Oh ! What Tax Solutions Are You Searching For ?

Answers
Views
Question
1
answer
32
views
asked 1 week ago by newshound
updated 1 week ago by Prashant Thakur
Category: penalty
1
answer
22
views
asked 1 week ago by SAURABH SRIVASTAVA
updated 1 week ago by Prashant Thakur
Category: TDS
1
answer
17
views
asked 1 week ago by satyauto
updated 1 week ago by Prashant Thakur
1
answer
10
views
asked 1 week ago by SUSHMA RAJGARIA
updated 1 week ago by Prashant Thakur
0
answers
42
views
asked 2 weeks ago by Laxmi Narayan Bhattad
updated 2 weeks ago by Laxmi Narayan Bhattad
Category: Capital Gains
1
answer
21
views
asked 2 weeks ago by N Sumithra
updated 2 weeks ago by Prashant Thakur
Category: FEMA
1
answer
20
views
asked 2 weeks ago by Sanjeev Khurana
updated 2 weeks ago by Prashant Thakur
Category: Capital Gains
0
answers
14
views
asked 1 month ago by Mousumi Chatterjee
updated 1 month ago by Mousumi Chatterjee
Category: Capital Gains
1
answer
88
views
asked 1 month ago by Laxmi Narayan Bhattad
updated 1 month ago by Prashant Thakur
Category: TDS
1
answer
15
views
asked 1 month ago by Arjun Nedungadi
updated 1 month ago by Prashant Thakur
1
answer
17
views
asked 1 month ago by Laxmi Narayan Bhattad
updated 1 month ago by Prashant Thakur
1
answer
22
views
asked 1 month ago by Bharat Gherwal
updated 1 month ago by Prashant Thakur
Category: Capital Gains
0
answers
4
views
asked 1 month ago by Kuberan Marimuthu
updated 1 month ago by Kuberan Marimuthu
Category: Capital Gains
1
answer
46
views
asked 2 months ago by Rajiv Zaveri
updated 2 months ago by Prashant Thakur
1
answer
96
views
asked 3 months ago by Prashant Thakur
updated 3 months ago by Prashant Thakur
Category: TDS
1 2 3 12

 

Comments 5

    1. Anonymous

      Navin,
      Even then you can claim HRA exemption or as expense or 80GG. But when A.O asks for proof , you need to prove it. So, it is better you demand a proof or pay be cheque , that itself become a proof.

  1. Amit Seymour

    I have a query on the applicability of TDS on a foreign company. Our
    company (Indian entity) purchases satellite imagery (google earth data)
    from foreign companies outside India(They do not have an office
    registered in India) which is considered as services in India and no
    customs duty is applicable on it. We purchase the data and then resell
    it to customers outside of India without any value addition. So it
    basically amounts to trading of services. Since the customer pays us and
    we in turn pay the foreign companies from whom we source the imagery,
    are we required to deduct TDS on the payment we make to the foreign
    companies? These services come via FTP electronic delivery and hence we provide the server information directly to the customer to download.

    1. FEMA FEMA

      Here the payment is being made to Foreign Company for purchase of satellite imagery (google earth data). In my view the same should be Business Income of the Foreign entity and shall not be taxable in India in absence of Permanent Establishment in India. The ITO may try to cover the same under Fees for Technical Services , however you can take benefit of provisions under sec 9(1)(vii)(b) of Income Tax Act ,1961, which provides that “, except where the fees are payable ………………… for the purposes of making or earning any income from any source outside India “. Here the data is being bought from and sold outside India and you can always rightfully claim that the data being purchased from outside India is for the purpose of earning income from source outside India.

Leave a Reply