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Sudharshan Venkateshan
I had two Form-16 this year because the company changed its name. I submitted one form 16 which had details about the last 10 months and e-verified it on income tax online. I forgot to add the second form 16. What can I do now?
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You don't have to submit form 16, you have to enter the details in ITR 1 form and show your income.
You can now revise your return and solve it.
If you need any assistance feel free to contact me at canamanmaloo@gmail.com
You can file a revised return. Contact us for any assistance.
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Abhay Mulik
I had started one proprietorship company in December 2015. I got it registered and enrolled for service tax number then. I didn't get my company shifted to GST, after GST was launched. I didn't get any business in the name of that company until now. Currently there is a prospective client that is asking for a quote towards services of my company. My query is to whether or whether not to mention 18% GST as a part of that quotation. In case if I get this contract then my monthly billing shall be Rs. 2 lacs less some change. There has been no monetary transactions in my company current account, for last almost four years, except some borrowings taken from friends and relatives to take care of marketing expenses of company.
As per section 22 those who were registered under previous act were required to get registered under GST even if their turnover was below so I guess you need to register under GST.
If you need any assistance feel free to contact me at canamanmaloo@gmail.com
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Nishant Kumar
I am an NRI at United States. I make some saving on monthly basis (after paying all taxes). On yearly basis, what amount (in INR at max.) can I send to my family in India?
Dear Nishant Sir, there is no limit on transfer of funds in India. The limitation is when funds go out of India.
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Nishant Kumar
I am an NRI at United States. I make some saving on monthly basis (after paying all taxes). I understand that I can send this amount back to my family in India, and that would be non-taxable. Any interests availed on that amount will be taxable. While filing India ITR, under what conditions am I required to declare my US savings? If I need to declare my savings, what section should I select for tax relief? what would be the relevant article for DTAA?
No you are an NRI and if you send some amount to your family in India it would be a gift for them and then the interest they earn would be taxable in their hand and not your hand and also you don't have to show any savings of your in ITR even if you file return.
If you need further assistance feel free to contact me at canamanmaloo@gmail.com
As you are a Non resident in India, you only need to report Indian Income here.
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Sahil
Hi, I have change the company and the old company asked me to pay the notice period amount. My current company has credited notice period amount into my account which i have paid to my old company. Since this amount was credited and debited from my account, how can i file the same in ITR.
Since you haven't paid anything as notice pay don't reduce it from your salary and no need for any separate representation.
If you need any further assistance feel free to contact me at canamanmaloo@gmail.com
