K
Kameswaran
How much is the tax calculated for the funds around 40 Lakhs transferred from UAE bank account to India's bank account..?
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Dear Kameswaran,
Taxablity of foreign inward remittance depended on many things. To guide you in proper will require further detail like who is transferring to whom, is there any relation between transferor & transferee, reason for transfer etc. etc.
Kameswaran
D
Dhana
How tax is calculated for pension income?
Dear Dhana,
Pension received by self taxable U/H salary & if pension is received by family member it is taxable U/h Income from Other Sources. Tax calculated slab wise.
For further consultation you can reach us on ca.rahuldwivedi@gmail.com or 9004485377
Pension income is treated same like slaary income under the Income Tax Act, 1961. For more information, you cna connect with us at ca.pujasharma@outlook.com
CA Deepika Boyina 19 Feb 2022Same like salary
T&C applyS
Shekhar Singh
I WANT TO FILE I T RETURN IN FILE SEC 8 COMPANY REGISTERED U S 10(23C)(VIA) . I NEED GUIDANCE AND IMPORTANT ISSUES RELATING TO ITR
A
Amit Kumar Satapathy
Hello Professionals,
I have a query hope you can guide me through the right direction.
I have incorporated a Section 8 company an NGO to work for women and children. I have opened a bank account for that too and transacted some amount for 6 months. I have not received any amount for my ngo for the last 3 years but now we are about to receive a grant. As the company has 2 directors which has not been paid any salary for the past 3 years. Is it possible to deduct the salary of 2 directors for the past 3 years from the grant we receive? The grant has no foundation to whatever the money is used.
Are you registered under section 11 of income tax?
Is paying salary a necessity if you are running a NGO?
you can pay as much salary as you want but will that help you in taxation.
M
Manjunath
What is the maximum amount an individual can invest in share market in india?
Dear Manjunath,
There are no restriction on share investment. It means there is no maximum limit for investment in share. However source of income should be justifiable in case any query raised by department. For Ex. you are filing ITR with 4 L income and you have purchased shares of Rs. 3 Cr. In such case quesy may be raised by department, so keep this in mind.
For further consultation you can reach us at ca.rahuldwivedi@gmail.com or 9004485377
