Employment abroad - Self Assessment Tax
This query is : Resolved
29 September 2008
A person who was unemployed left for employment to a gulf country during the month of November. His salary for Nov -Mar is 5 Lac. There is no tax on his salary in Gulf. He is resident as per IT Act during the year in which he left for employment.
My questions are :
1) When should he pay his self assessment tax on his salary as employer is not deducting TDS ? Should he compute his tax on salary income of 5 months and devide it by 5 months ( Nov-Mar) and pay it every month to IT department?
2) As per IT Act the individual has to pay advance tax of 30%, 60% and 100% by 15th Sept, 15 Dec and 15 Mar respectively. In this case the person had not anticipated his income from salary so he could not have paid 30% of his tax by 15 Sept (he got employment only in Nov). So, what is the remedy?
3) Can he claim HRA exemption u/s 10(13A) for rent paid abroad while in employment abroad?
Kindly answer both questions SEPARATELY and QUOTE Sections wherever possible.
Thanks.
My questions are :
1) When should he pay his self assessment tax on his salary as employer is not deducting TDS ? Should he compute his tax on salary income of 5 months and devide it by 5 months ( Nov-Mar) and pay it every month to IT department?
2) As per IT Act the individual has to pay advance tax of 30%, 60% and 100% by 15th Sept, 15 Dec and 15 Mar respectively. In this case the person had not anticipated his income from salary so he could not have paid 30% of his tax by 15 Sept (he got employment only in Nov). So, what is the remedy?
3) Can he claim HRA exemption u/s 10(13A) for rent paid abroad while in employment abroad?
Kindly answer both questions SEPARATELY and QUOTE Sections wherever possible.
Thanks.
29 September 2008
1) No need to pay monthly.
2) He can apply for waiver of interest explaining the circumstances.
3) Can claim.
2) He can apply for waiver of interest explaining the circumstances.
3) Can claim.
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