Income Tax QnA - Page No 277

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SUBHANKAR MULLICK

10 February 2025 at 10:12

Form No 10AB for new registration for 12A exemption

Dear sir/ Madam,
we have a registered society incorporated on 22/07/2022 and started business from 01/09/2022 . now we want to take exemption u/s 12A and 80G and for that what form should we file form 10A or form 10AB as we already started business.

Mittalkumar Patel

10 February 2025 at 11:40

Advise on Tax implications

Namaste,

I am a canadian PR and residing in canada since last 2.5 years. I haven’t changed the citizenship, citizenship wise I am an Indian Citizen only.

Now, I am moving back to India permanently, what is the best way to send my money to India without any tax implications?

Also, I don’t have any NRE/NRO account in India.

Thanks and looking forward to get best possible suggestions soonest.

AJAYI

10 February 2025 at 08:08

What will be my residential status in FY 24-25.

In FY 24-25, I will stay 54 days total in India. In the preceding 4 years, I was in India for 365 days +. What will be my status in FY 24-25. I have come to India permanently.

pkkapoor

10 February 2025 at 07:59

60 days rule for Indian citizen employed in Singapore

If an Indian citizen is employed for last three years in Singapore and paying tax as per Singapore tax laws, it is said that 60 days rule is not applicable.

My query
What exactly is Indian Income Tax Act/Rule from which I can understand that it is not applicable to an an Indian citizen on employment to a country like Singapore......

Daya

09 February 2025 at 20:00

What is Gross Block

what is Gross Block in Fixed Assets.

Daya

09 February 2025 at 19:53

What is operating profit and non operating profit

what is operating profit and non operating profit
how to calculate it.

Daya

09 February 2025 at 19:36

What is operating income and operating expenses

what is operating income and operating expenses
List of operating income and operating expenses.

Daya

09 February 2025 at 19:26

Type of Revenue income and what is net income

what is net income and type of revenue as per schedule III of Balance sheet.

Daya

09 February 2025 at 18:42

What is Gross profit and Net income

what is Gross profit , Net income and Net Loss as per schedule III also.

C.S.MADHURANATH

09 February 2025 at 14:38

BUDGET 2025-26

Sir, WHERE INCOME FROM SALARY OF A PERSON IS Rs1200000 & income from sale of equity(LTCG) IS Rs.125000, WHETHER ANY TAX LIABILITY WILL ARISE FOR AY 2026-27?