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Rahul

I have doubts regarding income tax for FY 2020-21.
I was in Germany from 14 July 2018 to 31 Dec 2018,
And in the US from 02 Jan 2019 to 7 Nov 2020.
Thereafter I am staying in India

Q1 For FY 2018-19 will I have to pay tax in India? I have paid tax in Germany for the duration I stayed and worked
Q2 For FY 2019-20 will I have to pay tax in India? I have paid tax in the US for the duration I stayed and worked
Q3 For FY 2020-21 will I have to pay tax in India? I have paid tax in the US for the duration I stayed and worked

For FY 20-2021 my company paid me salary in my Indian NRI account and my total gross salary received in India is more than 15 lakhs though my stay for FY 20-2021 is less than 182 days in India since I came back in November.
If I have to pay tax for FY 20-2021 will the interest earned on FDs also be taxable?
The FDs that got matured this year will be taxable? These FDs were created in 2019 when I was in the US from money earned in the US and transferred to India.
If I have to pay tax in India for FY 20-2021 then I have also paid tax in the US for the duration of April to September 2020. Will I get a double taxation benefit for the entire year or only for the duration I have stayed?

For FY 2021-2022, I am already staying in India since Nov 2020 and my US work permit is till Jan 2023
Can I still maintain NRE accounts in India?
Do I need to convert NRE accounts to normal savings accounts?
If I go back to the US from Oct 2021 to March 2022 which is again 6 months period then will be able to maintain NRI status and still need to pay tax in India? (Salary will keep coming in Indian account from overseas in this case)

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Radhesh Walwadkar

What are laws related to ESOP sale (traded on NYSE) & already tax paid. Do I need to re-invest amount immediately?

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Rahul Soni

I am employed with a company based in UK as a consultant. Will I come under section 44ADA of the income tax? Assuming I get 10,000 GBP annually, will there be any taxes on that except the 10% TDS?
Should I consult a CA for it now?

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Vijay Kumar Prajapati

I have income coming from my Salary. Also, I am doing affiliate marketing. Can I claim deductions on the expenses incurred while generating income from affiliate marketing (domain/hosting etc.)? (As per old/new tax regime)

How should I categorise it, income from other sources or income from the business?

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Nyadav

Hi, Brief on our current structure : Indian entity registered as subsidary of U.S registered company.

3 employees resident of india are on payroll of Indian Entity working remotely.

Now from April they shutting down indian entity and making all 3 indian resident employees as direct employee of U.S registered company, working remotely from India.

For employees what will be benefits and issues.

One thing they communicated is we will have to handle Taxation of India at individual level...Just wanted to understand new process...Currently we give investment proofs to indian employer and they deduct tax and file that to govt...Then using that form16 we file our income tax returns .

How all this will change in new employment model in which we are employee of U.S entity ?

Please guide further on this.
Right now we have option to object on this proposal if many issues.

Thanks, NYadav

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Shubham Saxena

Have a home loan which started from dec 2017. I paid pre emi till june 2019. Fro. July 2019, i started paying the emi, the construction of the property is still incomplete. Can i claim tax deduction on interest paid for fy 2019-20 in current assessment year before 31 dec ? Is it possible to clqim it after the construction of tge property is complete?

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Priyamvada Shende

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?

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Kashif Khalid

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?

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Vivek U Dixit

I want to ask regarding IT Section 80GG

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Nupur Kinger

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?