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Arjun Aloshious
What is the exact percentage or amount i have to pay for importing one Blu-ray Steelbook from the UK or the US that costs around 30 USD or more? Also, I am asked to pay this customs duty only for some of these orders, not all. Why?
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Ariharasudhan Ramachandran
I got investment profit from an us trading company and it amounts to nearly 15 lakhs in my savings bank account. I have already paid the taxes in USA. considering the fact of DTAA, whether i have to pay taxes in india and should i report to IT? Please guide. I am not an NRI.
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As per DTAA it says each contracting state can tax the capital gain earned by assessee and therefore you need to also pay tax on same in India and claim credit of tax paid in USA.
If you need further assistance feel free to contact me at canamanmaloo@gmail.com
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Amit Singh
If I make INR 50 Lakhs by investing in an Auto trading company this year, Under what should I file my Income tax returns (The company also auto trades on cryptocur*encies on my behalf) ?
What is my rate of tax (%) ?
You are basically investing in an asset management company so you need to fill details of any sale as sale of investment and show capital gain on same.
CA Jaya Agarwal 30 Jul 2019ITR 2
CA Jaya Agarwal 8 Sep 2020If you are doing this on regular basis, it means if it is your profession, then income will count under head " business & profession" otherwise it will be a " capital gain" on investment.
T&C applyS
Shalabh
I want to ask a question for pensioner
If you want to ask free questions you can post it here.
If you are serious about this query and want professional paid consultancy you can mail me at canamanmaloo@gmail.com
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Rajesh Verma
I sold a flat for 68.5 lacks in Ghaziabad and have to pay tax of 68,500. I know that if i Buy a flat within two years of sale I can claim this amount from Income tax department. But my question is for land , If i buy a land can i claim 68,500 from Income tax department?
No sir buying a land wont help. But you may calculate your capital gain and check if you can still claim some refund.
I would advice you to hire a Professional and discuss with him personally.
If you need assistance you can mail me at canamanmaloo@gmail.com
