I
IndìAn M
Hello.
If any product price in Anguilla is almost 5000 indian rupees and their making cost in india then may I open company in both India and Anguilla my indian company will make product and my Anguilla company will buy product in 1100 and sell in almost 5000 indian rupees.
Is it legal ?
I want save corporate and income tax because I am not resident of India.
And my plan is if indian company make any product un 1000 and sell in only 1100 rupees then indian government will be charge tax on only 100 rupees and my 3900 profit will be without any tax.
Note - I am aware about cutume duty take but my product is out of custom duty tax because my product is only online service
Then my plan will be successful ?
R
Rajesh Ghatak
I have a sole proprietorship firm, I am dealing with foreign clients, My turnover is below 20 lac and my business is in online marketing and web development, do I need gst no to run my business?
Facebook
Twitter
Linkedin
As such not required unless you want to avail benefit of ITC refund.
CA Naman Maloo 3 Jan 2021As of now you don't need GST.
To book consultation you can do that at: https://www.taxontips.com/tax-notice-personal-consultation/
M
Monu
I took food coupon from employer and in form 26 it mentioned but not in any exempt section. Where should I add the same
M
Monu
In ITR page it’s not mentioned clearly i.e. relevant previous year but whether financial or assessment?
Query is what is the criteria for calculating senior citizen age
Its Assessment Year. You will check the senior citizen status as on the end date of the Financial Year.
T&C applyR
Rohit Vijjapu
I have an engagement offer as a consultant for 4 months. They have offered 2,00,000 per month for 48 hours/ week
1. What would be tax per month?
2. How can I raise an invoice after each month?
Hi Sir, you can connect on 7045760379. Will be able to guide you on this since I am working as a consultant with a couple of companies
CA Puja Sharma 17 Dec 2020Your taxation will depend upon the total income earned by you in the Financial Year. If the client will be paying you as a professional then they will deduct TDS u/s 194J @ 7.5%(till 31.03.2021) and apy teh rest amount to you.
If the client is paying you as a salary then the TDS will depend upon the slab rate applicable upon you. For tax planning you can connect with us ca.pujasharma@outlook.com or +91 94615 28592
