normally due dates for individuals is 31st july, but for partners of a partnership concern which is liable for tax audit,will the due date be 30th september,i;e due date of the firm, as the partners personal details cannot be finalised until the tax audit of the firm is completed. also if we file the individual partners return by 30th september, whether they will get the benifit of carrying forward the losses if any for the further years.
I am from India and filing income tax returns in india and my son is studying abroad , I want to know that tuition fee paid for his study is liable for income tax relief
Total Monthly house rent is 40000 rs … Yearly it amounts upto 480000rs … generally this kind of income draws a tax of 20%. is this payable or house rents are exempted from Income Tax rules ?
As Military Engineering Services is not paying us the service tax, rather till this date they are not paying.
Owner of the property is more that one i.e. 6 people are owner of the one property. The collectively received rent above 8 lakhs for a year i.e Rs. 12 Lakhs. Out of that Individual received Rs. 2 Lakhs per year. Whether Individual liable to pay service tax on Rs. 2 Lakhs for a year?
As the end user of my service is a foreign country and the remittance to india are in USD and same is not being transfered outside india, am i exempted from service tax.
Am i liable to pay any spl tax(in addition to income tax) when trading with money I got from foreign?
People with similar situations, please suggest.
How will i come into the category of NRI when I am not out of the country
I didnt mention that the source I get money from is not a relative, but friend…will there be any prob?