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Aniket Varshney
I want to open a Private ltd company in which i have capital of 5lakh . And my mail course or business is Derivatives (only and only Option selling/Hedging) in stock market.
Do i have to registered with RBI for NBFC ?
Can i open company for this type of business as ecplained main source of income
Can i Acquire loan from bank for this type of business as per law
Can i Receive loan from Director and use that fund to share market Derivative trading business
A
Aniket Varshney
I want to open a Private ltd company in which i have capital of 5lakh . And my mail course or business is Derivatives (only and only Option selling/Hedging) in stock market.
Do i have to registered with RBI for NBFC ?
Can i open company for this type of business as ecplained main source of income
Can i Acquire loan from bank for this type of business as per law
Can i Receive loan from Director and use that fund to share market Derivative trading business
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Hi Aniket
-Trading in Stock market is a financial activity and u need to register for NBFC as Investment Co. with a minimum net owned funds of Rs. 2 crore
-Yes u can open dis type of co. and aexplained main source of Income
-Yes u can acquire loan from bank
-Loan from director is allowed to the extent of its own fund
Hope your queries r resolved.
U can mail at casanchit2019@gmail.com for further query.
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Ashima
Hi! I was a student until March 2019. Last year I studied in Italy for 4 months and worked part time. The income earned was less than 2.5L Rs NET. The taxes (30%) for this income were deducted in Italy by the employers. (The income was more than 2.5L Rs gross). Do I have to file for IT returns in India?
You have to first determine your residential status in India. Most probably you would be resident in India and in such case you have to file the ITR and declare the salary received from Italy in the return. You can avail benefit of DTAA between India and Italy. For help with filing the return contact on ca.sidbhardwaj@gmail.com
CA Naman Maloo 23 Aug 2019You would be a resident since you were in Italy for just 4 months and therefore your global income would be taxable in india but we need to check the DTAA between india and france.
If you need further assistance you can mail me at canamanmaloo@gmail.com
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Naveen Bohra
Hi Team,
I have a query while filing ITR2 for AY 2019-20.
I was NRI for FY2018-2019 (as I was outside India for more than 182 days) and was getting salary in foreign country.
I know I need not pay tax on my foreign income as I was NRI. But I wanted to check if this foreign salary income needs to be declared in the Schedule EI (Exempt Income), Section 5 "Income not chargeable to tax as per DTAA"?
Is foreign salary income for NRI not taxable due to DTAA or any other reason?
Thanks and Regards,
Naveen Bohra
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Rajni
I have been filing ITR4 for the last four years as a professional under 44ADA. In dec 2018, I set up a One person company where I am the director. There was no incoming income in the company during the last financial year. But I understand this year, I need to fill ITR3 instead of ITR 4 because I am a professional under 44ada and also a director of a company.
To open the company, I made some expense. There were also rental and other operational expenses that I paid.
How do I reflect that in ITR3?
I have filled BP section normally like I used to fill in ITR4, but I am not clear on what info I need to fill for my company in ITR3.
You dont need to show anything in ITR 3 for your company.
Your companies return would be filed separately in ITR 6 and you also need to file return with MCA for companies.
If you need further assistance feel free to contact me at canamanmaloo@gmail.com
