I want to ask about the tax liability & type when anyone supplies labour outside India & get payment in USD,
And release the wages in INR.
What is the tax liability in that and how can we process it.
Please advise.
ITR2 for AY 2019-20 asks for PAN of an unlisted company, when I have shares in it. But I do not find PAN Info in any of the published reports. Please help.
What should I do by mistake I have issued cgst invoice instead of IGST invoice and information provided by customer contact details are wrong and unable to contact him so that I can cancel the old wrong invoice and issue the IGST invoice.
If I construct a building only for residential purpose. Whether Section 194C and 40A(3) will be applicable ? I mean to say whether I will have to deduct TDS and will have to pay the amount exceeding 10,000/- through bank.
Sir, after death of my husband, an employee in Oil India Limited, I have received the following amounts from the employer :during FY 2018-19:
a) Provident Fund Settlement - 56,81,952/-
b) Provident Fund Arrear - 7,976/-
c) Gratuity - 10,00,000/-
d) Monthly Pension - 4,24,896/-
e) Monthly pension under OIL
superannuation Benefit Scheme Fund - 46,722/-
Please guide me as to which above amounts are taxable and which are exempted ?
Someone told me that , Srl. No. a, b,c and e are exempted under various sections and only srl.no. d) is taxable.
.
I am an advocate and is engaged in legal profession. My annual gross receipts is around 7.00 lac. May I declare my income U/S.44ADA, if a show more than 50% income for AY 2019-20 ? May I use ITR 4 for this purpose ?
please tell me which ITR form will be fill for amount received as brokerage. I am sub broker(business partner) in broker company. MY 26as showing this amount in 194H section.
In view of the recent amendment in section 44AE, which weight should be taken to calculate presumptive income of a heavy goods vehicle, G.V.weight or U.L. weight or R.L.weight ?
I'm composition dealer . I had migrated from VAT to composition scheme. Now I am served with a notice from excise department to deposit tax on closing stock as on 30 June 2017. Do I have to deposit tax?
A housing loan was taken by me in the joint names of myself and my wife. Total Interest on the same during FY 2018-19 was paid Rs. 2.00 lac. Whether deduction of interest may be claimed by me and my wife both ? If yes, how much by each ?
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Labour working outside india