Sec 44bb vs 44da and 115a
This query is : Resolved
25 September 2016
For nri in.oil and gas field till now almost everyone used to take benefit of 44bb.now my question is after insertion of.44da does a service provider to oil and gas companies have.option of.going under 44bb or will qualify as technical.service and get covered in 44da
28 September 2016
IF THE SERVICE CAN BE CATEGORISE UNDER SECTION 44AA, THE ASSESSEE HAS AN OPTION FOR DECLARING PROFIT UNDER SECTION 44ADA
06 October 2016
Well i am not sure thats correct.I am being specific to whether he can still avail 44bb and as per my latest knowledge of the subject and supreme court case law i think answer is yes and NRI can still avail as long as services are specific as mentioned in 44bb
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
