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Question & Answer


D

Dwarak

10 Dec 2021

I'm NRI currently. Soon I will be moving back to India permanently and would be working for a foreign company and get salary paid directly to my bank account. The gross salary per annum is expected to be more than 50 Lac. Please let me know my tax liability.

Replies (1)                          

CA Hunny Badlani       10 Dec 2021

Hello,

For exact tax liability, detailed information would be required.
Advisable to take the consideration as fees rather than salary, would be much tax beneficial.
I hope that this answer satisfies your requirements. For any query, please feel free to contact us at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5

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A

Akash

9 Dec 2021

How can we redeem Sovereign Gold Bond if both the investor and nominee had died?

No Reply  


D

Dev Khambhayata

8 Dec 2021

So I know that I can Invest in stocks on U.S. markets, But is it legal or possible to do day trade(intraday) on U.S. markets by opening an international Brokerage Firm account ?

No Reply  


C

Chand Mohmmad

8 Dec 2021

I want to start import business so I have to sent money abroad but govt put a rule that I have to pay tcs tex on all sending amount I want to ask to you how to do business without give this tcs because for me this is big because they are taking tex on all the sending amount

Replies (1)                          

CA Rahul Dwivedi       8 Dec 2021

Dear Chand Mohd. ,
To the best of my knowledge TCS is applicable when you make remittance under LRS and not on all remitances. For import of goods TCS is not applicable.
For further you can reach me us ca.rahuldwivedi@gmail.com or 9004485377

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A

Ardhendu Dan

8 Dec 2021

Dear sir/mam

I am unable to upload the filled in and validated ITR2 in the income tax new portal due to the following reason -

During upload, website indicates - (Maximum exemption under section 10 is Rs 20,00,000/= only). I had a Form 16 issued by my employer, where the exemption under section 10 is 23,29,104/=

THE EXEMPTION figures are also populated in income tax pre-filled data.

ITR2 is getting validated after filling up, but upload is not possible.

Is there any way out?

Thanks & regds
Ardhendu Dan
Contact - 9435120598

Replies (1)                          

CA Rahul Dwivedi       8 Dec 2021

Dear Ardhendu,
Deduction under section 10 is allowed subject to ceiling. If you claim amount more than that it will not be allowed. However from the query it is not clear under which head you are claiming the deduction.
For Further Consultation you can reach us on ca.rahuldwivedi@gmail.com or 9004485377

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