Signup


Signup


Signup

Question & Answer


A

Anirban Banerjee

2 Aug 2022

What is/are the way/s to save tax?I work in a MNC where I don't have taxable income & simultaneously I work as a consultant in a different company where a 10% TDS deduction.My total gross income is 9.51 lacs yearly.TDS deducted 4k monthly.

Replies (2)                          

CA Deepak Kucheria       3 Aug 2022

There are several ways to save taxes. Kindly book a consultation to understand the financial planning as per your risk appetite. You may connect with us at deepakkucheria@gmail.com or +91-9911744028

CA Rahul Dwivedi       6 Aug 2022

Dear Anirban,
You are getting professional fees for rendering consultation service, for freelancer tax planning can be done within the ambit of law and tax can be saved to great extent.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377.

T&C apply


C

Chirag Mehta

2 Aug 2022

In job work if contract envisages retaining of scrap by job worker then should principal raise sale invoice of scrap on job worker?

If contract doesn't envisage scrap retention but still job worker sells scrap then how can principal show scrap outward? Should it show under indirect income by creating a debit note entry?

No Reply  


N

Nikhil

2 Aug 2022

I have general inquiry on below scenario of myself moving to Singapore:

1. I have income in my current company till approx 20-Sep-2022
2. I will be moving to Singapore on 26-Sep-2022 and earning in Singapore dollars will be started.

Questions:
1. In India, FY 2022-2023 - Do I need to declare singapore earnings? Will that be taxable?
2. If I send Singapore dollars to India's NRE account, will that amount be taxable?

Please suggest

Replies (1)                          

CA Naman Maloo       7 Aug 2022

If you are moving to singapore before 1st october you will be non resident in India as you are moving out for employment and hence no tax needs to be paid on singapore salary.

Sending amount to NRE account wont be taxable.

You can book consultation at: https://www.taxontips.com/tax-notice-personal-consultation/

T&C apply


A

Ashutosh

1 Aug 2022

Can any other person see my tax documents like form 26as, form 16, AIS etc.?

Replies (1)                          

CA Puja Sharma       1 Aug 2022

Form 26AS, AIS and TIS can only be checked by the person who has the login password to your Income Tax Portal.
From 16 can be viewed by your employer company because he issues the same by filing the TDS return.
For any IT-related consultation, you can connect with us at ca.pujasharma@outlook.com

T&C apply


R

Ravindra Kumar Singh

1 Aug 2022

I have paid Rs 220000/ as interest on home loan in year 2020-21 but forgot to claim rebate in that year. Can i now claim rebate for this during this year 2021-22?

Replies (1)                          

CA Puja Sharma       1 Aug 2022

No, the benefit on home loan interest payment is only allowed in the payment year.

T&C apply