D
Dhiraj
Hello,
Recently i recieved some foreign currencies (USD) approx 500USD to my bank account because i doing some freelancing task to foreign company..and bank send FIRC where bank deducted some IGST but as i know there is no gst applicable for providing services to foreign clients.. kindly explain me why IGST is deducted and can i take refund it...
Thank you
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GST can only be refunded if your are a GST registered tax payer.
GST registration is mandatory for service providers if their aggregate tunrover exceeds Rs. 20 Lakhs or 10 Lakhs during the FY.
For more informtaion, you can book consultation with us at ca.pujasharma@outlook.com
Thank you mem for explanation..
But one concern that can i never received payment if i dont registered GST if my turnover exceeds 20 lakh from foreign clients?? And the company where i provide services is not registered in india...
Is gst is only mandatory for claim refund in export of service???
N
Naveen Ambastha
Hi,
I had filed a original ITR with refund of 15910 which ai received.
I wanted to add LTA and medical expenses so I filed revised ITR but I didnt added rest of the things so I got demand notice of 11910.
So I filed again a new REVISED ITR with cleartax and got refund of 36400.
Which I haven't received yet.
What shall I do for the demand notice I got , will it get adjusted automatically in refund amount ?
Wait for the last filed revised ITR to be processed. The demand will get void when the last ITR gets processed.
For more IT-related matters, you can connect with us at ca.pujasharma@outlook.com
P
Pritam Kumar
Hello, im an independent contractor and i providing services to the canada based international proprietary trading firm remotely where i trade on company's trading account and company share profit/commission via wire transfer/paypal and Payoneer, so in this case which ITR is most suitable for to file
Thank you
ITR 3 will apply in your case. For more details, you can connect with us at ca.pujasharma@outloo.com
PritamKumar 8 Aug 2022Thank you mem...got it👍
T&C applyS
Satbir Singh
I am selling my residential Property on next month. My deal is Done at 50Lakh.They will pay me via Cheque. What will be the next step after getting Cheque. Should I have to deposite whole money into my saving account or elsewhere? I required yours Step by Step guidance.
Hello
Capital gain will b attracted however it can be saved.
For further clarification please contact cashrutigoyal127@gmail.com
For a step by step process it is recommended to book a consultation with expert to plan tax properly.
Link for consultation is: https://www.taxontips.com/tax-notice-personal-consultation/
Capital gain will arise in your case. You have to reinvest the gain or proceeds if you want to claim any exemption.
For more discussion, you can book a consultation with us at ca.pujasharma@outlook.com
A
Amit Singh
Is a transaction between a person (from one company/entity) and his brother in law specifically (from another company/entity) considered "related party transaction" ? If yes, then what precautions can be taken ?
