S
Subhasish Banik
Can the book value of an apartment in the firms name increased after depriciating for last 6 years?
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V
Vinod Kumar
Hi
I'm an employee of Enterprise(Permanent Establishment) in Singapore for FY 2020-21. I came to India around June 2020 and has been in India because of restrictions on International Flight. So I've stayed in India for more than 9 months in FY 2020-21
I've received salary in Singapore Account by Singapore Enterprise and was part of
I wanted to understand if I have any tax liability in India on the Income received in Singapore?
Also I can understand from Article 15(2) of DTAA between India and Singapore(mentioned below), I do not satisfy 2(a)
------ Article 15 of DTAA between India and Singapore -----
2. Notwithstanding the provisions of paragraph 1, remuneration derived by a resident of a Contracting State in respect of an employment exercised in the other Contracting State shall be taxable only in the firstmentioned State if:
a. the recipient is present in the other State for a period or periods not exceeding in the aggregate 183 days in the relevant fiscal year; and
b. the remuneration is paid by, or on behalf of, an employer who is not a resident of the other State; and
c. the remuneration is not borne by a permanent establishment or a fixed base which the employer has in the other State
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You can book consultation with expert for same at: https://www.taxontips.com/tax-notice-personal-consultation/ and also look into recent circular by CBDT on same matter at: https://www.taxontips.com/relaxation-in-residency-rule-due-to-covid-19-restriction-for-fy-2020-21-form-nr/
Apparently your salary would be taxable in India.
P
Priyamvada Shende
In Form 26 QB Correction – Acknowledgement, at the bottom under Note, it reads as under;
1) Please furnish Form 26 QB Acknowledgement to your Jurisdictional Assessing Officer after other PAN(s) Approval.
How to know who the Assessing Officer is? Can I email the signed copy?
K
Kanakaraj
Hi sir I am having a jewellery shop I want to know how much I can deposit cash in bank after the cash sales to party below 2 laks each person
P
Pawan
I am a main borrower of home loan and my wife is co-borrower. I am paying 100% loan amount, can i get 100% tax benefits?
If you are the co-owner of the property also then you can claim 100% of the tax benefits. For more information please connect with us at ca.pujasharma@outlook.com or +91 94615 28592
CA Bharat Kumar 3 Mar 2021Yes you can claim. but make sure that another co borrower (wife) is not claiming it. For more info contact 9941188551 tlctaxfiling@gmail.com
