Latest Answers (47,185)
 | Opening LLC in USA as Indian residentHi I am Indian Resident and i want to open LLC in USA, also bank account in USA for my LLC. I want to know am i allowed to do that ? There is no tax in USA for Non US resident... Answered by Vijay N. Kale 9 years ago |
 | Taxes for a US based ecommerce service companyHello, I have a US based service company that will extend its services to India. What are the tax implications for doing business with Indian clients. I will be paying the... Answered by Shyam Sunder Modani 9 years ago |
| Opening LLC in USA as Indian residentHi I am Indian Resident and i want to open LLC in USA, also bank account in USA for my LLC. I want to know am i allowed to do that ? There is no tax in USA for Non US resident... Answered by Shyam Sunder Modani 9 years ago |
| Short deduction of TDS-salaryWhether any short deduction of income tax from employees,subsequently a report is generated and send to Employer. Whether the employer can deduct the short deducted of tds... Answered by Shyam Sunder Modani 9 years ago |
| How can a salaried person claim loss on bad debtsIf I have lent some money to a person and he is now unable to repay, how can I claim it as a loss in income tax returns, so that I avail some tax relief. To give you an example,... Answered by Shyam Sunder Modani 9 years ago |
| NRI tax filing in IndiaHello I am a NRI residing abroad since 5 years with my wife.I have no income in india and also my wife does not have income here.We did not file taxes in india but I understood... Answered by Shyam Sunder Modani 9 years ago |
| TaxI left the company on 12th Mar, I was told full and final settlement will be paid after 45 days. I have so far not received it(it will be cleared on Oct 31 only). But, I have... Answered by Shyam Sunder Modani 9 years ago |
| Transfer money to wife's accountHello I am a NRI residing in Netherlands with my wife.I transfer my savings to a NRE account in India.I wanted to know that If I transfer big sums of money to my wife local... Answered by Shyam Sunder Modani 9 years ago |
| DTAAI spent a couple of months working in the USA in 2014-15 and received US salary I paid Federal and State income tax while I was there Can I claim tax credit through DTAA for... Answered by Shyam Sunder Modani 9 years ago |
| Opening LLC in USA as Indian residentHi I am Indian Resident and i want to open LLC in USA, also bank account in USA for my LLC. I want to know am i allowed to do that ? There is no tax in USA for Non US resident... Answered by Shyam Sunder Modani 9 years ago |
| Opening LLC in USA as Indian residentHi I am Indian Resident and i want to open LLC in USA, also bank account in USA for my LLC. I want to know am i allowed to do that ? There is no tax in USA for Non US resident... Answered by Shyam Sunder Modani 9 years ago |
 | TaxI left the company on 12th Mar, I was told full and final settlement will be paid after 45 days. I have so far not received it(it will be cleared on Oct 31 only). But, I have... Answered by B Vijaya Kumar 9 years ago |
| Non filing of income return - RegI got a notice dated 16/08/2015 with subject "Non filing of Income return - Reg" for A.Y. 2013-14 for non filing of return. In FY 2012-13 I sold a property for 16,00,000/- but... Answered by B Vijaya Kumar 9 years ago |
| How to avoid capital gains taxHi Sir/Madam Me and my brother sold a property in April last year(2014). Now I have heard that one must declare in the IT return this year. I have been looking to buy a property... Answered by B Vijaya Kumar 9 years ago |
| ITR 4 without books of account caseMr. X had professional income of 7L in FY14-15 but has not maintained books of accounts for that year. In last FY 12-13 & 13-14 he filed ITR 4s for his another business income... Answered by B Vijaya Kumar 9 years ago |
| Wrong category chosen in self-assessment taxHi, I have paid self assesment tax in wrong category for last year 2013-14.I should have filled Chalan no 280 but chosen 282 instead. Now IT has raised a demand and when i filed... Answered by B Vijaya Kumar 9 years ago |
| Question regarding fixed depositmy father invested the fixed deposit for past 20 years (slowly he invest now the total amount is 30 lakhs) this year only TDS shown in IT department website. please let me know... Answered by B Vijaya Kumar 9 years ago |
| Regardig house rentHi sir, great you find you here. Question: I am a founder an NGO, running orphanage in rented building for last 5yrs. we now moved to my new house. But we built it with lot of... Answered by B Vijaya Kumar 9 years ago |