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Nila Moni Kakati
Sir I have taken accommodation on lease provided by company for only 7 months in this FY. So, for calculation of perquisite value should i consider 15% salary of 7 months or for the whole year?
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Sam
I am Nri , i have some doubts on nri tax. I invested in some shares,while i am resident,and i get some interest and dividend on nro account. Suppose if i want to sell shares after one year in direct as well in mutual fund,capital gains will be taxed. is there any excemption limit for nri available same as resident. 30% TDS deducted on nro interest,is there any way to avoid that.. AS an NRI,when i have to file tax.What is the easiest way to file tax.
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1. For NRI tax exemption limit of Rs 2.50 lacs is applicable.
2. Tax deducted at 30% can be claimed as refund if the tax deducted is higher than tax payable
3. File return by 31 of July after every year. This year date extended upto Nov 2020.
In case of further assistance please contact me on jainabhi189@gmail.com.
Sir you have many questions and so it would be better if you have a proper consultation.
We can have the same if you want.
You can mail me at canamanmaloo@gmail.com
Hi,
1) Capital Gains will be taxed on sale of shares and mutual fund and you would not bet the benefit of exemption limit of 2.5 lakhs for these shares, i.e., this would be taxable irrespective of the fact that your income may be below exemption limit.
2) TDS are deducted on an NRO account at the rate of 30% and on Long Term Capital Gains @ 20%. The credit for the tax deducted can be claimed in the return.
Further, for professional advice please connect with us at +91 9830375894 or mail us at canavinjain1@gmail.com. Kindly note we are experts at Expatriate Taxation/ NRI Taxation/ International Taxation.
Regards,
Navin
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Raghav
I have incorporated a pvt Ltd company last year and i didn't file inc 20a form and i haven't done any business by this company i want to close my company please share procedure for that and fees.
You can close your company after period of 12 months from date of incorporation. You need to file application for closure of company. ROC fee challan will come of Rs.10000/- for this. Rest documents etc need to prepare. For further detail you can contact me at 99155-12967. We are CA-CS firm and dealing in this this since long!!
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Aditya Gangwar
Sir, I am planning to become a online seller. In my city a product is famous and available for sell. So, I planned to get my GST Number and sell online. But my problem is the holseller which will give me product have not GST. They have not GST because they are not under GST. Their turnover is less then 20Lac. But I can't sell online without GST and they can't give GST bill. Sir, is there any way for me to start selling online. Please help me
There is no such requirement that to sell online your purchase bill needs to have GST in it you can even sell them and charge GST.
If you need any further assistance feel free to contact me at canamanmaloo@gmail.com
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Sk
I am an Indian hired by a German company to work in India as a freelancer, I will be receiving payments from overseas direct to my bank account. Do I need to register for GST and open a current bank account in order to get the payment from Germany? It's a 3 months contract and the monthly amount will be around 4-5 lac.
If this is your online income then you are not required to get GST registration as your total receipts won't exceed ₹20 lakh.
If you need any assistance feel free to contact me at canamanmaloo@gmail.com
1. In my opinion you need to register for GST since yours is a interstate supply. After getting the GST registration you will have to apply for Bond with GST department for Nil tax rate on the services rendered by you. But since you will be taking GST number, if you receive any income from Indian clients those will attract GST.
2. You can receive payment in your bank account and no need for current account. But I'll suggest you to consider opening a current account in due course of time so that you can build a brand name and identity for your business.
In case of any further assistance please feel free to contact me on jainabhi189@gmail.com.
No GST registration would be required in your case. However, you may need to see if tax is deducted by the German company on your payments.
For professional advice/ consultation, reach out to us at canavinjain1@gmail.com or call me at +91 9830375894
