Taxability of Salary and Other Income for Seafarers
Taxability of Salary Income As per Section 5(2), the total income of any financial year who is a non-resident includes all the incomes from whatever
Rohit Pithisaria 19/05/2021
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Taxability of Salary Income As per Section 5(2), the total income of any financial year who is a non-resident includes all the incomes from whatever
Services provided by the hotel is a taxable service in GST. The place of supply will always be the state/union territory where the hotel is
As per Section 139(1)(b), every individual, if his total income exceeds the maximum amount which is not chargeable to income tax shall file his return
Residential status is the most important concept for income tax applicability on seafarers. It is required to find out for every financial year to compute
Non-resident seafarers are allowed to have various types of bank account as follows: – Non-resident Ordinary Account (NRO) It is a rupee-denominated saving account for
Introduction Composition scheme under GST law is for small businesses. This is to bring relief to small businesses so that they need not be burdened
In case of death of sole proprietor and business is continued by any person being transferee or successor, the input tax credit which remains un-utilized
A registered taxpayer may change its constitution vide sale/ amalgamation/merger/demerger/transfer of business. In such condition registered taxpayer has available matched Input Tax Credit (ITC) in
New standard procedures issued by the CBIC requires the proper officers to issue a notice under GSTR-3A within 5 days of due date of return.
Introduction The GST Act does not define anything like Inverted duty structure. The term ‘Inverted Tax Structure’ refers to a situation where the rate of
In this article, we will discuss about the applicability of GST on Rental Income from renting the commercial property as well as residential property, and
Introduction As per the GST Act, Cab services are taxable services. When services are provided via cab aggregators like Ola or uber then also GST
Sometimes we are required to make the changes in the TDS challan paid. Department has provided various ways in which you can make the changes
Applicability Section 194IA is inserted by Finance act 2013 and is applicable from 01st of June , 2013. A person who is purchasing any immovable
A complete guide to file form no. 61, 61B and 15CC. The use of these forms are Form 61 – Filing of details regarding form
Legal representative/heir of the deceased person is require to file the income tax return on his/her behalf. In most cases, spouse or eldest son/daughter assumes
Deductor can request a refund for excess TDS deposited by him via TRACES for the financial year 2007-08 onwards. An online utility is available for
As per Section 195, any person responsible for paying to a non-resident, not being a company, or to a foreign company, any interest (not being