Can I change the Tax regime from new to old ?
I have income from salary and income from bank interest .
FY 20-21 New Opted
FY 21-22 want to opt for old regime.
I have rental income from inherited property. The property was on the name on my grandmother and is on rent. I receive portion of the rent after death of my grand mother and my father which increased my tax liabilities being salaried person.
Can I create a HUF, me as karta and my wife and son as members and give pan number of HUF for transfer of my portion of rent into HUF account? Will it work to avoid the additional tax and simplify my ITR filing just using FORM 16 i received from my employer.
I purchased a laptop from Lenovo website and provided our GST details during the process.
I did not get a GST invoice even after successful payment.
Lenovo insists that they will provide a invoice with purchase date (9th June) but it will be provided after delivery of the product. Delivery is expected in July or August. So invoice will be definitely not received in June.
My understanding is, to claim ITC, invoice is to be submitted in same month. Is it possible to claim ITC by submitting June invoice in August or September?
If its not possible to claim ITC this way, then what action can I take?
I filed ITR where i missed to include donation made through banking mode under section 80G and 80GGC which is more than 1.0 lac rupees. ITR is under assessment, however is it mandatory to file revised ITR even if I do not want to include the donations anymore now in the ITR to avoid refiling and all. Does this may generate any notice from Authorities in future?
DEAR SIR/ MADAM
My PAN IS DBPPS9046M WHEN I AM GOING TO REGISTER ON LINE IT IS SHOWING ERROR LIKE THIS IS MANDATORY FIELD & NOT ALLOWING TO ENTER PIN POST OFFICE STATE ETC. EVEN DROPDOWN ARROW IS NOT SHOWING ANY OPTION
Regards
Harendra
Hello All,
Background: I am a salaried employer and am moving from Mumbai, India to Dubai, UAE in July'22 on a work visa through my current company. My wife is currently employed as well in India. However, her company is unable to provide work visa immediately for the move and hence we have decided that she will take a tourist visa for now and then in 4 weeks get her converted into Dubai Residential Visa. Her company will provide Work permit in around 2 months and she will start working from Dubai.
Query: What would be the residential status of my wife if we get her visa converted into residential visa in Dubai by Aug'22? Since she is not moving as a result of employment, will she be liable to file income tax this year on her worldwide income (which she will earn once she gets work permit?)
Options: Her company has also provided her an option to terminate her services in India as she leaves and then rehire her in Dubai once they are able to provide work permit. So this means she will travel with me as a dependent and her company will not report anything on India payroll after July.
Objective : My objective is how can we avoid paying taxes on her income in Dubai as she is not moving to Dubai on work permit but as a dependent.
Experts, please share your suggestions.
what is difference between
Accounts receivable
Accounts payable
Trade receivable
Trade payable.
Which place could be the deemed venue of the AGM if it is conducted through VC or OAVM? Is the deemed venue necessarily required to be the registered office or the same city, town where RO is situated or the Corporate office can also be the deemed venue of the meeting?
what is the difference between
interest due and payable and interest due but not payable.
Interest accrued and due and interest accrued but not due( in the case of Assets)
interest accrued and due and interest accrued but not due ( in the case of Liabilities)
New Tax Vs Old Tax Regime