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Bhaskar Jha
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Bhaskar Jha
I am working in israel for more than 186 days in a year, but I am paid salary & allowances in India by an Indian company after deduction of taxes.can I claim a refund on my taxes as per NRI rule since I am residing outside India for most of the time
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An NRI, like any other individual taxpayer, must file his return of income in India if his gross total income received in India exceeds Rs 2.5 lakh for any given financial year. In case the earnings of the NRI are taxed both abroad and in India, they can undergo exemptions under DTAA (Double Taxation Agreement). For more professional help . reach us @ www.tarunguptaca.com or call at 9216216819
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Rakesh
I am planning to buy a property , the seller is presently in US (onsite because of the Job) otherwise he is based out of India,. will the seller become an NRI as he is staying for more than 6 months in US ?
The NRI status in India is attained by people who are Indian citizens but stay in India for less than 182 days in the preceding financial year. For professional help reach us @ www.tarunguptaca.com
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Sugan
I work as contract employee and providing the technical services to my client, my employer deducts 2% TDS under section 194J, can I take benefits of section 44ADA when I file my return?
The benefit of section 44ADA can be taken only by those specified professionals whose annual gross receipts are under Rs 50 lakh. The presumptive scheme of taxation reduces compliance burden on small professions and facilitates ease of doing business. Under the presumptive scheme of taxation, profits are presumed at 50% of the gross receipts. For more professional help , reach us @ www.tarunguptaca.com or call at 9216216819
CA Naman Maloo 26 Mar 2023It depends on what actually is your work whether it is covered u/s 44AA or not it does not matter whether TDS is getting deducted u/s 194J or not.
For better consultation CLICK HERE: https://www.taxontips.com/tax-notice-personal-consultation/
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Allan Stanley
Can a private limited company trade in futures and options
Yes, no bar. For more information, kindly connect with us at deepakkucheria@gmail.com or +91-9911744028
CA Naman Maloo 26 Mar 2023Yes you can but it can be covered under definition of NBFC so be aware of that as you need to do more compliances. For consultation CLICK HERE: https://www.taxontips.com/tax-notice-personal-consultation/
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