Hi All,
I need urgent help regarding 'Previous Earnings' section of Tier 1(G). My earning are coming from two sources which are:
1. Earnings from Business in India
a. A company with a registered TIN number (not a limited company)
b. Two partners (50% partnership)
c. Net profit retained within the company account (I have not taken any dividend from it yet as it just started in August 2010).
d. Net profit of Rs. 1000000
2. Earnings from a salaried employment in UK (TCS).
a. Two components = Indian Salary + UK allowance
b. Gross Salary of £ 30000.
c. UK allowance = ££ 22800
d. Indian Salary = £ 7200
My queries are as follows:
1. What all are the documents which I need to produce to prove my earnings from Business in India? Currently I have the following documents in hand.
a. Business Accounts (Profit and Loss Account and Balance Sheet)
b. Business Bank Statement which is in the company's name.
c. Sales invoices.
2. Do I have to take the dividend out from the company account to my personal account in order to show my earnings or will it be good enough to show the business bank statement?
3. While considering the UK experience section will they consider my UK allowance as well as my Indian Salary?
Please help me on the above queries as soon as possible.
Thanks in advance,
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