I am currently a resident of India. I will be moving to Germany for long-term employment this August. I have recently established a partnership in India and I would like to understand the tax implications in Germany.

1. The firm has two partners including myself. The other one is a resident Indian.
2. The firm is registered in India.
3. The entire capital is sourced from within India.
4. The entire profit is generated within India.
5. The firm pays the Indian tax on the entire profit.
6. I own the maximum profit share.

I have the following questions:
1. Do I need to pay tax in Germany for my share of profits? Or is it non-taxable?
2. Is my Indian resident partner liable for tax in Germany?
3. Would the answers to the above question be different if I convert the partnership firm to Corporation?

What is duration period for employer(an MNC or third party vendor) to preserve income tax records of employee as per income tax act ?

I am working for a company of Singapore but due to covid situation I could not go there and worked from home in the F.Y. 2021-22. From there I earned 58277 Singapore dollars which is equivalent to Indian Rs.31,56,969/-. I have paid tax in Singapore on 58277 Singapore dollars and moreover I have paid an advance tax of Rs.400,000/- in India as I worked from home in India for my Singapore office. Can you please advise me that whether I am eligible to get the benefit for Rs.400,000/-.













































































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Processing Fees for CAR LOAN, is it comes under Finance Cost? , or can we capitalized it with car cost? OR comes under some other expense head?

How to file ITR U online or paper form only is available?

Dear Experts,

As we know minimum salary in DELHI is 21,800/- for graduate employee. Can we split this salary as per below : -
1) Basic Salary : 14,000
2) HRA : 5,000
3) Other Allowance : 2,800

Kindly advise.

Rakesh Sharma

Respected experts please guide.
A gst number was suspended on 1.01.2022 which was revoked on 31.03.2022, the revocation being effective from 1.1.2022.

As per law when gst is suspended a person can not make taxable supply that is tax invoice can't be issued, further it is stated that within 30 days of revocation order revise invoice to be issued for all those supplies made during the period of suspension till passing of revocation order.
Then it is stated that all those supplies made during the said period shall be reported in the first return filed after revocation order is passed.
Now considering above i am bit confused regarding its practical application.
1. What shall be the first return, most probably January return?
2. Date of revise invoice will be what?
3. In case of B2C supply i feel it is not practically possible to issue revise invoice so does it means that the tax on B2C supplies in such case shall be borne by the taxpayer.
4. What will be the liability on the registered taxpayer if he availed rcm service during the said period.
Experts guidance will clear doubts of many.
Thanks in advance

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Hello all

I required urgently excel based deduction working u/s 80ccd(2).

Can anybody share it for fy-2022-23??

thanks,

Dear Sir,
We have dissolved a partnership firm by executing a dissolution deed. The partnership deed was unregistered.
This partnership firm was registered under REGISTRAR OF FIRMS.?
My Query?
1) What is the process of intimating closure of partnership firm to REGISTRAR OF FIRMS, Telangana.
2) Is any gazette notification is required to intimate closure of Firm/Business to REGISTRAR OF FIRMS.
3) How many days process is this?
4) What will be approximate cost to intimate closure of firm to REGISTRAR OF FIRMS?
5) Does we need to appoint an advocate for this?
Request experts reply.

Best Regards,
Vijay Kumar