S
Sagar S
Do I have to pay tax when my parents transfer 1 lakh 50 Thousand in my bank account?
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For professional help, kindly connect with us www.tarunguptaca.com or call at 9216216819
CA Rahul Dwivedi 30 Mar 2023Dear Sagar,
It seems to be no tax in your case, however need further discussion to advise you further.
For Further Consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377.
S
Sagar S
Can a director and nominee of OPC both become directors in the same private limited company?
R
Raksha
If we did not link pan card with addhar card before 31st March 2023 what is the fine and we will be able to link after 31st March 2023 also pls answer
The extended last date for linking Aadhaar with PAN is 30th June 2023 now. PAN will become inoperative from 1st July 2023 if it is not linked with Aadhaar. However, a late penalty of Rs.1,000 should be paid before requesting to link PAN-Aadhaar. For any kind of professional help, kindly connect with us www.tarunguptaca.com or call at 9216216819 .
V
Vinod
I work as freelancer on different platforms and the invoices generated through them are not sequential but are consecutive (e.g: T561593407,T564940245).
is that ok considering the gst rules or should it have to be sequential only?
Hello,
These are invoices generated by the platform. You will also have to generate invoices for your compliance purpose. If you supplying export services without payment of tax under LUT, then this will be mentioned in the invoice.
I hope this answer satisfies your requirements. For a detailed resolution of your query, you can contact us directly at badlaniassociates at Gmail or take a phone consultation.
Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5
A
Asrar Qamar
I will be commencing a consulting agreement with a company in Hong Kong and my renumeration will be purely commission based in USD, my residency status is Indian and will receive the renumeration in my Indian Bank account. Assuming there is no double taxation, will i pay income tax as per existing tax slabs in India. How will reimbursements such as utilities and business travel be taxed ? There is no registered entity in India, hence all transactions will be paid out to my Indian bank account directly from Hongkong.
Hello,
Yes, being an individual, your income would be taxable at slab rates as applicable. Depending upon the nature of services provided, you can use Sec. 44ADA presumptive taxation scheme, which would be beneficial for you. Reimbursements won't be taxable.
You will also need to check GST implications, if the total receipts exceed Rs. 20 Lakhs limit in a financial year.
I hope this answer satisfies your requirements. For a detailed resolution of your query, you can contact us directly at badlaniassociates at Gmail or take a phone consultation.
Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5
