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Arasa
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Arup Dasgupta
Need a suggestion. Currently doing consulting work for a US-based company. The company in the US is transferring funds directly to my HUF bank account.
I wish to know whether the income can be treated as professional income for the HUF while filing.
Thanks in advance.
S
Sunil M
I have a question on exchange deed and capital gains. I own property A and my brother owns property B. Both properties are vacant sites, same price, and bought more than 5 years ago. I want to exchange these properties, transfer property B to my name and then sell property B immediately to another buyer. Will I incur short term or long term capital gains?
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Nandkishor D
R
Rahul
I have doubts regarding income tax for FY 2020-21.
I was in Germany from 14 July 2018 to 31 Dec 2018,
And in the US from 02 Jan 2019 to 7 Nov 2020.
Thereafter I am staying in India
Q1 For FY 2018-19 will I have to pay tax in India? I have paid tax in Germany for the duration I stayed and worked
Q2 For FY 2019-20 will I have to pay tax in India? I have paid tax in the US for the duration I stayed and worked
Q3 For FY 2020-21 will I have to pay tax in India? I have paid tax in the US for the duration I stayed and worked
For FY 20-2021 my company paid me salary in my Indian NRI account and my total gross salary received in India is more than 15 lakhs though my stay for FY 20-2021 is less than 182 days in India since I came back in November.
If I have to pay tax for FY 20-2021 will the interest earned on FDs also be taxable?
The FDs that got matured this year will be taxable? These FDs were created in 2019 when I was in the US from money earned in the US and transferred to India.
If I have to pay tax in India for FY 20-2021 then I have also paid tax in the US for the duration of April to September 2020. Will I get a double taxation benefit for the entire year or only for the duration I have stayed?
For FY 2021-2022, I am already staying in India since Nov 2020 and my US work permit is till Jan 2023
Can I still maintain NRE accounts in India?
Do I need to convert NRE accounts to normal savings accounts?
If I go back to the US from Oct 2021 to March 2022 which is again 6 months period then will be able to maintain NRI status and still need to pay tax in India? (Salary will keep coming in Indian account from overseas in this case)
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