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00:00I
00:29started with 184E and 184LB, Infrastructure Dead Bond, LC, Indian Company, Bond and Government Securities
00:59or any other payments.
01:00Okay, not power under this will also be falling under this.
01:04Now, we will start with 186A.
01:09As per section 186A, in respect of the income from units of non-residents, non-residents
01:15hold 3 units.
01:17Okay, if you are tax payer, payee being non-resident individual or foreign company, payee anybody
01:24in India, they will pay you.
01:25Payment is for the mutual fund or specified company under section 10 plus 23T, trust
01:32of the mutual fund.
01:33So, trust mutual fund, if you are taxed, you are taxed.
01:34If you are taxed, you are taxed, you are taxed.
01:35So you don't want to worry about that.
01:36So trust mutual fund, it doesn't column the income payee by the unit fold.
01:38So trust mutual fund, if you are taxed, you can pay on the unit fold.
01:4220% will be tax rate plus hercharge and health and education stress will be available and no tax detection if you need of unit trust of India unit trust of India
01:55unit trust of India where the amount is deposited using the foreign currency remittances foreign currency
02:09that is not applicable where the DTIA is applicable double taxation avoidance agreement will be final taxable back
02:28the amount is credited in India upon the payment released which is earlier so it is normal last case is normal payer payee is normal payee maximum non-resident individual or foreign company or foreign
02:42income from other units ok any person responsible for making this one especially in the case the 194 B were both offshore fund non-corporate non-resident as well as foreign company offshore fund
03:00payments contract and the case is left on the funding deposit contract payment payment in the income from unique sarcasm referred under section 115 AB long-time capital gains on the transfer of such units in the
03:12okay income as well as this one as well as the TTI state 23rd July month in the 10% in the 12.5% in the TTI state and credit will be the same way payment or credit whichever
03:24is earlier which is earlier will be considered okay credited or paid whichever is earlier
03:31now 196 C on TDS on income from foreign currency bond or shares foreign currency FCB or shares
03:43changes in the interest tax and Portage
03:47.
03:50any person responsible for making the payment payee being non-corporate non-resident foreign company are
03:54.payee being non corporate non-resident foreign company are
03:55.payee being non-corporate non-resident foreign company is what they can do
03:56either it may be interest or dividend on the bond or GDR are
04:00.
04:01this is Interest and Dividend
04:03TDS rate being as usual 10%, 12% credit or payment whichever is argued to be the data for which it is attracting the TDS detection.
04:15184D is F2Is foreign institutions invested in India with securities to invest and the securities income are taxable.
04:24Payee being F2Is as well as specified fund payment on the income from securities not in the nature of interest and the section 184LD.
04:36184LD . TDS may be 20% general income specified fund on the 10% income plus you can add the surcharge and health education system.
04:47Exemption, no TDSM capital gains from securities, capital gains from securities securities TDSLM and of course DTA is lower of 20% DTA rate applicable to the 186D.
05:00Right. Suppose non-president India will tax cuttie irkonao, cuttala, appanam ebdi nama record pannu koro.
05:09So, for that we have section 160, 161, 163. Foreign lhe rukkara and the non-president india wala representative varun dhaakka,
05:18avar moolah makhna metta klaam. Agent as representative ascee. Agent becomes representative.
05:24An agent of a non-resident including those under section 163, agent of non-resident ok.
05:30Is treated as a representative ascee for the income tax of non-resident.
05:34The representative ascee is liable for the tax in the same manner as the non-resident.
05:47The representative ascee is liable for the tax in the same manner as the non-resident.
05:51representative ascee is liable for the tax. And the duty as a representative as a representative.
05:58Representative ascee is subject to the same duties and liberties as the beneficial recipient.
06:04Non-resident the beneficial recipient.
06:06Indian interest pannaddukkku Indian business pannaddukkku india wala時候 business pannaddukkku
06:10Okei, yawar aalreakklalaam agent of non-resident. A person in India acting onbital of the non-resident can be treated.
06:19Okay, non-resident would be agent, okay, agent of non-resident, a person in India acting
06:29on behalf of the non-resident can be treated, person in India, agent act, okay, includes
06:37and the company would be employees, okay, or wherever there is a business connection
06:42trustees and other handling non-resident income, non-resident income India will handle
06:47and supply, even if you click on the program, have a trust in them, if you click on the
06:55text which is not your own employee, your own company will be president.
