India

I wanted to know, if I take up a software consultancy job with a US based company, and have to go back to India to work from there, what are the tax implications if I need to work from India in a US firm(which has no office in India). Also is it legal to carry out this job? If not, what are my options?

2006-10-30 16:20:21 · 1 answers · asked by seno 1

I have taken a Home Loan for an under construction property and have been paying EMI with interest and principal payments since April 2006. Since i am yet to take possession of the House, can i claim the tax benefit on the interest and principal components in this Financial Year?

2006-10-30 16:03:28 · 3 answers · asked by Bharat S 1

I am a US citizen of Indian origin residing in India for the past 5 years. I would like to repatriate earnings made in India back to the US. Can I do this? If so, how?

2006-10-30 10:04:40 · 4 answers · asked by vjanand 1

up to what limit is income tax exempted on agricultural income in india for 2005-2006

2006-10-29 21:16:48 · 4 answers · asked by daman 1

Term is related with income tax.

2006-10-29 17:32:29 · 4 answers · asked by Anonymous

at present such bonds are not available

2006-10-29 06:17:35 · 1 answers · asked by passinha 1

2006-10-27 20:26:48 · 4 answers · asked by SACHIN K 1

tell me about the last date of submitting the audited income tax return for bussiness for the year 2005 to 2006

2006-10-27 17:48:34 · 4 answers · asked by sweety_diwa 1

2006-10-27 08:29:52 · 26 answers · asked by vivek g 1

Ive invested in an open ended equity mutual fund (reinvest divident)...but still find it tricky to understand..
a. According to the Indian Tax rules, I believe that a redistribution tax of 12.5% would have to be paid.
b. While my fund does have a entry load, there is no exit load. Further the annual fund cost is 1.75%
c. While my NAV was 56.03 when I bought the units, the current NAV is 62.03 (1 year later).
Therefore my questions are...
1. In case I sell my units now...would the distribution tax, annual fund cost be deducted?
2. Assuming that I have 100 units...could someone tell me in Indian Rs what will be the final amount I get in hand taking into consideration the above NAVs and after all the deductions or tell me how to calculate it?
3. what else do I need to keep in mind while selling my units in order to get a profit on my initial investment

2006-10-27 07:06:59 · 5 answers · asked by donkeydo 2

2006-10-25 23:49:01 · 6 answers · asked by Hulas K 1

2006-10-25 23:21:49 · 4 answers · asked by susha 1

I am selling agricultural land in Haryana and reside in Delhi,the receipts i understand are tax free.I sek advice to ensure that proper documentation is done/proper process is followed to ensure income tax hassles now or later on.I want to show actual receipts,an all white transaction.The seller agrees to pay me through bank draft but wants to show lesser price at the time of registration of sale to pay lesser stamp duty.Pse advice

2006-10-25 23:06:15 · 2 answers · asked by yogi_nsc 1

Is any website is providing the service like if i provide my PAN number it should give my contact details.

2006-10-25 22:45:07 · 2 answers · asked by abburi 1

In my view it is Rs. 24000 pa. for the family.

2006-10-25 00:16:02 · 1 answers · asked by pk b 1

Loss Gain is in same year say only in security transactions and for current assesement year 2006-07 taxation laws to apply.

2006-10-24 17:46:02 · 6 answers · asked by MARK 1

we have recieved advance towards services but we have raised only one invoice(out of 5)

2006-10-24 04:14:07 · 3 answers · asked by srinivas 1

Would the interest paid towards a home loan come within the 1 lac slab or is it deductible under a different section apart from the Deduction of upto Rs.1lac.

2006-10-24 00:49:05 · 4 answers · asked by Ramani S 1

2006-10-23 23:46:42 · 5 answers · asked by SUDIP A 1

how much time the process will take time in india

2006-10-23 21:02:09 · 7 answers · asked by sajan 1

My annual salary is INR 1,44,000. I am paying INR 5400 towards repayment of education loan (interest and principal combined), starting from May, 2006. The repayment period is 48 months. I have no savings except an LIC policy with a monthly premium of INR 200. My employer gives no HRA but I am paying INR 2500 as rent. Will I be able to save the entire tax amount of INR 4400?

2006-10-23 00:27:01 · 4 answers · asked by Manu 1

2006-10-22 23:06:33 · 3 answers · asked by Ranjith George 1

2006-10-22 19:08:21 · 6 answers · asked by abhikdas27 1

2006-10-22 18:06:21 · 2 answers · asked by G. D 1

plz send me some info or some background infor on which i can built to write an article whether presumptive tax is a blessing or a curse?

2006-10-22 05:33:59 · 1 answers · asked by loose_control452 1

2006-10-21 16:04:51 · 6 answers · asked by wideworld 1

2006-10-21 10:18:48 · 3 answers · asked by Anonymous

2006-10-20 21:37:42 · 4 answers · asked by atoz_accounting 1

Main concern is how the income under various categories is interpreted ? for example: Paid surveys, Paid to click,paid to read emails, Paid forums etc...each one of them represents a different concept in generating on line income.

In continuation: The internet expenses, antivirus protection, software,land line rent r these deductible as allowable expenses for calculating the net income ?

2006-10-20 21:20:43 · 3 answers · asked by sarvam 1

If a NRI is trading commodities on Indian echanges, is it possible to suppliment losses with transfers of capital from US accounts? Is it possible to transfer profits on such trading from Indian clearing account back to US account?

2006-10-20 00:50:55 · 3 answers · asked by chase66 1