Anonymous

can some one tell me , i have paid 45000 Lac Tax between July to Dec 2016 in Ireland and during the same time i Paid around 2 lac tax in india,while applying tax credit under DTAA ,will i be refunded the taxes paid in ireland duing that period or only 2 lac whih i paid in india
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Amlan Dutta
Check DTAA agreement for India Ireland and accordingly claim tax relief under 90/91 (as applicable)..most countries have tax relief under credit mechanism ...check my tutorial on Youtube on how to claim tax credit by credit mechanism
  • January 13, 2018
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Anonymous

Hi Amlan ji,

I worked in India for 4 months and in Japan for 8 months during FY16-17.
It was same company.
For filing my IT returns, please advise me if I have to add my foreign income and Indian income (or) only my Indian income.

P.S Since I was in Japan for 8 months(more than 182 days), I think I ...
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Amlan Dutta
For FY 2016 17 , you are a NRI and so you will only show indian income ( foreign income does not fall under scope of taxable income ) for your case
  • January 17, 2018
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Anonymous

Hi Amlan,
I am tax resident for India for AY 2017-18? I have worked from Mid of Feb to March 2017 in Australia? Can you please advise which DTAA agreement is there between Australia and India. Is it on exemption, deduction or credit? What is the article#? I have one more question, My employer pays me...
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Amlan Dutta
You have just been there hardly 45 days in Australia for FY 2016 17 ( AY 2017 18 ).....So, your taxable residential status is resident indian ...as such your Australian income is not to be included in scope of taxable income in india ...

DTAA doesn't apply to your case since question of double taxati...
  • January 18, 2018
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Anonymous

Hi Amlan,

Your videos are making our life easy. So thanks again for this knowledge creation.

There is very few information in internet regarding how a NRI can transfer fund from NRO account to NRE. I have seen some posts where they mention if the fund transfer is for some specific reasons, Form 15CB...
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Anonymous

Hi Amlan

I have 3 income during the year (Status : Resident in India)

1. Salary income from Iraq (Worked in Iraq from Oct to Dec 2016) received in Indian account (no tax deducted in Iraq)
2. Salary income in India (Working from Jan 2017 to till now)
3. I have worked in for 3 year in Australia from 2008...
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Amlan Dutta
Though your tax status remains resident , since first receipts of foreign income is in India , so it shall come under scope of taxable income

Add up indian and Iraqi income for scope for taxable income

Likewise, Whole of australian income to be added to the scope of taxable income
  • January 18, 2018
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Anonymous

Under DTAA with USA, can we claim exemption for total income tax deducted under Federal, State, Medicare ans Social Security Taxes? Or only Federal? I could not find this answer anywhere. I have been looking for one month. 30th july is near. please help. Thank you.
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Amlan Dutta
( Firstly In the case of USA , after study of the comprehensive bilateral agreement we discover that the tax relief for a indian resident who has suffered double taxation on american income both in america and India can use deduction method to seek tax relief on such doubly taxed american income,
Und...
  • January 18, 2018
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antony arun

Hi Amalan, I watched your YouTube videos on DTAA. Thanks for providing such an informative session and you are an inspiration. I have a question. My case is as below for FY 2016-17:
I worked in Australia during August 2016 to October 2016. AndI worked in USA during Feb 2017 to March 2017. So I am a r...
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Anand Shah

Hello Amlan,

All your videos are wonder full and helpful. I need your help on filling the ITR2 for rsu recevied, dividend recevied, sale of foreign stock listed in nasdaq.


Regards,
Anand
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Niki

I was in India until November 2016 which means I was there for more than 182 days.

I moved to US for the remaining year. Now in my W2 statement. I had the below components:

Total Income = a
Federal Income Tax = b
Social Security Tax = c
Medicare Tax = d
State tax = e
I received the amount in my bank = a-b-...
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Anonymous

Q. In Schedule S (Salary) of ITR – 2, point 1 asks to enter only salary (without any allowances) – which is alright – so I enter salary from point 1 in form 16. Now when I enter the allowances (exempt under section 10) in point 2 of ITR2, these allowances are not subtracted from my total taxab...
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Niki

I watched the video on how to calculate Tax return in case of Foreign income

https://www.youtube.com/watch?v=642rekY35WU

But I am still not able to get which algorithm to calculate in case of USA as the country.

