Signup


Signup


Signup

CA Navin Jain  

CA in Practice
11Year  6Month  experience

A dynamic Chartered Accountant who is passionate to provide quality service to the clients and have an expertise in the filed of International Taxation and DTAA's.

  
   
 
No more records

Address

23B NS Road
Kolkata
Pin code - 700001

Availability

Mo,Tu,We,Th,Fr,Sa

10:00 am - 7:30 pm

Services

✔ Business Incorporation✔ Accounting / Book keeping
✔ Company Auditing✔ Compliances
✔ Direct Taxation✔ Indirect Taxation
✔ Personal Wealth Planning✔ Payroll Management
✔ FEMA Compliances Consulting✔ Internal Audit
✔ GST

Industry Experience
✔ Consultancy
Education
    B.com (Hons),CA
Associated with (Firm / Company Name)
    EY
Awards and Recognitions
    EY Excellerator

R

Rahul

2 Months ago

I have doubts regarding income tax for FY 2020-21.
I was in Germany from 14 July 2018 to 31 Dec 2018,
And in the US from 02 Jan 2019 to 7 Nov 2020.
Thereafter I am staying in India

Q1 For FY 2018-19 will I have to pay tax in India? I have paid tax in Germany for the duration I stayed and worked
Q2 For FY 2019-20 will I have to pay tax in India? I have paid tax in the US for the duration I stayed and worked
Q3 For FY 2020-21 will I have to pay tax in India? I have paid tax in the US for the duration I stayed and worked

For FY 20-2021 my company paid me salary in my Indian NRI account and my total gross salary received in India is more than 15 lakhs though my stay for FY 20-2021 is less than 182 days in India since I came back in November.
If I have to pay tax for FY 20-2021 will the interest earned on FDs also be taxable?
The FDs that got matured this year will be taxable? These FDs were created in 2019 when I was in the US from money earned in the US and transferred to India.
If I have to pay tax in India for FY 20-2021 then I have also paid tax in the US for the duration of April to September 2020. Will I get a double taxation benefit for the entire year or only for the duration I have stayed?

For FY 2021-2022, I am already staying in India since Nov 2020 and my US work permit is till Jan 2023
Can I still maintain NRE accounts in India?
Do I need to convert NRE accounts to normal savings accounts?
If I go back to the US from Oct 2021 to March 2022 which is again 6 months period then will be able to maintain NRI status and still need to pay tax in India? (Salary will keep coming in Indian account from overseas in this case)

CA Navin Jain     17 Aug 2021

Pls reach out at +91 9830375894 for professional consultancy

T&C apply

R

Radhesh Walwadkar

6 Months ago

What are laws related to ESOP sale (traded on NYSE) & already tax paid. Do I need to re-invest amount immediately?

Radhesh Walwadkar    27 Mar 2021

Or I can hold partial amount & invest partial.

CA Navin Jain     28 Mar 2021

There is no such requirement of reinvestment of proceeds. The taxability of the ESOP would depend upon your residential status and other factors. If you need professional advice, please contact at canavinjain1@gmail.com/ 9830375894.

CA Naman Maloo     29 Mar 2021

You can read about the same here: https://www.taxontips.com/tax-in-india-on-income-earned-from-rsu-vested-in-foreign-countries-and-exemption-from-such-income/
And even book consultation to understand taxability of same.

Radhesh Walwadkar    29 Mar 2021

Thanks Navin & Naman,

I am not concerned about taxation as it is already deducted by Broking Firm( 36% in total) & paid to Govt of India. I am more concern about do I need to reinvest amount immediately after transferring it to India. As per Navin, looks like there is no such law or requirement to reinvest.

Radhesh

T&C apply

R

Rahul Soni

6 Months ago

I am employed with a company based in UK as a consultant. Will I come under section 44ADA of the income tax? Assuming I get 10,000 GBP annually, will there be any taxes on that except the 10% TDS?
Should I consult a CA for it now?

CA Navin Jain     28 Mar 2021

You need to consult with your CA, also your GST implication needs to be analyzed. If you need professional advice, please contact at canavinjain1@gmail.com/ 9830375894.

