Basis your contractual agreement, it will be determined whether you are working as an employee of the foreign company or it is in the nature of business/professional services. The Income Tax return will depend on the same. Further if it is a business income/Professional income GST compliances May trigger if revenue exceeds INR 20 Lacs. For more assistance kindly connect with us at +91-9911744028

You can read about the same here: https://www.taxontips.com/can-a-salaried-employee-show-business-professional-income-and-file-itr-4/ and https://www.taxontips.com/gst-registration-for-freelancers-in-india/

Then book consultation at: https://www.taxontips.com/tax-notice-personal-consultation/
If you want

Hi, will surely assist you in return filing. Kindly contact at +91-9650511176

Please let us know your specific requirement, will assist in that.
For detail discussion pls reach us at ca.rahuldwivedi@gmail.com or 9004485377

Yes, you can contact us at badlaniassociates@gmail.com

Sure book an appointment at caharshittripathi@gmail.com or contact us at 9696059794

You can file your return with experts. Click here to book slot: https://www.taxontips.com/income-tax-return/

Yes you can do so. However, there are certain conditions for procuring funds. For more detail please contact at +91-9650511176

can do so, however what should be the nature of entity i.e. PVt. Ltd co., LLP, Firm etc depends on many things. The important aspect is selection among them to save costing, compliance & tax.
For detailed discussion you can reach me on ca.rahuldwivedi@gmail.com or 9004485377

You can even open partnership or LLP wherein accepting such loan would be easy as compared to company.
To know more book consultation:: https://www.taxontips.com/tax-notice-personal-consultation/

Hi, kindly book an appointment for consultancy at +91-9911744028

Prima facie it looks that you can save the entire capital gain Tax. However will complete details like PP,SP, Year of Purchase etc. etc
You can reach me ca.rahuldwivedi@gmail.com or 9004485377 for detailed discussion.

Hi, need to understand your query. Kindly contact at +91-9911744028

Turnover represent sales value however in your case you are talking about purchase price. In your case Turnover should be NIL. For correct understanding & disclosure you can contact 9004485377

Thanks for response.
What should be WDV in my case?

Both would be Nil as it would fetch the same from ITR and since no ITR filed it will be Nil

Thanks for clarification

Yes you can revise your ITR. For more assistance please contact at +91-9650511176

Yes it can be revised upto 31st May 2021. If you require any assistance you can write to ca.rahuldwivedi@gmail.com or contact 9004485377

You have the option to revise your ITR. However, the needful is to be done before 31st May, 2021. If you need assistance with the same, you may contact us at 9811 89 6771 or mail at camehulagg (at) gmail (dot) com

Yes as of recent updates you can revise that return till 31.05.21.
To read more click here: https://www.taxontips.com/cbdt-extends-due-date-for-filing-belated-and-revised-return-for-ay-2020-21-till-31-05-2021/

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That depends on your business or service which you wish to give via this company and you may consult for Same on canamanmaloo@gmail.com or book consultation at: https://www.taxontips.com/tax-notice-personal-consultation/

You may contact us at 9811 896 771 for guidance. Thank you!

LLP and partnership and partnership firm both have same tax rates no difference on that. Jus the difference is type of entity. You can surely opt for simple partnership if you don't want to fall yourself under more compliances. You can surely contact us in case of further query.

Best wishes for New startup

Kindly contact at +91-9911744028. Will discuss your query and opine you accordingly.

You can take interest paid and home loan repayment certificate from the bank. The certificate will show the total mount of interest and principal paid. Attach your respective savings account statements from where repayment have been paid. This might help you in getting the deduction. For more information, you can connect with us at ca.pujasharma@outlook.com

You can file for condonation for filing late income tax return with the Commissioner of Income Tax. For more information, please feel free to contact us at camehulagg (at) gmail (dot) com or call us 9811 89 6771

Please contact at +91-9911744028. Will assist you in return filing.

Any legal heir may take over the business. If the proprietor was registered under GST law, then its GST has to be surrender, ITC (if any) to be transferred to the person taking over the business, stock to be transferred, if any. For detailed consultation, kindly contact at +91-9650511176

There are legal compliances under the Income Tax Act and GST to transfer the business in the name of legal heirs so that business can be continued. To discuss further, you may reach out to us on camehul [at] gmail [dot] com or call us on 9811 89 67 71