07:01The employee must say, an opposite for hearing must be given to the person before treating
07:10them as agent.
07:12If you are an employee, you will need to be an agent representative, sir.
07:20No sir, we will need to be an agent representative.
07:23So, in 160, there is a recovery of tax from NRA.
07:27In the NRA, there is no agent representative.
07:30In the section 160, there is a benefit that has been beneficial,
07:38So, what is the responsibility to do with the agent?
07:43Agent of non-resident, any person in India is acting for him, or employee or if there is any trustee,
07:51if we treat our representative, we will summon someone in the truth.
07:59Exception, exceptions.
08:01The broker in India is dealing through a non-resident, okay? Non-resident broker is not considered.
08:08Okay, India is a broker, a foreign broker is a broker, a broker is a broker, a broker is a broker,
08:13but India is a non-resident. Rooted through this broker to this broker and non-resident is a broker,
08:18the broker is an agent.
08:21Okay, one employee, third party, you know, agents, actions, and actions.
08:26You know, sir, I am sorry, sir, I have to do it.
08:42You know, the broker is a broker, you know, the broker is a broker.
08:47Retained from funds in possession. Retained from rights. Can seek a certificate from
08:54Assessing Officer, there is a disagreement on the amount to be retained. It is the amount
09:00retained for the certification. Disagreement on the amount to be retained. It is the disagreement.
09:06Section 173, Recovery of Tax from Assets of Non-Resident. It is the representative
09:24of the assets in India. The assets are seized. Tax can be required from the non-resident assets
09:33in India. And recovery of tax via international agreement. So, foreign country as well as
09:40India. Okay. Here is the Exit of Non-Resident. And here is the Sambhajj Sir, if you are
09:46required from the foreign country, Indian government agreement. Sir, if you are required from the
09:51government, the foreign government will obey and the amount will be collected and deposited
09:55to you. That is what about international agreement. Allows for tax recovery in countries with an
10:00agreement for the recovery of income tax enabling actions on the foreign property. And the
10:04property actions are within the foreign government. Provided the foreign government as well as Indian
10:13government should have the agreement here. Is that clear? Now, some calculations for tax-specific
10:21calculation for draw. The total income of a non-resident Indian includes investment income. Investment
10:36income. Okay. Investment income on the 50,000 rupees. It is the tax taken on the 20 percentage. Long-term
10:46capital A&R Nishina 25,000. Maximum in the foreign border tax rate will be 20 percentage.
10:53It is 10 percentage or 12.5 percentage. So, I may consider it 10 percentage here. Okay. Now, what will be the tax payable by him in respect of the assessment? Other income will be
11:13other income. Other income. Okay. So, fund, trust in the
11:20interest, this is the 3rd month, auto fee amount is long-term investment. Long-term investment
11:2310 or 12.5 percentage other investment income. Interest are divided in the middle of the majority
11:27of the year. So, if you are in the middle of the year, you will be able to pay for the tax payable. If you are
11:32adding up to 115 BSE or 520, automatic income. Up to the other income. Up to the other income. Up to the
11:410.2.5 lakhs, 0.2.5 lakhs, nil rate, 2.5 lakhs, 2.65 lakhs, and the 15,000, 5% will be tax
11:57leviable, probably 750. So, here is 750, 50,000, 20%, 10,000, long time to have to gain 2,500,
12:08I request you to go for 12.5% also, if the date is not mentioned, we assume that the transaction
12:13happened on or after 23rd July, if you mention to mind, the 12.5% will be taken, total tax
12:20being 13,250, of course, you have to add health and education says that the rate of 4% on this,
12:28530, okay, total tax leviable being 13,780. Let us now go for the next illustration, Adeyam
12:48salary, next illustration. Income from business A to 80, long term capital gain
12:58in the long term gain, only loss, of course, this income from business B can be set off here,
13:05and slowly minus, but usually income from business, firstly, business set off, okay, income from
13:12other sources A to 80,000 rupees, from B minus 10, so, 2,70,000 rupees. Apart from that,
