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Yash Kumar
Is it compulsory to have the names of the consent letter relatives to apply gst?
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If the principal place of business is owned by relative then it is necessary to have consent letter. Further, in consent letter name should be specified and the same should be signed by that relative.
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Shahir Aziz
Recently shifted to Dubai and get salary in AED in local savings account. Want to know how to manage taxes for india and Dubai income. Also how my wife will continue her Indian job remotely from Dubai. Will she save taxes if the indian salary is credited to a UAE account as a consultant instead of her indian account?
Your income will be taxed depending on your residential status and your wife's income earned in I Dia is taxable in india immaterial where she recieves
CA Puja Sharma 3 Mar 2022In India, residential status of the person determines whether the income earned outside India will be taxable in India or not. Further, DTAA with Dubai will also help in determining your taxes. For more details you can connect with us at ca.pujasharma@outlook.com
CA Naman Maloo 13 Mar 2022We need to discuss more on it by knowing when you shifted to Dubai and other details.
You can book consultation here: https://www.taxontips.com/tax-notice-personal-consultation/
K
Kumar Nawin
My son gives me Rs 81000 as monthly rent, Me - Rs 40500 & my wife - Rs 40500 (we both are owners). Since this per head rent is below Rs 50000, does he need to deduct TDS on rent or not. Please help. thanks. Kumar Nawin
No need to deduct TDS because the limit of Rs. 50,000 is pplicable to each co-owner seperately.
CA Roomi Gupta 3 Mar 2022No need to deduct TDS as property is owned by 2 person and rent paid is below the Rs. 50000. But rent paid must be transferred in different bank accounts and must be supported by documents. For more detail reach us @ www.tarunguptaca.com
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Siddhant
I am a freelancer coach.I earn somenof my income through a hong kong academy in my online classes.They send me hong kong dollars through paypal which converts it into Indian rupees into my bank account in India.Now is foreign incoming money taxable?
Hello,
Regarding Income Tax, any income(Indian or Foreign) earned by a resident would be taxable.
Regarding GST, You can supply such services without payment of GST under LUT.
I hope that this answer satisfies your requirements. For any query, please feel free to contact us at badlaniassociates at Gmail.
Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5
Yes taxable . If tds is deducted in that country no need.
CA Puja Sharma 3 Mar 2022Yes, if you are not paying any tax on this income in Hong Kong. Since you are a ROR, all your income earned during a year will be taxable in India. For a more detailed discussion, you can connect with us at ca.pujasharma@outlook.com
CA Naman Maloo 13 Mar 2022Yes it will be taxable and it can also be liable for GST.
Do read this to understand more: https://www.taxontips.com/is-it-beneficial-to-work-as-an-employee-in-a-company-or-to-work-as-freelancer-taxability-when-working-as-a-freelancer/
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Rupam Shome
I would like to sell my property and therefore would like to know how to minimize my capital gains tax liability
You can minimize capital gain tax liability by taking advantage of the tax exemptions under different sections of the Income Tax Act. For more detail reach us @ www.tarunguptaca.com
Dear Rupam,
There are various options are available to Plan out Capital gain Tax. For detailed discussion you can reach us on ca.rahuldwivedi@gmail.com or 9004485377
You can connect with us at ca.pujasharma@outllok.com for detailed consultation
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