with further reference to the original query dated 2017, it would be appreciated if the following possibility can be responded to:
supposing an individual who is a foreign national, buys at the request of a resident Indian, a foreign lottery which earns a prize, what would be the position.
can the winnings be transferred to the Indian resident by normal banking channels and the individual can then pay the Income Tax at the prescribed rate?
Some information on exact procedure would be welcome.

thanks

CAN A PARTNERSHIP FIRM HAVING VALID PAN BECOME A SHAREHOLDER OF A COMPANY REGISTERTED UNDER COMPANIES ACT ?
IF "YES", PLEASE SPECIFY THE SECTION

IS SECTION 56(2)(vii) APPLICABLE TO THE "PURCHASER" OF IMMOVABLE PROPERTY IN CASE WHERE THE DIFFERENCE BETWEEN PURCHASE CONSIDERATION AND STAMP DUTY VALUE EXCEEDS RS. 50000/- ?
AND SUCH DIFFERENCE SHALL BE INCLUDED IN THE TOTAL INCOME OF SUCH PURCHASER IN THE HEAD OF OTHER SOURCE?

Respected Experts

I want to go composition to regular from 01.04.2023, for which when to be apply and which date to be select for withdrawn from composition (31.03.23 or 01.04.23) as today, date selection calendar not open for the month of April-23.

Thanks for all experts for earliest reply.

Can a Company redeem its Optionally Convertible Preference Shares (OCPS)

Dear Sir/Madam,

As per new provisions, the DTAA treaty benefit for withholding tax can be availed only if TRC and Form 10F is obtained on online basis. How this will work practically? Is the Non resident expected to take Indian PAN and then login on IT portal and file TRC and Form 10F online? Why will any non resident, who does not have any presence in India, will take Indian PAN? Are there any changes/amendments/clarifications have come up in these provisions?

I run a proprietary technical consultancy and I have both local and forex earning well within GST exemption limit of RS 20 Lakhs. Do I need to register or file GST returns

I have recently passed CA Final exam, and going to apply for CA Membership plus COP. As per latest announcement by ICAI about 'Know your Member' (KYM) it requires certain documents to be submitted on yearly basis. Due to our financial condition is not so good, can I start my CA office from my home which is owned by my father, through Rent agreement and I use that rent agreement to submit to ICAI for KYM. Can I do that ?
Expert kindly give your opinion on this 🙏

I run a proprietary technical consultancy in India and come under GST exempted limit. Now I have an opportunity to earn consultancy in foreign currency and even that total value including local earnings will be well under GST exemption limit. I don’t file GST returns nor charge GST to my clients. I regularly file my ITR3 as required. Please let me know what all I need to do or follow in terms of GST, Foreign exchange earnings and income tax implications. I also have the option to opt for billing as an individual rather than a firm.

Read more at: https://www.caclubindia.com/forum/foreign-exchange-earning-and-impact-on-business-process-598100.asp

How to provide Balance confirmation ledger
If somebody ask balance confirmation ledger
If ledger not found in my books
If Ledger found in my books but balance is NIL
what exact word use to provide balance confirmation ledger for
Use Not found in books -NIL or Zero
Ledger found but balance is Zero- -Nil or Zero use