Uk employee is deputed to india for 120 days (status Non Resident). In UK he has been issued NT Code hence his salary is not taxable in UK.
As per IT Act this salary is deemed to accrue or arise in India, hence Taxable in India.
However, As per DTAA since he has not stayed in india more than 182 days, his salary can not be taxed in India,it may be taxable in India.
Beneficial to assessee is DTAA hence in India it is not taxable.
To summarise his salary income is not taxable in both country.
Is this view correct or I am missing any other provision which makes it taxable in India.
how professional tax is charged??how professional tax is charged for company,partnership,proprietors???
We have incorporated o Joint Venture Company in which 50% shareholder is a Indian Company and 50% shareholder is a German Company. Both the companies has appointed 2-2 directors from their sides without qualifying shares. It means two directors are of Indian origin and balance two directors are of Foreign origin.
As per the provisions of Sec 184 of the New Companies Act, every director shall disclose his interest or concern in the form MBP-1.
Now we have following queries related the disclosure of interest or concern of German directors as below:
(1) Is it necessary to file the MBP-1 for the German Director?
(2) If the answer of the above is yes, then is it necessary to disclose the interest by German Director in the overseas concerns or disclosure of interest only in Indian concern is sufficient.
Further we also want to know that is it compulsory to file MBP-1 for Independent director without shareholding.
Please reply the same with supporting of section or rules of New Companies Act.
is salary paid greater than 20000 is allowable under sec 40A (3)?
dear sir, at first time am attending only 1st group intermediate exam, so now should I take computer training or can I take that when I will write 2nd group intermediate? plz guide me..
plz. send me latest audit report format of Pvt. Ltd. for FY 2013-14
Mail: cssingh.ajit@gmail.com
During the FY 2013-14, i have paid Rs XXX (from self) and Rs YYY (using home loan) as 2 installments to the builder for purchase of flat. Estimated completion date of house is Aug 2014. Can i claim deduction u/s 80C for Rs XXX and the principal portion of EMI paid for Rs YYY borrowed from housing loan company?
Are there any other tax saving options in the above case?
Thanks
Satyendra
i trey to register a new user register in service tax department but i cannot submit it at the time we get a message contact administrator and register a compliant in help desk and get answer (check browser ) am already using current browser have you any suggestion to me
my client is service provider and charging st as composite wc. can the cenvat paid on purchase of raw materials claimed as service tax input.
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Taxability of salary of uk employee d to india