13:32we have been given long term capital gain, 10,000 rupees, long term capital gain, 10% or 12%, sir,
13:38yes sir, yes sir, you set off, you set off long term capital gain, cut off, but you set
13:45off business income 2.7, which is 30 percentage, but long term capital gain, 10 or 12.5% taxable,
13:54if it is falling under the specific rules, otherwise, 20% long term capital gain will be applicable
13:58here, so, you have to understand that, so, we use it differently, okay, so, other long term
14:05capital gain of that, 20% on the tax level rather than 30. Income from other sources,
14:09kambi tax cutter mario, income from other sources being 30,000 rupees, clear, so, total value
14:15being 3,10,000, where in the direction is similar, tax liability after rebate 87,000, right, rebate
14:26and is not applicable, this rebate is not applicable, as is being the non-resident, no rebate
14:33is applicable, no rebate is applicable, no rebate is applicable, so,
14:38so, if you want to know, in the rent income, you need to know, you need to know,
14:46smart, smart individual, what is non-residents, individual, individual, long term capital gain
14:51you need to be taxed, 20 percentage or 12.5 percentage, mention but you have the latest
14:5812.5 percentage of portfolio, in the 10,000, 20 percentage, putting on 2,000 rupees, and
15:05other income, other income on the 230, 70 plus 30, 280,000 rupees, you know that, up to
15:130,000, 2.5, you have the tax rate, 0, 2.5, 2.8, 5 percentage, up to 30,000, 5 percentage,
15:23up to 1,500 rupees, okay, 1,500 will be the tax on the other income, if you are shifting
15:30out of 115 BSE, 115 BSE, up to 3,000,000, no tax, long term capital gain, latest provisions
15:40amendment, 12.5 percentage, okay, so, 3,500 plus health and education, says, 4 percentage,
15:50140,000, okay, other income, 3,000,000, sorry, this one, 50,000, 5 percentage,
16:1725,000, so, the total tax being 4,500, 4,500, 5 percentage being 225, 225, 21,000, 7, 25,
16:4425,000, round up for Nikla, 2,000, 1 second, yeah, 180, sorry, this is 180, yeah, 4,500, this
17:11is 180, the total value being 4,680, but latest amendment, 12.5 percentage, suppose, if he
17:18adds 115 BSE, up to 3,000,000, so, it is 0, so, 12,500, 12.5 percentage, put 1,250, so,
17:281,250 will be the value, and the 1,250 health and education says 4 percentage being 50, so,
17:35the tax pay will be 1,300, okay.
17:37Now, Mr. Crown, a non-resident, gives you the following information for the year ended 31
17:38March 2025.
17:39Interest on government securities income from other sources level.
17:40Now, Mr. Crown, a non-resident, gives you the following information for the year ended 31
17:46March 2025.
17:47Interest on government securities income from other sources level, no?
17:4821,000.
17:49Interest on government securities income from other sources level, no?
17:5021,000.
17:51Interested.
17:52Dividend on shares of foreign company received abroad.
17:53So, your non-resident, non-resident have become both the dividend received abroad, is a 5,000,
17:54$5,000.
17:55Now, Mr. Crown, a non-resident, gives you the following information for the year ended 31
17:56March 2025.
17:57Interest on government securities income from other sources level, no?
17:5821,000.
17:59Interested.
18:00Dividend on shares of foreign company received abroad.
18:01So, your non-resident, non-resident have become both the dividend received abroad, is
18:18a foreign income, not taxable in India.
18:25Interest from deposits in Indian company.
18:27Interest in government securities, company deposits, rendiment taxable in India.
18:38Income from horse races in India, okay, horse races, okay.
18:48That is also taxable at a flat rate, total amount being 71,000 gross total income.
18:59He has donated a sum of his 10,000 to Municipal Corporation of Delhi for promotion of family planning.
19:05So, if you are interested, 100% of such amount, okay, and restricted to 10% of adjusted total
19:14income.
19:15Okay.
19:16Adjusted total income on this one, whichever is lower, other 100% are written in India,
19:22deductions claim under section ATG.
19:25Deductions complete away, inter-illapotage, and use funding.
19:29He has paid 2,000 by cheque to New India and Assurance Company for Medi Claim for himself.
19:36ATD le Medi Claim Policy vangke vandhal adhukala premium mani is a fraction of the claim.
19:41Up to 25,000 varikyum.
19:43But here the value is only 2,000.
19:46ADG nama kadeise gandruti claim.
