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Koovapady Nageswaran Krishnan
I am Canadian passport holder but have NRO accounts in Indian banks. How can I file my tax returns on the interests generated from my investments (FD etc.) since I am a foreign national and do not have an Indian passport?
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Do you have PAN card in India?
Hi Mr Koovapady, Duly noted the details. We deal in expatriate taxation. You can connect us at canavinjain1@gmail.com/ +91 9830375894. Alternatively you could also visit us at www.globaltaxation.in
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Koovapady Nageswaran Krishnan
I am Canadian passport holder but have NRO accounts in Indian banks. How can I file my tax returns on the interests generated from my investments (FD etc.) since I am a foreign national and do not have an Indian passport?
Hi Mr Koovapady, Duly noted the details. We deal in expatriate taxation. You can connect us at canavinjain1@gmail.com/ +91 9830375894. Alternatively you could also visit us at www.globaltaxation.in
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Mahesha Shirva
I have purchased 200 shares of Asian Paints in Year 2014 for Rs503/share that means Purchase price of Rs1,00,600 and sold them in year 2020 for Rs1,973/share that means Rs 3,94,600. I made a longterm profit of Rs2,94,000. But as per the rules Purch price is considered as stock value as on 31st Jan 2018. So it is Rs1,140 per share Thant means my Purchase price is Rs 2,28,000. That means my profit is 3,94,600-2,28,000 = Rs1,66,000.I am a salaried employee in 30% tax bracket. How much tax I should pay here. Is it 15 % on 66,000 ( This is the only share transaction I have done here and I know up to Rs 1 Lakhs in capital gains is exempted from tax)
Can we apply Cost INDEXING here to increase Purchase price and reduce tax . Indexing will make Purch price = 1.075*2,28,000 = 2,45,100
It will be 10% on above shares.
You can file your return online with the help of experts using this link: https://www.taxontips.com/income-tax-return/
u did not mention Indexing is applicable or not
CA Navin Jain 16 Nov 2020You can make payment of taxes on profit of INR 66,000. For professional advice connect us at canavinjain1@gmail.com/ +91 9830375894
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Aarthi Muthiah
What are the documents required to register my notarised trust? For NOC of landlord of registered office, will the NOC suffice or do I require any additional land documents? If not, then how do the officials confirm the legitimacy of the NOC and the details of the address and landlord?
As per my opinion, you have to submit any ownership proof of the owner along with the NOC. Other than original land documents you can also refer to Municipal Tax Receipt, Electricity bill etc.
CA Naman Maloo 15 Nov 2020you need NOC plus ownership proof i.e, either purchase deed or electricity bill.
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Balbir
If I hire a freelancer based out of India on some portal like Upwork.com, do I need to pay any tax to Indian Government?
Hi, if the freelancer is GST registered, he/she may charge you GST over and above the fees. Please connect on 7045760379 for further discussion
CA Puja Sharma 11 Nov 2020As per my opinion, TDS shall be deducted on the foreign remittance to be made if its increases the threshold limit.
CA Naman Maloo 15 Nov 2020Technically you must pay GST on reverse charge. Also TDS u/s 195 depending who is issuing you invoice.
If you need any further assistance you can book consultation with expert at: https://www.taxontips.com/tax-notice-personal-consultation/
