I run a website and get my payment from Google Adsense in form of a wire transfer from the USA. My company is registered in India and I live in India as well. The company has 5 employees, all residing in India.

I was thinking about opening a Free Zone Establishment in Dubai while residing in India and without taking Dubai residency. I am doing this mainly to save taxes and wanted to know whether it is legally possible to do so.

I will be the sole Director in the Dubai Free Zone establishment and it won't have any employees. Even I won't be drawing any salary from my Dubai Free Zone establishment. I will use it only to receive payment from the USA.

I won't dissolve my Indian Company. It will remain as a completely separate entity. I will transfer some money from my Dubai Free Zone establishment to my Indian company so that I can pay the salaries to my employees in India. So basically, My Indian company will be unprofitable and I won't have to pay taxes here.

Is this type of structure legally feasible?

Edit: If possible please let me know of any Tax Attorney in the Delhi Region who might be an expert in this field

The Society land conveyance deed was executed in favor of the society on 01.Oct 2019 i.e. during the FY 2019-20.
The Land now becomes asset of the Society.

However, while preparing the financial statements, neither the Managing Committee nor the Auditor considered this fact to include this land as an asset of the Society. There are few more assets which are also not considered while preparing the financial statements.
When brought it to the notice of both, the auditor is of the opinion that this is a technical error and will be corrected in future years.
My question is that, does this amount to negligence on the part of Auditor? Can it be referred to disciplinary committee?
Thanks

I am not a income tax payee.

During financial year I renewed and partially made fresh FDRs Total amount Rs 13 lacs. All amounts are transferred from old FDR or SB

The amount is being shown in AS26 form as SFT by bank. The interest earned is also being correctly reported.
Should I file income tax return

I have LTCG of M/F and Share, and STCG of M/F and Share. So, I need 4 items in ITR-3 or ITR-2 but there are 2 such items to fill-up. How can I add more row on those transactions in new IT portal? Previously, you asked me to search left hand side in CG sheet but there is no such in the portal. Kindly send me your direction. Regards, Tarak Kumar Roy

Sir,

I have deposited 3 lakhs in a co op bank for 1 year from 18-8-20 to 17-8-21. In 26 AS the co op bank has shown interest from 17-08-20 to 31-3-21 as paid to me in 26 AS. I was made to account the amount as received in the returns for assessment year 21-22 though I had received the amount on 17-8-21 along the principle on maturity. Please advice me what to do and is it standard practice to show the amount as paid with out paying.

Nageswara rao

Dear Freinds & Professionals,

My company has not deposited the july month PF & ESI..so i want to know the practical steps to file The monthly PF-ECR & ESI-Return with interest..?
and 7Q and 14B which are showing on portal are not showing july month interest and damage charges till this date so how to fix this problem..and same problem on esi portal please suggest practical steps of portal step wise.

Thanks in advance.

In case of contribution of VPF above 2.5 lakh after april 2021, only interest or interest plus maturity is taxable:
1. Whether only interest earned over the contribution above 2.5 lakh is taxable or
2. Alongwith interest maturity will also be taxable

Dear sir,
One of my foreign subsidiary make full payment against invoice raised by our complany. And deposit withholding tax to Saudi arabia government from its own pocket. They issue certificate of withholding tax from tax authorities of zakat and tax. Now can we claim input of withholding tax in any way in my ITR ? And what other supporting documents required for the said purpose?

Dear Sir/ Madam,

Due to oversight E-invoice was not generated for one of our July 2021 Transaction.
Can we generate it now ?

Please advise.

Thanks

If we are paying the csr liability during the FY 2021-22, CSR is calculating on average of 3 years profit.
My querry is which 3 years I have to considerd, 18-19, 19-20 & 20-21 or 17-18, 18-19, & 19-20. Please reply