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Aarav Sharma
I am a part-time freelancer based out of India who works with a platform based in the USA, and I receive payment for my services in USD. The platform recognizes me as a self-employed contractor. I am unaware of the taxation regulations in India for my income and would like to seek professional assistance to ensure that I am compliant with the law.
One thing here is that, although my earnings are in USD. The platform transfers the amount to my account in INR. They have partnership with some company, which transfers the money using some predefined conversion rate.
CA Yash Jain 17 May 2023Mere receipt in India would not make you liable for tax in India, would suggest you to change the payment details and ensure to receive amount outside india, else you need to apply to assessing officer of the jurisdiction of the account you hold and get no tax liability certificate and ensure transfer from Indian account to your respective country account, however if you are also Resident in INDIA, then it is taxable and for more details contact me at cayashchopra@gmail.com
CA Rahul Dwivedi 22 May 2023Dear Sharma Ji,
As i understood, you are leaving outside India and providing the services to company based outside India however the payment for the same you receive in India, however to advise required further details :
1) What is your residential Status Resident / Non Resident
2) The amount you receive in NRE A/c/ NRO A/c or normal saving Account
3) The amount you receive in convertible foreign exchange which get converted in INR based on previling exchange rate through platform like paypal or you receive in INR
You can approach us for further discussion at ca.rahuldwivedi@gmail.com or 9004485377.
I am Indian citizen and I am living in India. I work with platform which is based out of USA.
CA Neeraj Bansal 24 May 2023Dear Aarav, in your case GST registration may be applicable but it is not meant that you need to pay it.. There are may factors which decide it, Since you are resident of india, your global income will be taxable in india. I Am dealing many clients same like you. For any further assistance , you can contact me at 9718046555
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Anuj Agrawal
Hi,.
My bank tds certificate and Form 26As is different so how to i correct it
Please contact your bank if tds on interest is not matched . For any further help, you can contact me at 9718046555 or cacsneerajbansal@gmail.com
CA Rohit Jain 24 May 2023ask your bank to do the same. you cannot do this on your own.
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Amit
How audit and itr filling is done in option trading
Dear Amit,
Option trading is considered as Business Income so ITR filing is done accordingly. Audit is applicable if Turnover exceeds the specified limit i.e. 10 Cr. Pls note method of calculating turnover is peculiar in case of Option trading.
Please feel free to reach for further assistance at ca.rahuldwivedi@gmail.com or 9004485377.
Income from Future and Option Trading is considered as the business income and same set of rules is applicable. if you need any help in this regard, you can contact me at 9718046555
CA Rohit Jain 24 May 2023Option trading is considered as Speculative Business Income so ITR filing is done accordingly. Its quite typical to explain this here. Please feel free to reach for further assistance at 99295-11888.
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Mukul
I have a partnership IT firm. We are three partners and work on the freelancing platform. Whatever income we get from the freelance platform gets submitted into the Firm's current account. We have collected a fairly investible amount in the Firm's account and now we want to withdraw 70% of the collected amount in the Current account to our individual saving accounts. Our firm is audited every year so now if I will transfer funds from my Current account to my savings account then will it be treated as a part of yearly income?
You need to share the financial Statement of the company because it depends upon the transactions shown in the financial statement. You may contact me at 9718046555 to get it checked and consult
CA Rohit Jain 24 May 2023yes you can, but still contact to your financial advisor with details else you can contact me at 9929511888 to get it checked and consult
CA Rahul Dwivedi 29 May 2023Dear Mukul,
What i understood, is that your query is regarding taking money out of the firm to partner's saving account.
Yes, you can take out, but how much to take & tax implication can be advised depending on financial position/profitability of the firm, your total income from sources other then firm etc. It is part of tax planning to minimise or nullify the tax implication within the ambit of law.
Please feel free to reach us for further consultation at ca.rahuldwivedi@gmail.com or 9004485377.
M
Manish
and I have incurred huge loss in share market in 2018 and 2019 but didn't reported that in those ITR. But for 2020-2021 and 2021-2022, I've generated profit which is though less than the loss incurred in previous years. Is there any way to save tax on this or carry forward previous losses ?
No, there is no way. or better tax help, you can connect to me at 9718046555
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Shadow
I am a NRI and purchased a property in Kolkata, India. I paid TDS (Tax deducted at source) during the purchase to West Bengal government. Is it possible for me to reclaim the TDS paid while filing ITR (Income tax return) in India now?
You would have paid the tds from the sale price and the same was deducted from the seller part. Only Seller can claim the TDS. for better tax help, you can connect to me at 9718046555
CA Puja Sharma 6 Jan 2022No, you cannot reclaim the TDS paid at the time of purchase of the property. The TDS benefit will be available to the seller of the property now.
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H K
Can I get the benefit of section 80EEB in new tax regime for FY22-23?
No... you can not get... for better tax help, you can connect to me at 9718046555
CA Puja Sharma 6 Jan 2022No deduction u/ 80EEB for purchase of EV is not allowed under new regime
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Arshdeep Giri
Indian income tax liability if I own a USA LLC and only withdrawing a portion of income as salary to India.
It will be taxable in india ... you can reach me at 9718046555 for any taxation, corporate compliance help
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Rishabh
I want an individual gst number as i don't have any company registered name. I have to put some events on bookmyshow that's why i need gst number. help me with the required documents and procedure pls.
Contact me at 9718046555 call or whatsapp
CA Neeraj Bansal 16 Feb 2020Call whatsapp me at 9718046555
CA Damini Agarwal 16 Feb 2020HI Rishabh, Please feel free to connect on 8707297344 for the GST registration assistance.
CA Ram K 19 Feb 2020contact me at acasairama@gmail.com or whatsup at 9291318650
CA Naman Maloo 19 Feb 2020You can easily get a GST number.
Just send the following details on below email id.
PAN card, aadhar card, rent agreement, electricity bill.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com
S
Shailesh
We registered or business as LLP in feb 2019, but started doing business by June 2019. So when do we need to file for roc compliance and how much do it cost.
we have to understand the whole situation. You can contact us for detail at 9718046555
CA Naman Maloo 24 Jan 2020You will just need to file Nil return but the fees would depend on your consultant.
If you need any professional assistance feel free to contact me at canamanmaloo@gmail.com