19:48He also spent 16,000 on medical treatment of his minor son, who is physically handicapped.
19:53So, ADDD, physically challenged, depend and disabled, okay, but non-resident are both not applicable.
20:02Resident is applicable.
20:04And ADG detection.
20:06ADG detection.
20:07ADG detection.
20:08ADG detection.
20:09So, ADG look at the adjusted total income of that calculate the income.
20:11Now, gross total income low, is no cost.
20:1471,000.
20:15Special income low, is no cost.
20:16Special income low, is no cost.
20:17Special income low, is no cost.
20:18Special income, which is 111 A, 112 A, and long-term capital gain, taxed at different rate.
20:22111a, 112a and long term capital gain taxed at the different rate as well as any other
20:30dividend like.
20:31Subtract Pantikna plus minus any deduction in the section 80 series, 80 series 80 D
20:37is there.
20:38Subtract Pantikna 69,000 will be the adjusted total income.
20:46So whichever is lower of, number 1, donation.
20:51Donation being 10,000 second 10 percentage of adjusted total income, now 10% is 6,900.
21:03Okay.
21:04Family planning in OVB, in the ready cases, 100% deductions claimable, 50% claimable, so
21:15100% claimable, 100% deductions, this being 6,900 can be deductible.
21:22So in the ready number of deductible, 62,100 will be the final, is that clear?
21:28Now let's move on to the next one.
21:29Roger, a foreign national furnishes the foreign data for the previous year 31st March 2015,
21:3525 ended.
21:37Royalty from Indian concern under agreement made between this PPA occurred by them being
21:4430,000,000.
21:46Okay.
21:47Okay.
21:48Okay.
21:49Okay.
21:503,000,000.
21:51Okay.
21:52Okay.
21:533,000,000.
21:54Expenditure as per section 28 to 44,7 to 1,9.
21:57See, royalty income level 115A will be applicable, section 115A will be applicable in the case
22:17there.
22:18Upon the end of the deduction sum, deductions under section 28 to 44,1,9, section 57 income
22:24from other sources.
22:25Direction under section 87 is, yedhu main yinke claim banam moodyem, the entire 3,000,000
22:29will be taxable.
22:30Interest from Indian company and money led in foreign currency, 11,000,000.
22:35So this will also be taxable, 115, 115A.
22:40So 115A one the strong puniting head, 115A varam boodhu, interest and fee for technical services
22:47and royalty varam.
22:48You understand?
22:49So idh allatik me, yinke vandhu end of the deduction sum claim banam moodyem, yinke
22:54end of the deduction sum claim banam moodyem.
22:55Expediture on collection of the above is not qualifiable in the rent home.
23:00Gross sales of the business is this one and this is 28,000,000 is the expenditure related
23:05to the business between deductible restriction 28 to 44,7.
23:08Of course idh anyke dedeck panam moodyem.
23:10Donations on the ATG learning dedeck panam moodyem.
23:13First, we will start with the PGPP.
23:15PGPP gross revenue 30,000,000 gross revenue being 30,000,000.
23:26Minus expenses deductible under section 28 to 44,000,000,000.
23:31So, 2,000,000 is the PGPP income and royalty income under section 115A fully taxable without
23:41any deductions 3,000,000 and interest also fully taxable under section 115A without any deductions
23:50which is 11,000,000.
23:52Overall, you will have 16,000,000.
23:54Of course, you know that in the rent income, 80 series will not be applicable.
23:5980 series will not be applicable.
24:0180G learning dedections claim banam moodyem.
24:03Prime Minister National Grid posting minister 100% claim banam moodyem.
24:08Is that okay?
24:09So, 100% of 6,000,000 can be claimable but in the rent eligible career.
24:14Sorry, interest you can eligible career once again.
24:17I just stand corrected.
24:18For royalty, of course, 80G will be applicable.
24:19Okay.
24:20For this, the 80G will not be applicable.
24:21Clear.
24:22Now, in the rent income, 80G's donations claim banam moodyem.
24:23Donation.
24:24The donation in this case being 6 lakhs but restricted to only 5 lakhs then the taxable income
24:42being 11 lakhs.
24:44So, with that NRI is completely over.
24:49We will see all the crispier notes.
24:51You can see the notes.
24:52You can see the notes.
24:53The device is completely over.
24:54So, with that NRI is completely over.
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