Taking the same example you took:

My Indian Salary: 10 Lakh
US Salary: 20 Lakh
Tax Deducted i...
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LOKENDRA
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Anonymous
posted a question "Dear Sir,

I have income from Intra day ...."
Anonymous
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Anonymous
posted a question "Dear sir
I m govt employee
I have receiv...."
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posted a question "Hi Amlan..... Sorry for double posting ... I was u...."
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Sayan Mukherjee
posted a question "Hi Amlan..I need your help In a matter of Long ter...."
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Sayan Mukherjee
Super helps !!!! Thanks man....
  • February 19, 2018
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Anonymous
posted a question "Hi Amlan.....
My father was a government empl...."
Anonymous
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Dr Rakesh Kumar
posted a question "Sir
I purchased a flat in 33 lakh while marke...."
Dr Rakesh Kumar
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PARTHA SARATHI MAJEE
posted a question "Amlan Sir,how can i show exempt income of ppf inte...."
PARTHA SARATHI MAJEE
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Anonymous
posted a question "HI Sir,
My father has a own home which constr...."
Anonymous
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Anonymous
posted a question "HI Sir,I have a question from my friend. Please he...."
Anonymous
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renuka s
posted a question "I need to file tax where there is income from trad...."
renuka s
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PARTHA SARATHI MAJEE
posted a question "SIR, I m a govt.employee I m getting sallary from ...."
PARTHA SARATHI MAJEE
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Amlan Dutta
You can check your 26as to check whether you have any tax credit available on account of TDS deduction from this mobile tower .....in case you have you can seek credit in TDS schedule 2 else you can leave it blank ...... ( you will find TAN in 26as ).....you can show income under other sources ....

Y...
  • February 11, 2018
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RAHUL RUHELA
posted a question "Sir,
After submitting rectification request ...."
RAHUL RUHELA
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Amlan Dutta
It must be section 156 , demand cannot be raised under 154 ...rectification request is passed and order made by assessing officer under section 154 ....if you feel that the demand is incorrect then file a rectification request under 154 else pay of the demand .....
  • February 10, 2018
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Ravindra Kumar Sharma
posted a question "I want to know regarding the income in Form 26 AS ...."
Ravindra Kumar Sharma
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Amlan Dutta
What you shall have in 26 AS is normally FD interest income because the saving interest income for individuals is usually less than 10,000 Rs and for savings no TDS is deducted below this amount ...it is safe to assume that the tax credit statement (26 as) figures pertain to fixed deposit/recurring...
  • February 11, 2018
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ABHINAV RASTOGI
posted a question "Hi,
This side Abhinav. I am a Salaried Employ...."
ABHINAV RASTOGI
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Amlan Dutta
TDS on salary should be a number , i am not sure of what you are filing in your TDS schedule , you can keep it blank as well in case no TDS has been deducted ...If possible , try using the online utility for return filing and you should be fine
  • February 10, 2018
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Anonymous
posted a question "Hi Amlan,

Mujhe ITR-3 me Home loan Dikh...."
Anonymous
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Amlan Dutta
Under schedule house property (HP)of the return ,you can show your home loan interest portion under deductions
  • February 10, 2018
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Anonymous
posted a question "is the signature of employer is mandatory on form ...."
Anonymous
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Amlan Dutta
No signature is required , you can see the whole process live on my youtube channel , you simply need to fill the 10 E form before claiming the equivalent relief in tax return
  • February 10, 2018
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Anonymous
posted a question "Hello Sir, I have a query regarding TDS on propert...."
Anonymous
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Amlan Dutta
1. The property is bought jointly in the name of me and wife, so is it ok to do the TDS in any of ours PAN.

Based on how much each is paying property first determine ownership ( not by the fact that the property is in joint names )
Likewise determine ownership of property to be sold

Then for each un...
  • February 10, 2018
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KARMVEER SINGH
posted a question "What to do when 'U' Shown as status of B...."
KARMVEER SINGH
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Amlan Dutta
Yes , until it shows "F" implying final , it means that your TDS deducted has not been totally accounted for and you should take up with deductor for processing of the paid taxes
  • February 10, 2018
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