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Saksham
I am about to accept an offer as a contract employee for a company based in Denmark and I would be working from India. The offer is of 30 Lac per annum. My question is : Will I receive it after TDS deduction, or will I have to do taxes completely on my own here in India ? If so then how much will I have to pay in taxes overall (yearly) ?
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You might need to get it clarified from your employer. In case they deduct TDS there then you have to check whether there is DTAA between India and Denmark or not so that you could claim TDS deducted there for payment of taxes in India. In case they do not deduct TDS there, then you have to pay Income Tax in India as per the Income tax slabs prevalent currently. If the compensation is Rs. 30 Lacs, then it is advisable to adopt New regime provisions which would save your taxes as comparison to Old Regime slab rates. For any clarification, kindly connect with us at +91-9911744028 or deepakkucheria@gmail.com
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Umang Dixit
In year 2022, Income tax dept has given me outstanding demand notice for assessment year 2010-11 of Rs. 126680/- with accured interest of Rs. 23202/- in online protal. In Financial year 2009-10, My employer which was a govt dept has deducted TDS from my salary of amount Rs. 113549/-. I have form 16 with me for that year. Form 26AS from IT dept is also mentioning Rs 113549/- as tax deducted from salary but tax paid has status provisional. I submitted my response to IT dept online but again AO is not agreeing. He has not demanded any document from me and still it is showing outstanding demand in online portal. My office has closed its opeartions in year 2021. Please advice what to do.
You may complaint at CPGRAM that you issue has not been resolved yeat. Hopefully, you will get the solution. For more info, kindly connect with us at +91-9911744028 or deepakkucheria@gmail.com
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Vinod
I work as a freelancer(software development/testing etc) and receive payments through paypal or other platforms. they provide FIRA or FIRS or NOC for the transactions instead of the actual e-FIRC.( since the Indian banks can be different i.e the one which receives the foreign currency and then credits the other bank where I have account)
so for GST perspective, is that sufficient as a proof to show the export of services.( I receive income in INR directly into my bank after foreign currency conversion) or e-FIRC is required? Most of the banks also provide advice only(FIRA/FIRS/NOC) in these cases and not e-FIRC.
You may request the bank for issuing certificate w.r.t. the receipts in Convertible Foreign Exchange. That may suffice your purpose, however, for certain purposes such as refund claims, FIRC is a mandatory document. For more info, kindly connect with us at +91-9911744028 or deepakkucheria@gmail.com
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Yuvaraj
Hi,
I file normal return in Jun 22. I realised I have not included some of income so I paid self-assessment tax & filed revised return in Aug 22. (same day Self-assessment tax being paid and same day return is submitted.)
Also, I made one mistake, I mentioned wrong challan number in ITR. (BSR number & date are correct)
In Nov 22, I could see Tax Credit mismatch through online portal but I have not received any intimation yet. The status is 'in process'.
As there are two things, one same day tax paid and incorrect challan no in ITR.
What should I do in this case. Should I wait for some notice or can I file revised return while earlier return is in Process.
You can revise the return to rectify your mistake. For more info, kindly connect with us at +9911744028 or deepakkucheria@gmail.com
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Sugandha Srivastava
Can we deduct TDS while making payment to a Vietnam based vendor for taking online data services?
You may refer Section 195 of the Income Tax Act, 1961 for this purpose. For any consultation, kindly connect with us at deepakkucheria@gmail.com or +91-9911744028.
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