CA Aakash Ostawal     29 Mar 2021

Yes, you can opt for taxation under 44ADA.. There will be taxes in india based on Slab rates. You can consult us on 9880610887

CA Naman Maloo     29 Mar 2021

If you are earning from outside India how is TDS getting deducted?
You can consult a chartered accountant at:. https://www.taxontips.com/tax-notice-personal-consultation/

T&C apply

V

Vijay Kumar Prajapati

6 Months ago

I have income coming from my Salary. Also, I am doing affiliate marketing. Can I claim deductions on the expenses incurred while generating income from affiliate marketing (domain/hosting etc.)? (As per old/new tax regime)

How should I categorise it, income from other sources or income from the business?

CA Navin Jain     28 Mar 2021

You definitely can claim deduction, however, kindly consult your CA. If you need professional advice, please contact at canavinjain1@gmail.com/ 9830375894.

CA Hunny Badlani     30 Mar 2021

YEs, the expenses can be claimed. For further assistance, Kindly contact us at badlaniassociates at Gmail.

T&C apply

N

Nyadav

8 Months ago

Hi, Brief on our current structure : Indian entity registered as subsidary of U.S registered company.

3 employees resident of india are on payroll of Indian Entity working remotely.

Now from April they shutting down indian entity and making all 3 indian resident employees as direct employee of U.S registered company, working remotely from India.

For employees what will be benefits and issues.

One thing they communicated is we will have to handle Taxation of India at individual level...Just wanted to understand new process...Currently we give investment proofs to indian employer and they deduct tax and file that to govt...Then using that form16 we file our income tax returns .

How all this will change in new employment model in which we are employee of U.S entity ?

Please guide further on this.
Right now we have option to object on this proposal if many issues.

Thanks, NYadav

CA Navin Jain     5 Feb 2021

Hi Mr Yaday. Kindly connect on 9830375894/ canavinjain1@gmail.com for professional advice on the above subject matter.

T&C apply

S

Shubham Saxena

10 Months ago

Have a home loan which started from dec 2017. I paid pre emi till june 2019. Fro. July 2019, i started paying the emi, the construction of the property is still incomplete. Can i claim tax deduction on interest paid for fy 2019-20 in current assessment year before 31 dec ? Is it possible to clqim it after the construction of tge property is complete?

CA Navin Jain     5 Jan 2021

Please connect on +91 9830375894/ canavinjain1@gmail.com

T&C apply

P

Priyamvada Shende

10 Months ago

I am a salaried individual with no other income.

I missed filling out the interest earned from savings account in my ITR for AY 20-21. What will be the repercussions for this? Can this be rectified?

CA Yash Shah     26 Dec 2020

Hi, need to know what is the interest in savings account which you have missed. You can file revised return before 31st December 2020. Please call on 7045760379 for further guidance

CA Navin Jain     5 Jan 2021

Please connect on +91 9830375894/ canavinjain1@gmail.com

T&C apply

K

Kashif Khalid

10 Months ago

I am a freelancer and I earn from foreign clients via PayPal and direct bank transfers. If my income exceeds 5 lakh should I really submit IT forms or I should not get into it yet unless my income becomes double and triple than it?

CA Naman Maloo     3 Jan 2021

If your income is above ₹2.5 lakh you have to file return of income.
You can read more here: https://www.taxontips.com/who-needs-to-file-income-tax-return-or-who-should-file-income-tax-return/

CA Navin Jain     5 Jan 2021

Please connect on +91 9830375894/ canavinjain1@gmail.com

T&C apply

V

Vivek U Dixit

9 Months ago

I want to ask regarding IT Section 80GG

CA Navin Jain     5 Jan 2021

Please connect on +91 9830375894/ canavinjain1@gmail.com

T&C apply

N

Nupur Kinger

9 Months ago

I am a freelance contractor, an Indian citizen and living in Thailand. I receive my income from a US-based company in USD which I transfer to my Indian account in INR. How should I file my income tax returns?

CA Naman Maloo     3 Jan 2021

If you live in Thailand you must be non resident in India.
You can book consultation for same: https://www.taxontips.com/tax-notice-personal-consultation/

CA Navin Jain     5 Jan 2021

Please connect on +91 9830375894/ canavinjain1@gmail.com

T&C apply
 
more
No more records
Resume has not uploaded!