As per Income tax provisions, if property is co-owned, then rent and interest on home loan deduction is to be taken proportionately in ratio of share of property, practically salaried employees take full deduction of Home loan and show rent in Wife income. You can accordingly make your decision.

In this case, Gross Receipts will be 100, and all calculation under gst and income tax will be made considering 100/- as gross receipts, and taxable profit will be 10/-

Dear Aman,
There are diferrece between sales/receipt and profit. In your case Rs. 100 is your sales value against that you can claim exepses and balance will be treated as your income for the purpose of income tax. For further consultation and advice you can reach us at ca.rahuldwivedi@gmail.com or 9004486477

Your taxable income will be Rs. 10 in Income Tax Act, For more details you can connect with me at ca.pujasharma@outlook.com

You can provide service under different name, but there are two ways to do the same. Either with GST Registration or without GST registration

There can be separate brands under same partnership firm.
You can have different name on invoices and different name for people to recognise as brand.
Or take a separate registration for same as it would be a separate vertical of your business.

Your ITR will attract DTA provisions, you will need a professional to file your Income Tax return, as Indonesia company has already deduct tax and Indian Income Tax will also demand tax from you, so this is called Double Tax; to avoid such tax there are DTA provisions under Income Tax Act,.

TDS is paid by the company and not the employee. You need to pay tax in India.
Further if you wish to take credit of tax paid in Indonesia you need to get the proof of tax paid in Indonesia and check DTAA between India and Indonesia.
I would recommend to have a phone consultation with expert before taking any decision.
You can book consultation at:https://www.taxontips.com/tax-notice-personal-consultation/

Dear Jishnu,
For Resident India Global income is taxable in India. So the salary received by you will be Taxable. As for as benefit of tax paid in Indonesia is concerned it depends on Double Tax Avoidance Agreement between the Indian & Indonesian government.
For Further consultation you can reach us at ca.rahuldwivedi@gmail.com or 9004485377

If the transporter and you have Gst No of same state, then transporters should levy CGST and SGST, even if it is a export or import of goods

Interest deduction for commercial property is not allowable.
For further Assistance & Tax planning your can reach us at ca.rahuldwivedi@gmail.com or 9004485377

In my opinion Interest against the loan for a commercial property, a loan can be taken u/s 24. For a more detailed discussion, you can connect with us at ca.pujasharma@outlook.com

24(b) applies to all properties whether commercial or residential or any other property.

Clubbing provisions doesn't apply to PIN money, however quantum of PIN money should be justified in terms of income of Husband.

What is the maximum amount of money that can be given as PIN money? In terms of percentage of husband’s income?

As such quantum is not defined under income tax laws, but considerations to be kept in mind would be the size of husband’s income, the total expenditure of the household, the extent of the contribution made for the household expense, justification for the quantum of savings being made by the house lady etc.

Ok thank you so much

This is your personal expenditure as per Income tax act and not allowed as Tax exemption. If it would have been in form of Donation to some NGO then Section 80G could have been availed.

No there will not be any tax benefit from this expenditure.
However, if you pay this amount to any NGO which is government-registered and is eligible for 80G donation then you can get the tax relief.

In this case, asset transferred was shares, and subsequently form of asset is changed to F&O, so any income arising from F&O will be clubbed with income of transferor i.e. Husband. Refer Section section 64(1)(iv) of Income tax act

Thank you for the reply. But the asset was sold (shares) without any gain.

Yes, shares were sold, if there would have been gain, then capital gain provision would have been attracted. But in your case original asset was shares and you have converted it into cash (another asset) and that cash is invested in F&O, so income arising from F&O will definitely be clubbed with Husband income and if there would have been loss then, that also be clubbed with Husband income.

I have read the said paragraph of income tax act. Now I understand. Thank you so much

I have read the said paragraph of income tax act. Now I understand. Thank you so much