Daya

why personal expenses and personal withdrawal , routed through drawing account of Individual and HUF.


Sonal J

We have 40 year old home on My fathers name. Though it son my Fathers name it is joint property of my Father & his 3 real brothers having equal shares which was mutually agreed on basis of internal relation & belief. No all 4 Brothers decided to sell home and do 4 equal shares. They are ok to sell home without converting into their name. So on paper i can sale home and divide in 4 shares as my father passed away recently. AN di am only his legal successor.
For safer side i just to want to know tax liability or any other liability or expense because of this.
I am already employed in private firm and paying Income tax.


Kannan Iyyengar
13 January 2023 at 21:13

Taxation of NRI for Work from Home

My son is employed in US.

He is an NRI.

In the current Financial Year 2022-23, he came to India. His stay in India is covered partly by leave, and partly by Work From Home. His total stay in India is less than 182 days (and more than 120 days).

His leave salary and salary for the Work From Home (India) are credited in his Bank A/c in US.

Salary credited in his US Bank A/c for Work From Home (India), in terms of INR, will be more than Rs. 15.00 lakhs.

He pays income tax in US for the entire earnings.

Clarification may kindly be provided for the following :

(a) What will be his tax liability in India ?

(b) Does he have to file Income Tax Return in India ?

(c) Since he has already paid income tax in US, what is the procedure to avoid double taxation in India ?


aarya
13 January 2023 at 21:06

Can it treat as deemed export'

if a merchant exporter(under LUT) , doing local sale by charging 18 percent GST , and i paid gst from credit ledger balance , is it consider as deemed export.

second question what is deemed export meaning.


SRIRAM S
13 January 2023 at 20:05

TDS RPU version 4.5

When I am running FVU for 26Q it is giving error and not generating fvu file for Q3 return.

Read more at: https://www.caclubindia.com/experts/protean-rpu-4-5-utility-giving-error-and-not-generating-fvu-file-advise-2888354.asp


Tiya Srivastava
13 January 2023 at 19:11

Ugc net percentage not clear

As ugc hsa considered ca cs cma equivalent to pg but for 55℅ marks there is a confusion as it's hard to get 55℅ in these exams also it's not clear that while calculating 55℅ inter plus final will be counted or foundation plus inter plus final or only final exams marks will be taken into account please experts help me. Ugc is not replying not even our institutions are serous and aware about things


ARUN GUPTA

We had made gst sales in 2018 but the party is not making payment to us. Can we reverse their ITC taken by them on our sales. Please clarify?


Sibin
13 January 2023 at 18:11

TDS challan- Book Adjustment

Sir, I want to file TDS return for the FY 2022-23- Q3. The deductor was a government organization and the TDS was deducted by Treasury on behalf of deductor. Payments to Income tax were made by book adjustment not direct payment. The details can be checked in OLTAS BIN. But while matching the amount some amounts shows mismatching with our ledger. How to find the amount made to IT?


Daya

is Provision for depreciation allowable as per income tax.


Sibin
13 January 2023 at 18:00

TDS return PRN

1.I want to file TDS return for the FY2022-23 -Q3. But I didn't have previous PRN no. or TDS file receipts. All the previous returns were filed by a TIN FC. Due to some reasons, we cant ask the receipts from previous TINFC. I only have traces login credentials. For requesting conso file of Q2 PRN/token is asking. For filing in offline using utility "Receipt No. of earlier filed statement " is asking. How Can I get those details.

2. While trying to register TAN in income tax e filing portal it shows an error message like this" "Error : PAN is not found to be linked with TAN. Please get your PAN of organization updated in TAN data through Protean (NSDL) first and then complete your registration on e-filing."