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Question & Answer


N

Nupur Kinger

28 Dec 2020

I am a freelance contractor, an Indian citizen and living in Thailand. I receive my income from a US-based company in USD which I transfer to my Indian account in INR. How should I file my income tax returns?

Replies (2)                          

CA Naman Maloo       3 Jan 2021

If you live in Thailand you must be non resident in India.
You can book consultation for same: https://www.taxontips.com/tax-notice-personal-consultation/

CA Navin Jain       5 Jan 2021

Please connect on +91 9830375894/ canavinjain1@gmail.com

T&C apply


P

Prasanna

27 Dec 2020

I have 2 self occupied flats with ongoing housing loans. how to get tax benefits from both flats?

Replies (1)                          

CA Naman Maloo       3 Jan 2021

You can take benefit of upto ₹2 lakh for both house combined

T&C apply


G

Ganesh

27 Dec 2020

I bought my first apartment in Bangalore In Dec 2019. I was not able to move in till Sep 2020 due to the COVID situation and labour migration issues. I was staying in a rented accommodation till end of September 2020. Is there a way of claiming both HRA as well as interest from housing loan as deductibles.

Replies (1)                          

CA Naman Maloo       3 Jan 2021

Yes you can

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K

Kashif Khalid

26 Dec 2020

I am a freelancer and I earn from foreign clients via PayPal and direct bank transfers. If my income exceeds 5 lakh should I really submit IT forms or I should not get into it yet unless my income becomes double and triple than it?

Replies (2)                          

CA Naman Maloo       3 Jan 2021

If your income is above ₹2.5 lakh you have to file return of income.
You can read more here: https://www.taxontips.com/who-needs-to-file-income-tax-return-or-who-should-file-income-tax-return/

CA Navin Jain       5 Jan 2021

Please connect on +91 9830375894/ canavinjain1@gmail.com

T&C apply


P

Priyamvada Shende

26 Dec 2020

I am a salaried individual with no other income.

I missed filling out the interest earned from savings account in my ITR for AY 20-21. What will be the repercussions for this? Can this be rectified?

Replies (2)                          

CA Yash Shah       26 Dec 2020

Hi, need to know what is the interest in savings account which you have missed. You can file revised return before 31st December 2020. Please call on 7045760379 for further guidance

CA Navin Jain       5 Jan 2021

Please connect on +91 9830375894/ canavinjain1@gmail.com

T&C apply