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Question & Answer


R

Rammohan

8 Apr 2021

Hi, I work in European company and due to family health emergency working from India from last Sept 2020, my salary is paid in EURO after TDS in an Salary account in EUROPE, my employeer does not have presence in India and hence asked me to check and be in local tax compliance, Please let me know if I need to Pay / Submit or seek any confirmation from Intian Tax Authority that I need not pay tax in India considering the mode of my employment, one additional point to consider is until July 2020 I was working in an Indian company. Thanks Ram

Replies (1)                          

CA Naman Maloo       18 Apr 2021

You are resident as per Indian income tax act and you might have to pay tax on such income in India.
For more please contact: https://www.taxontips.com/tax-notice-personal-consultation/

T&C apply


G

Gaurav

6 Apr 2021

Hi,
For AY 2020-21, I have received the notification about the high value transaction for saving and term deposit interest rate on compliance portal under e-campaign category.
I have responded on compliance portal and paid the pending tax amount.
But I am not being able to fill the revised return as 31st March 2021 date is over now.
Only option, it is showing is 119(2) or 92cd.
What are the options now?
Should I wait for any notice from income tax or do I need to contact someone?

Replies (3)                          

CA Puja Sharma       6 Apr 2021

You can apply for condonation request and then file your return.

CA Jaya Agarwal       6 Apr 2021

No need to file return. For more details contact 7667559772

CA Naman Maloo       18 Apr 2021

Read here: https://www.taxontips.com/received-high-value-transaction-message-for-fy-2019-20-but-cannot-do-anything-as-no-revised-return-can-be-filed-now-lets-discuss/

T&C apply


S

Shoheb Ali Bhutto

5 Apr 2021

I m taking distributorship of packaged drinking water bottles.
So want to know which licence is to be taken for starting the firm for distributorship other than GST.
Kindly guide me is sny other license required to be registered other than gst.

Replies (1)                          

CA Yash Jain       6 Apr 2021

1.Fssai License
2.BIS Certification Mark to manufacture/sell/exhibit packaged driniking water.
3.Packaging and labelling act

T&C apply


R

Ryan

5 Apr 2021

Is pan number required in provitional balance sheet?

Replies (2)                          

CA Puja Sharma       6 Apr 2021

No, if that is for bank loan purpose, then PAN is not required.

CA Jaya Agarwal       6 Apr 2021

No, but if they want computation, then it is required. For more details contact 7667559772

T&C apply


M

Maya

5 Apr 2021

Hello, I do not want to disclose my account balance to my CA, so is a bank statement required for filling income tax or just an interest certificate for the year is enough ?

Replies (3)                          

CA Puja Sharma       6 Apr 2021

You can give the interest component of saving bank account to your CA. For more information you can connect with us at ca.pujasharma@outlook.com

CA Jaya Agarwal       6 Apr 2021

Interest certificate with bank details is enough, if there is no business income

CA Jaya Agarwal       6 Apr 2021

For more details contact 7667559772

T&C apply