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Chaitanya Kumar

Double Tax Avoidance Agreement...
I'm resident of India and in US now for temp work, as part of global tax i'm being asked to pay tax for medical insurance paid in US and which is non-taxable in US and also in India. Do i need to pay/calculate tax for medical insurance amount? pls suggest
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Amlan Dutta
W.r.t indian taxation system, no .
  • April 16, 2018
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antony arun

Double Tax Avoidance Agreement...
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

Double Tax Avoidance Agreement...
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

Double Tax Avoidance Agreement...
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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Niki

Double Tax Avoidance Agreement...
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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Amlan Dutta
i have already explained that for USA you need to follow deduction method i.e salary 20-6=14 lakhs usa and 10 lakh indian , so 24 lakhs salary income ....now put in figures of deduction and arrive at taxable income ...tax shall get computed as per slabs
  • March 29, 2018
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sayan nag

Double Tax Avoidance Agreement...
Respected Sir,

I observe a case where a pension holder, age 68 years (one rank one pension which impose in 3.2.2016) received arrear in FY 2016-17 Rs. 100000. can i claim relief u/s 89 in respect of this arrear in AY year 2017-18?
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Amlan Dutta
FY 2016 17 is nothing but AY 2017 18 .....so obviously if you received any arrears in FY 2016 17 , you will seek benefit in FY 2016 17 i.e AY 2017 18 only ...arrears relief as like salary is also available for pension under section 89 ...you can surely claim pension relief!
  • January 6, 2017
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Hemant

Double Tax Avoidance Agreement...
Hi, For AY 2016-17 I am Non Resident at india. full year I am at USA. My company pays some part of salary at India which is already taxed at USA . Now that amount is also taxed at India and form 16 generated. My question is how do I claim this. I am filling ITR2 . Should I claim under section 90 or...
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Amlan Dutta
In USA , for DTAA deduction method is used ...so if indian income is subject to indian as well as american tax , then for claiming relief in india , you deduct the tax that you paid overseas from the income head itself ...say you got 100 Rs in india and paid 30 Rs tax for this income in america as ...
  • November 26, 2016
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Shilp Kumar

Double Tax Avoidance Agreement...
Hi

Really appreciate your effort on spreading knowledge on such complicated topics like DTAA.
I have query regarding tax filing using DTAA. Hope you can provide some insight.
As shared in your example, i have both Indian as well as foreign income in last FY.
But issue is my foreign income (eg. 10L ), i...
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Abhijeet Jain

Double Tax Avoidance Agreement...
Hello Amlan,Please tell me what relief an individual can get, if he received salary for 3 months in USA, according to DTAA between USA and India and under what section he will show relief, whether under section 90 or 90A? And i also want to know how to convert salary received in US dollar into India...
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Amlan Dutta
Tax relief is by deduction method ...since agreement exists , you use section 90 but since this is deduction method , you reduce from the foreign income amount of taxes paid overseas while declaring foreign income ...Computation of income and taxes paid in rs is done by multiplying exchange rate at ...
  • December 31, 2016
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Amit Shrivastava

Double Tax Avoidance Agreement...
Hi Amlan,

Two Queries

1) I want to confirm my understanding of DTAA with Australia. I think as per the Article 24 the proportion of indian tax (if less) will be applicable. From your example you took in your video; Tax paid in Australia 300000 and proportion in India 248000 then 248000 will be applica...
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Amlan Dutta
1.) I haven't studied the DTAA agreement .Please study the DTAA agreement between India and Australia and check whether the tax relief is using credit , deduction or exemption method.....
Only if it is by credit method , then the tax relief will be lower of the average tax rates as explained

2.) Any ...
  • July 13, 2016
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Soham Roy Chaudhuri

Double Tax Avoidance Agreement...
I was in Australia during 8 July 2013 to 12 July 2014 for an assignment of TCS ( Tata Consultancy services).

During the tax return file of assessment year 2015-16, mistakenly I filed using tax return ITR-1 and could not show the income in Australia for April 01 - Jul 12, 2014 (I had no idea that th...
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Amlan Dutta
I presume that by now you already know how to declare foreign income and claim tax relief and you simply wish to know the procedure to correct what you couldn't declare in original return filed under section 139(1)

Here , the process of correction in original return is termed revision and you will n...
  • June 2, 2016
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SUNIRMAL DATTA

Double Tax Avoidance Agreement...
Dear Amlan,
My son is working in an IT company and he is getting HRA. He worked May-Dec.2015 in India and Jan-Apr.2016 in abroad. He paid huge sum of money for renting accommodation in abroad for the period Jan-Apr.2016.In view of the above
1.Can he get HRA rebate for the period Jan-Apr.2016,if yes...
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Amlan Dutta
HRA rebate calculation that applies to resident will apply to him as well

See this following example to understand how to compute exempt HRA by company

Say , HRA paid by company 6000*12=72000 hra

Actual rent paid -> 8000*12=96000

suppose you have salary 300000 (basic+da)

HRA exemption is l...
  • April 29, 2016
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