Hello sir / mam,
A partnership firm floated with 3 partners out of which 2 partners are Overseas Citizen of India and both of them contributed 99% of capital and profit sharing also 99%.

Please clarify whether OCI can float partnership firm and contribute 99% capital and what are the compliances to be made and consequences to be faced

Hello,
One question that can HUF be partner in partnership firm? If yes, then can the karta of that HUF can provide the contractor service to that partnership firm in which HUF is partner?

Please guide 🙏

An individual would be resident in India if he stays for 182 days or more in India during the previous year or if he stays for 60 days during the previous year and 365 days in the 4 years preceding previous year. If an individual fails to satisfy the above conditions, he will be considered as a non-resident in India

In the above context, what would be tax liability in the following case-
- a Indian person working outside India
- having foreign income of Rs 1 crore or above
- pays income tax in that foreign country and
- income in India is less than Rs 5 lakh
- and visits India for about 80 days during PY 2024-25 and more than 365 days in the last four PYs.

What would be the tax liability?

Resolved and deleted.

HI! i have no business income my income includes salary, capital gain and other sources and filed return for the F.Y. 2023-24 in new tax regime , i want to file revised return. can i file revise return in old tax regime???

Can i Deduct tds u/s 194c on machinery Installation value 37,50,000/-

What is rate of TDS on Purchase of Property from NRI Proposed date of purchase 20.12.2024

BOREWELL SERVICE IS APPLICABLE FOR GST COMPOSITION SCHEME ????

How to determine date of acquisition and cost of acquisition in the case of share received by GIFT,Will and inheritance.
Please reply.

What will be the cost of acquisition and date of acquisition in the case of convertible debentures
whether indexation will be apply.