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Sri
If i trade forex ( INR pairs only ) with international forex broker then can i file ITR for the same ? Can i furnish trade details from international broker account for ITR ? Any points to keep in mind and tips plz ?
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Nyadav
Hi, Brief on our current structure : Indian entity registered as subsidary of U.S registered company.
3 employees resident of india are on payroll of Indian Entity working remotely.
Now from April they shutting down indian entity and making all 3 indian resident employees as direct employee of U.S registered company, working remotely from India.
For employees what will be benefits and issues.
One thing they communicated is we will have to handle Taxation of India at individual level...Just wanted to understand new process...Currently we give investment proofs to indian employer and they deduct tax and file that to govt...Then using that form16 we file our income tax returns .
How all this will change in new employment model in which we are employee of U.S entity ?
Please guide further on this.
Right now we have option to object on this proposal if many issues.
Thanks, NYadav
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Hi Mr Yaday. Kindly connect on 9830375894/ canavinjain1@gmail.com for professional advice on the above subject matter.
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Ps
I have a capital gains of 6 Lac in FY 20-21 and F&O loss of 9 Lac. Can I set off this 6 Lac capital gains against F&O loss and carry the remaining 3 lac loss forward
There are case laws which prohibit the carry forward and set-off of loss from F&O transactions stating share derivative transactions carry the character of speculative transactions for section 73 and any loss arising therefrom will be characterised as loss from speculative business.
For more info contact at ca.roomi12@gmail.com or call at 9216216819.
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Saurabh Devendra
Can I gift Rs. 20 Lakh to my son so he can make a partial payment on his home loan without him being assessed any tax? What is the procedure of doing so? Can I simply amount into his saving account so he make the payment to his Home Loan Company?
Yes you can do .For more info contact at ca.roomi12@gmail.com or call at 9216216819.
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Hrishikesh Lavhare
Hi, I have bought a flat in Pune of amount 57,39,210. My agreement date is 16th Dec 2020. I have paid own contribution of Rs 18,98,023 at different times till Dec 10. I have created a loan of 43,00,000 out of which first disbursment paid 18,20,984 to builder on 27 Jan 2021. While filing my Form26QB i.e. TDS on property purchase, What will be my date of payment and date of tds deduction?
Sec 194-IA deals with TDS on sale of immovable property. Under this section TDS is to be deducted @1% at the time of credit of such sum to the account of the transferor or at the time of payment of such sum whichever is earlier on sale of immovable property.
For more info contact at ca.roomi12@gmail.com or call at 9216216819.
