Is lift Land & Building or Plant & Machinery?

My makes bank Fd from gift of her father, Bank deduct TDS on interest of these FD.This is her only income.

I file her income tax return on her pan.

Should I continue as same or club it with my return.

One of my client doing Job in Saudi Arabia. In this country, there is no deduction of tax. He transfers this money in Indian NRO account from Saudi Arabia account. My question is that this is a taxable income or not and any tax liability accrued?

Dear Sir,

I need to fill form-67 to avail FTC. Please help me with the response to these queries:
I hold ESPP shares of two foreign companies. These were given to me by my ex-employers.
One of the ex-employer was a US based company having India Office where I worked. Other ex-employer was a non-US based company, having an India office where I worked. But this second employer had shares listed in NASDAQ.
Both companies gave dividend. I need to avail the FTC credit for the tax withheld by the US Broker for both the companies.
1. For the FTC purpose, is the country of origin (to be mentioned in Form-67) for dividend income from the second company (non-US company but listed at NASDAQ) to be mentioned as US in Form-67 or something else ? Please note that the tax is withheld by the US broker listed at NASDAQ

2. For one company, the US broker withheld the tax on dividend at the rate of 25% (US company), whereas for the other (non-US company) it withheld the tax on dividend at the rate of 15%. Does this mean that I need to have two separate rows in form-16, for the same country (US), one for 25% deduction and other for 15% deduction ? Form-67 asks for rate of tax deduction as per DTAA. How can one country have two rates of deduction (25 and 15%) in two separate rows.

Please help.

A trust registered u/s 10(23C) running educational institution has given Interest Free Unsecured Loan to its trustees.
Is the auditor required to report the same in Form 10BB?
Please also guide about tax implication of this Interest Free Unsecured Loan.

we are a freight forwarding co. we have raised a invoice on our own office (overseas) ,Do we need to charge GST on the same . It is a case of export of services.
Kindly revert.

I left India in Sep 2018 for employment abroad and was an NRI for FY 2018-19. My job abroad ended and I returned to India on end May 2019. I was abroad attending a funded research conference (not employment) the entire month of Aug 2019. I obtained a new job and left India for employment on Dec 1, 2019.

Although I left India for employment for 4 months, from Dec 2019 - March 2020, my cumulative days in India (including stay abroad during Apr-May and Aug) are 168 days for FY 2019-2020.

Period of Stay in India in preceding years:
FY 2018-2019 is 181 (NRI)
FY 2017-2018 is 365 (ROR)
FY 2016-2017 is 365 (ROR)
FY 2015-2016 is 366 (ROR)
FY 2014-2016 is 365 (ROR)
FY 2013-2016 is 365 (ROR)
FY 2012-2013 is 365 (ROR)

What is my residential status for FY 2019-2020? Thank you.

Sir,
one of my client is a partner in partnership firm turnover Rs. 90 lac and wish to go for voluntary audit us 44AB.
can partner file own personal ITR without audit and penality after 10-01-2021
please.....................
before last date...........
regards

We received Rs90 lakhs advance in november 2020 against sale of goods . We could not deliver goods and returned 10 lakhs advance in nov20 and balance in Dec2020. We had previous year sale above 10 crores. How tcs will be calculated in above case. Please advise.

Dear Experts,
We made sales to & purchases from the same entity. We are setoff the revenue from Sales to liabilities from purchases. I want to know whether TCS @ 0.1% (which is newly applicable from Oct 20202) is applicable on the setoff value if exceeds 50L?

What kind of document will confirm its setoff both for documentation?