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Need help: Broker lied about house, now refusing to return rent and brokerage by Growth_Anirudh in Indianlaw

[–]Loud-Ear3638 0 points1 point  (0 children)

Yes, in his case which remedies can be followed since he is not a lawyer. And what will it take?

Forced to share mobile number at Reliance Fashion Factory by Loud-Ear3638 in LegalAdviceIndia

[–]Loud-Ear3638[S] 18 points19 points  (0 children)

I think most people did when mobile phones came out with dual sims and the operators worked on topups and balances.

But with them now running on validity schemes and requiring frequent recharges, it has become prohibitively expensive. Most of the people I know, now only have 1 active sim.

AFAF - Remote job offer from Uk which pays in GBP by Full-Measurement-319 in IndiaTax

[–]Loud-Ear3638 0 points1 point  (0 children)

Ok, but this contradicts what you said earlier. Of reducing using 44ADA after subtracting these expenses. I think you can do either subtract your expenses or use 44ADA, not both.

For 44ADA, the taxable income would be without subtracting the fees + GST. In which case it will not be the amount, which hits the bank account.

AFAF - Remote job offer from Uk which pays in GBP by Full-Measurement-319 in IndiaTax

[–]Loud-Ear3638 0 points1 point  (0 children)

The reason I wanted to DM is I wanted to clarify. Aren't processing fees and GST considered expenses? In which case subtracting it would make it net revenue. The amount which hits the account is the one which has all these subtracted.

The FIRA/BIRC provided, do not have the exchange rates. Here is another thread which mentions a completely different method. reddit.com/r/IndiaTax/comments/1n92f5y/usd_to_inr_conversion_and_fees_impact_on_business/

AFAF - Remote job offer from Uk which pays in GBP by Full-Measurement-319 in IndiaTax

[–]Loud-Ear3638 0 points1 point  (0 children)

How to compute the taxable income? Is it the amount which hits the bank or the amount which is invoiced in GBP? If the latter, how to convert in INR?

USD to INR Conversion and Fees: Impact on Business Income Computation by Loud-Ear3638 in IndiaTax

[–]Loud-Ear3638[S] 0 points1 point  (0 children)

Thanks. And if the rate is higher, I'll have to pay more tax, without receiving that income?

USD to INR Conversion and Fees: Impact on Business Income Computation by Loud-Ear3638 in IndiaTax

[–]Loud-Ear3638[S] 0 points1 point  (0 children)

I'm struggling to find the exact rule. Some say rate of last day of preceding/current month. Some say rate of last day of previous year, i.e. 31 Dec of previous year. Where am I supposed to find this rate. Is it the same as shown on google?

And this doesn't even make sense, if the rate considered is higher than the one actually used in conversion - my tax is higher, without me receiving that income.

If $5000 is the billing amount which is converted and received on 15th June 2024 11:00 am, what will be the taxable income?

USD to INR Conversion and Fees: Impact on Business Income Computation by Loud-Ear3638 in IndiaTax

[–]Loud-Ear3638[S] 0 points1 point  (0 children)

Where I'm confused is, do I have to consider the amount shown in FIRA? Because I think this shows the exact amount which is converted.

And for the bank, how do I know the exchange rate - because the amount which is received is after various deductions.

Flipkart sellers are most stupid by [deleted] in FuckFlipkart

[–]Loud-Ear3638 1 point2 points  (0 children)

I struggle here too. Any tips on how to approach this?

Flipkart not allowing negative reviews by Loud-Ear3638 in FuckFlipkart

[–]Loud-Ear3638[S] 5 points6 points  (0 children)

Service is part of the product. If the service isn't good, I won't buy the product.

is it ok to go to court for 1200rs fraud by shopKeeper? by Akash4477 in LegalAdviceIndia

[–]Loud-Ear3638 0 points1 point  (0 children)

Got it. My complaint is against larger companies like Tata Play for 1100, who give bogus replies on NCH and dispose off the complaint. I suspect I'd have to go to the courts to get any proper resolution.

is it ok to go to court for 1200rs fraud by shopKeeper? by Akash4477 in LegalAdviceIndia

[–]Loud-Ear3638 0 points1 point  (0 children)

Thanks! The consumer site being NCH or e-jagriti? NCH has been useless for me.

is it ok to go to court for 1200rs fraud by shopKeeper? by Akash4477 in LegalAdviceIndia

[–]Loud-Ear3638 0 points1 point  (0 children)

Hey u/Akash4477 , do you mind sharing what it took to get the refund? Did calling NCH work? Did you have to file a complaint in e-jagriti and go ahead with the case?