A
Arpit Agarwal
I am an NRI working in Netherlands. Can I do consulting for Indian IT company?
If yes then the income I receive will be taxable only in India or also in Netherlands.
Facebook
Twitter
Linkedin
I need more information on the nature of services being provided and your residential status as per income tax act.
I think you should book phone consultation for same with expert at: https://www.taxontips.com/tax-notice-personal-consultation/
S
Sanchay
I have booked a flat in october 2021.Deligery of flat is in 2024.can I claim 54f deduction if I pay my installment for flat by selling my shares and mutual fund. What all documents will I need and how can I claim it?
Yes you could get benefit if you get ownership of this flat within 3 years from sale of shares and if you fulfill other conditions of 54F.
You can read more at: https://www.taxontips.com/what-is-difference-between-exemption-u-s-54-and-54f/
You can book phone consultation with expert at: https://www.taxontips.com/tax-notice-personal-consultation/
P
Prashanth
Hello.. I have a company shares that i have not sold till date. My company is a German company and its listed in their stock exchange. Since i have a foreign investment, should i use ITR-1 or ITR-2?? Since i have not done any sell, there are no capital gains for me. so can i file ITR-1? or Is it mandatory to use ITR-2 to show that i have foreign company shares? Thanks in advance
Legally since you hold foreign assets you should disclose same and file ITR 2.
To get better consultation from expert you can book consultation at: https://www.taxontips.com/income-tax-return/
And consult about income tax return.
K
Kris
Is it necessary to pay from firm/proprietor's account to avail input tax credit
No it is not necessary but it is advised to pay the same through firms account only.
T&C applyR
Rahul Jain
I've opted for composition scheme since 2017 and receive rental income of around 4.8 lakhs per year and TDS is being deducted in abovesaid amount. I've received rent in FY 19-20 and FY 20-21 and receiving till date. I came to know now that I cannot avail composition scheme if receiving rent. What will happen to my GST cases of FY 19-20 and FY 20-21 as I have committed a mistake in these two years. Will I get any demand or notice?
