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Question & Answer


S

Suma R

21 Jun 2021

Hi,
I am Indian origin holding UK PASSPORT. I came back to India in 2015 and settled now in India. I am self employed and pay my tax in India. I want to buy agricultural land and retire. Can I buy agricultural land in India? Am I still considered as a NRI ?

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A

Aman

20 Jun 2021

To sell pooja samagri(like rudrakash, tulsi mala etc) hsn number needed and on seeing on official website "any chapter" is mentioned under hsn number heading,please provide hsn number for same.

Replies (1)                          

CA Aditya Dhanuka       25 Jun 2021

Dear Sir,

In reference to your query, the said items are not subject to tax, and therefore no HSN need to be quoted. The same need to be sold under Bill of Supply and not tax invoice.

Please advise in case of any other clarification.

Thanks & Regards,
CA Aditya Dhanuka.

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A

Anuj

19 Jun 2021

I made a deposit in my NPS account on 31st March 2021 01:30 AM via my Bank which is my POP-SP and the transaction was also processed early morning on 31st March and i got the NCIS Acknowledgment with date mentioned as 31st march but the amount did not reflected to my NPS Account on 31st march and the amount reflected in my NPS Account on 5th April and the Transaction date in my NPS Account is showing as 5th April 2021.
So can i take tax benefit for fy 20-21 for my NPS Contribution or will this investment be considered for fy 21-22 ?

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M

Madhur Kapila

19 Jun 2021

How to avoid salary TDS, if your annual package is below from 3 lac

Replies (3)                          

CA Madhur Gupta       19 Jun 2021

Employer will not deduct TDS on it. If he is deducting TDS over it then you can ask him not to deduct as no need of as per Income Tax Act. you can advice him to refer tax provision OR can have expert legal opinion over

CA Padmawati Agrawal       19 Jun 2021

There is no need of deduction of TDS if gross salary is Rs.3 lacs p.a.

CA Naman Maloo       20 Jun 2021

There is no TDS for salary below 5 lakh.

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A

Akash

17 Jun 2021

Im a student. My brother works in USA. He had sent ₹ 7 Lakhs in my bank account during 1 year. Will I be liable for taxation according to Indian Law.

Replies (3)                          

CA Dhiraj Satnalika       17 Jun 2021

In case this has been sent for family maintenance in India, this will not be taxable in your hand.

CA Madhur Gupta       19 Jun 2021

no tax impact

CA Rahul Dwivedi       21 Jun 2021

Not taxable

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