I left my job with an Indian company and joined an US affiliate. The US company offered me a salary and a signing bonus. The signing bonus is not a part of the employment offer letter but a separate letter saying that i have to return this if i leave within one year. Later, it was decided that the signing bonus will be paid from Indian company payroll. Since it is paid from indian payroll to my indian bank account and not a part of the offer letter, Is it indian income or foreign income?
It was not reported in my US tax w2 and the indian company told me that it was documented as employee bonus in indian company records.

An Indian startup company has developed a sales related software in Nepal. This startup is tax exempted in India.

As per IT ACT of Nepal , tax of 15% was deducted on payment made.

As per clause 23 of DTAA between Nepal and India, tax credit can be taken for tax deducted in Nepal.

Question here is
1. Tax deduction of 15% is right?
2. Even if the Indian company is an start up tax shall be deducted at the rate of 15%
3. What happen to tax credit as the company in India is tax exempted company.
4. What is the credit taking mechanism if any

Thank you in advance

Salary arrears received from FY. 2022-23 and 2023-24 in May 2024
IT filed in old regime in FY 2022-23 and in FY 2023-24 also in old regime .Now the question is when taking section 89 calculation can we calculate FY 2022-23and 2023-24 in new regime .

I got a VISA prepaid card as gift from my employer in USA during Diwali. It is 25$ ~ 2100INR. Do i need to report it in India if I am resident? I have read that there is a exemption of 5000 INR for each employer in India tax laws. Is it applicable to foreign employer?

I have earned income in USA from salary, I have paid tax in India on the same as I was a resident during AY 24-25.

When I look at schedule FA, the rest of the points mention 31 December as the cutoff date, but point G doesn't mention it. Do I report my Jan, Feb, March salary in there or point G follows the same reporting calendar year?

Is tax audit necesarry if the business income is less than 1crore but capital gain is more than 10 crore for LLP

Our Co's is participating in an exhibition and for this we need to pay payment for Rs.75000.The exhibitors is Government body. My query is doe we need to deduct TDS or not.

Regards

indian resident buys flat from nri seller.

remitter (indian resident/flat purchaser) has to file 15ca from his income tax login or nri seller of flat has to use nri seller's login?

my view--> remitter indian resident purchaser has to apply for 15ca before making payment to nri.
but next q , who will appoint ca for 15cb ? remitter or non resident remitee?
my view--> for appointing ca , remitter/indian resident buyer will appoint and accept 15cb. am i cwrect?

I had received a notice under 143/1 for the a
ae 2024-25 FOR payment of tax @rs.17285 and interest Rs.1900/-

I had sent a rectification request because I was not liable to pay any tax for my total income of Rs.5,02,690/- for the financial year 2023-24. The break up of income is Rs.1,10,797/- short term capital gain and Rs.3,91,890/- being agriculture income shown as income from other sources.

I received a nortice under 154,ignoring my rectification request asked to pay same amount of tax again.

I dont know,why I was asked to pay tax for this total income of Rs.5,02,690/-

I had made a complaint filed at grievances. can anyone guide please. what are the remedies if any available to me now.

Dear Sirs,
My son is offered ESOP every year which is a non-listed foreign company.
They buyback stocks at regular intervals and pay cash to their employees, which is not a part of the CTC.
Kindly advise how the capital gain is calculated and it's taxed.
Thanks for your kind answer.
Prasanna