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Yogender Patwari
If I take housing loan of 60 lakhs can I have tax benefit
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Yes, you can tax the benefit of both interest and principal component paid to the Financial Institution.
For expert assistance in tax-related matters, you can connect with me at ca.pujasharma@outlook.com
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Mallesh
My father is 79 years old, and there is a tax due of Rs.2929 as per Form-16. Should he need to file ITR on his age?
Union Budget 2021 in order to provide relief in terms of compliance burden for filing returns, exempted senior citizens above 75 years of age from filing the income tax return, subject to the certain conditions. To know the detail reach us @ www.tarunguptaca.com
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Vikas
Do i get home loan interest tax benefit if i buy used flat
Yes in my opinion you will get home loan interest exemption u/s 24
CA Chinmay Sheth 5 Mar 2022Yes, you will get deduction for home loan interest u/s 24 upto Rs.2,00,000, if your family resides in the same means it is self occupied. Fresh or used house property doesn't matter.
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Yash Kumar
Is it compulsory to have the names of the consent letter relatives to apply gst?
If the principal place of business is owned by relative then it is necessary to have consent letter. Further, in consent letter name should be specified and the same should be signed by that relative.
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Shahir Aziz
Recently shifted to Dubai and get salary in AED in local savings account. Want to know how to manage taxes for india and Dubai income. Also how my wife will continue her Indian job remotely from Dubai. Will she save taxes if the indian salary is credited to a UAE account as a consultant instead of her indian account?
Your income will be taxed depending on your residential status and your wife's income earned in I Dia is taxable in india immaterial where she recieves
CA Puja Sharma 3 Mar 2022In India, residential status of the person determines whether the income earned outside India will be taxable in India or not. Further, DTAA with Dubai will also help in determining your taxes. For more details you can connect with us at ca.pujasharma@outlook.com
CA Naman Maloo 13 Mar 2022We need to discuss more on it by knowing when you shifted to Dubai and other details.
You can book consultation here: https://www.taxontips.com/tax-notice-personal-consultation/
