac in Pune in 1983. 2 years ago, all the owners of the block of condos got together and commissioned a builder to redevelop the flats. At that time, the value of the flat was around INR 70-80 Lacs.
During the redevelopment, all tenants received a sum of INR15K per month as compensation...
My Father (aged 67 years) sold the joint property co-owned by his brothers since last 50-years. The amount received through this Sale is 100% Taxable due to Profits under Capital Gains (Gains is 100% taxable due to property appreciation in last 50-years as per Government declared land Prices in that local SRO.)
These funds received through this sale is partly (60% of funds) used ...
I am not sure if this is the right forum to raise this but I need advice and guidance regarding a question I have about transmission of shares in a demat account in the event of death of the sole account holder and the nominee.
My grandfather held a demat account in his solo name, he had included my father as a nominee in the said demat account.
My grandfather passed away a...
Query related against about property registration.
One of my close relative and friend as well, he wanted to sell his property, worth Rs.19lacs, since he is unemployed. Having too much family pressure and daughter's education, he had debt almost crossed 8 Lacs, he has been paying 12K for that exist borrowed money for more than 6 years.
Property worth Rs.19 lacs. He asked full cash b...
I work as freelance webdeveloper working from Home and I have all my clients outside India.
Basically there are two different types of work I perform:
I use to sell my softwares on Australian Based Digital Marketplace named Envato (www.envato.com). My softwares are listed on Envato Marketplace and customers from all over the world download the application from that marketplace. ...
I need some help from you, its related to Let out property. Actually I have two flats one I have purchased in 2014 and got the possession for the same in April 2016 and in Aug, 2016 I purchased another flat. Both the flats are in outskirts of the city so both have been rented out. This time I was able to declare only one flat in Let Out Property as for the other flat I am yet to pay t...
I was given a retention bonus lets say Rs X (post Tax received approx 0.7x) in Dec 2015 (FY 2015-16) with the condition that if I leave the organization during the next two yeras I would need to return the amount.
i'm moving on from my organization in March 2017 and I need to now return the pre tax amount to the company. The organization is saying that since this is in the next FY they will n...