My son took up job abroad and left in March 2016 after working two years in a company ..He received EPF accumulated of 274500/- with tds 10% deduction in August 2018. He is NRI for AY 2018-19 & AY 2019-20 What shall be Tax implication for AY 2019-20.. Under which head of income to show in ITR and if standard deduction can be claimed of 40000/- for same, if shown as profit in lieu of salary under salary income.

GROSS RENTAL INCOME RS 64,80,000 LESS MUNICIPALITY TAX RS 1,59,603 Balance Rs 63,20,397 Less 30% Deduction Rs 18,96,119 Balance Rs 44,24,278 The land lord has paid no installment of advance tax hence I workout @ 40% tax liability 40% of Rs 44,24,278 = Rs 17,69,711 Please guide me and oblige what to do in such situation. Whether will have to be paid Rs 17,69,711.

Some one has advised me to claim remuneration to working partners and interest on capital also.

Dear freinds & Professional colleagues, I have received a bill of Rs.35000 from ASSOCHAM (Trade Association / https://www.assocham.org/) as sponsorship fees so tell me whether my company have to deduct TDS on this bill or not if yes then what is rate of TDS..??

XYZ (France) wants to carry out ‘Clinical Trials’ in India. For carrying out clinical trials, certain statutory permissions are required to be obtained from the Indian Government. XYZ had appointed PQR(India) to give this Regulatory, Administrative and Legal framework support for getting the required permissions from the Indian Government. For this service, PQR(India) will be charging to XYZ(France) in foreign currency. Is PQR liable to pay GST on it?

Respected Experts
Mr. X purchased shares of many companies in 1995. All these companies were listed in 1995. Subsequently with passage of time many companies have been delisted and many have been stricken off.
According to new rules if an assessee holds shares of unlisted company than he has to disclose the same in ITR-2. My question is whether the shares of delisted companies need to be shown in form ITR-2? We also have to mention PAN of these companies. So how to get PAN of delisted companies?
Mr. X also wants to disclose the shares of those companies which have been stricken off by MCA. He wants to claim capital loss in future whenever he has capital gain in other shares. So how to know the PAN of stricken off companies?

If the vendor has not mentioned the HSN Code on the Invoice then what HSN code should we mention in GSTR 9 in the column of HSN Wise inward supplies? Whether it is ok if we consider same HSN code for common services/ goods supplied? (e.g. common HSN Code for all direct selling agents)
Thank you in Anticipation.

Dear Sir,

ITR-2 for AY 2019-20 for Non-Resident.

Foreign Bank Accounts mandatory in ITR or not?
There are Two column for bank account in India( Refund account & other Bank Account)
No column for outside India Bank Account.
Foreign Bank Account details are mandatory or not.

Please suggest your valuable response in above query.

Thanks & Regards
NK

How can I claim TDS/TCS credit.....??
For last 6 Months TDS/TCS credit received tab on the GST portal shows " Since the provision of TDS/TCS have not yet been notified, this section has been kept inactive in 3B"

Please help.

I have given money on interest to one party during the financial year 2018-19. Now due to bad financial conditions, he is unable to give the interest on the loan. He promises to give me in 2019-20. But it is doubtful whether he will keep up to his promise.
How to account for the interest amount.
Please guide.

WHETHER A PERSON WHOSE INCOME DEDUCTED UNDER SECTION 194 J AND HE IS NOT SPECIFIED PROFESSIONAL UNDER 44ADA CA FILE RETURN UNDER SECTION 44 AD?