Dear Sir,

My company (pvt. ltd.) want to hire a developer to develop some website work/ software development. So is this comes under the TDS u/s 194C if the work is done through a contract ?. Please guide . The developer is a individual freelancer.

Response ASAP

With Regards

Ajoy Singh

I am based in India and preform freelance work. I create online courses which are mainly enrolled\consumed by students abroad. This would be services and no product is involved

I get paid in USD and use paypal/payoneer to have paid amount tranferred to Bank in India in INR in prevailing exchange rate at that point of time.

Is the above earning taxable or is it considered as export and claim exemption?.

Regards.

Settler's or trustees' contribution to corpus fund is capital receipt and not part of income. But if it exceeds 50000/- in cash, will it be covered under sec 56(2) and taxed as income from other sources?

My sister aged 38 years passed away recently because of cancer. She was single parent of her child. She had no insurance policies. I came to know that in case of accidental death, government gives ten times of average of three years ITR. Is there any such type of provision in case of death by illness too? She had interest income from loans given to three firms. There is a flat booked in her name in Vikas pradhikaran and all instalment are paid except registry. She pays SIP monthly and ICICI policy annually. What right steps can be taken in the interest of her and her minor child? Please guide us.

Dear sir,

In one import consignment I have late submitted my import evidence to bank as I have received import documents late in turn late clearing of goods and late submission of the import evidence. I would like to know whether there is any penalty for late submission ( after three months of remittance ) of import evidence to bank after import of goods. if yes how much it is ?

Does salary paid to nri is valid as per income tax act even though tds is dedicated us 192?

private tutor income category salary or others source income?

Respected Sir, I had filed an ITR-4 after the due date but because of certain reason the return was found defective because of which I have received a notice from the IT department wherein I have been advised to revise the return u/s 139 (9). The original return was filed after the due date. Can we make changes in balance sheet and in return while filing a revised return u/s 139 (9) ?

Hi,
We have make the AMC payment to the vendor on half yearly basis. the vendor raised tax invoice on 01..01.2020 for the value rs 106200 for the periods Jan'20 to Jun'20. and accounting entry would be:
Advance ac dr : 90000
CGST Dr : 8100
SGST Dr : 8100
Vendor Cr : 106200
Every month we have cleared this Advance GL and Transfer to AMC account upto 6 months ( Upto Jun'20).
My doubts :
01. They asking payment upto Jun'20 period but raised Tax invoice with GST. Is this correct.?
02. My team leader told, If they raised tax invoice, no need to ask proforma however we have paid GST and they filled GSTR 01 for the value 16200 and we can avail immediately. No litigation issue happened in future. is this correct.? Please clarify me.

One of my clients has invested in SBI Platina policy, Annual premium is Rs 1 Lakh which is Deductible U/s 80C. At the time of the year of maturity, he will get 13.44 Lakhs. SBI claimed that it is covered under 10(10B) and therefore it will be a tax free income. So after receiving the Maturity amount, how shall I show the income in ITR?