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Question & Answer


N

Naveen Bohra

20 Aug 2019

Hi Team,

I have a query while filing ITR2 for AY 2019-20.

I was NRI for FY2018-2019 (as I was outside India for more than 182 days) and was getting salary in foreign country.

I know I need not pay tax on my foreign income as I was NRI. But I wanted to check if this foreign salary income needs to be declared in the Schedule EI (Exempt Income), Section 5 "Income not chargeable to tax as per DTAA"?

Is foreign salary income for NRI not taxable due to DTAA or any other reason?

Thanks and Regards,
Naveen Bohra

Replies (1)                          

CA Vaibhav Mago       20 Aug 2019

Naveen, there is no need to show this income in your ITR 2.

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R

Rajni

20 Aug 2019

I have been filing ITR4 for the last four years as a professional under 44ADA. In dec 2018, I set up a One person company where I am the director. There was no incoming income in the company during the last financial year. But I understand this year, I need to fill ITR3 instead of ITR 4 because I am a professional under 44ada and also a director of a company.
To open the company, I made some expense. There were also rental and other operational expenses that I paid.
How do I reflect that in ITR3?
I have filled BP section normally like I used to fill in ITR4, but I am not clear on what info I need to fill for my company in ITR3.

Replies (1)                          

CA Naman Maloo       20 Aug 2019

You dont need to show anything in ITR 3 for your company.
Your companies return would be filed separately in ITR 6 and you also need to file return with MCA for companies.
If you need further assistance feel free to contact me at canamanmaloo@gmail.com

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P

Priyanka Goel

17 Aug 2019

I am looking for androud app earning for tax

Replies (1)                          

CA Naman Maloo       17 Aug 2019

It's a business income same as income from YouTube but the only difference is you earn from Google India and they earn from Google Singapore.
If you need any further assistance feel free to contact me at canamanmaloo@gmail.com

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V

Vidushi Duhan

17 Aug 2019

I am seeking a loan agreement format. The loan is from Director of the company to the company itself. (Pvt Ltd)

No Reply  


V

Vyom Saxena

17 Aug 2019

Hi my annual CTC is 925000 and i save 120000 in 80C and 33000 in 80D ,can i know what amount of tax i need to pay

Replies (1)                          

CA Naman Maloo       17 Aug 2019

Your tax would be around 71240.
For more details you can mail me at canamanmaloo@gmail.com

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