R
Rajesh
I’m Raj and my wife Geetha we both are staying in Oman for last 13 years, we both have Individual NRE accounts in SBI, we are planning to return to India permanently by Jan 2019,
We both have few fixed deposit in our Individual NRE accounts with SBI.
After returning to India, we both are planning to change the NRE account to Normal ROR account.
Now after returning India will the fixed deposit in each account will be treated as separate and the TDS and Tax will be detected separate
In other words will husband get 2.5 lakhs tax exemption and wife will get 2.5 lakhs tax exemption from the above ROR accounts?
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R
Rajesh
Fixed deposit in each account will be treated as separate after converting from NRE to ROR
A
Abhishek
How does the gst related with Final audit report of company. Can a company file higher turnover amount 50 lak than he paid gst actually 20 lack? If yes what will be the consequences after filing
No, GST turnover should match with Tax audit report turnover.
You will have to pay tax with interest and penalty at the time of GST assessment
S
Shilpa
Hiii,, is Provident Fund Applicable on Labour Charges ??
PF is applicable on Salary paid, I guess you must be paying to a contractor who is charging you PF paid to employees in his bill - If yes, Thats correct.
T&C applyS
Senthil
I'm looking to borrow money from the market against collateral for fixed interest payment over one year. In the books - Will the repayment of borrowed money + interest treated as liability/Loss?
Hi
Amount borrowed will be treated as liability and the interest will be treated as your expense.
The interest will be reflected in your profit and loss account and loan amount will be reflected in your balance sheet
