INCOME TAX ACT 1961 AS AMEDNDE BY FA21

This query is : Resolved

SHIVAM JHUNJHUNWALA (Querist)
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15 October 2021 I AM EMPLOYEE OF RELIANCE INDIA. BUT I HAVE BEEN WORKING ON A PROJECT IN USA. SO WILL MY INCOME EARNED IN USA BE BROUGHT UNDER SECTION 9 AND MADE TAXABLE OR BY ANY OTHER PROVISON

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 October 2021 You are non resident earning salary outside India not taxable in India under section 9 or any other provisions, even salary paid by Reliance India.

SHIVAM JHUNJHUNWALA

SHIVAM JHUNJHUNWALA (Querist)
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15 October 2021 WHAT IF I WAS WROKING ON PROJECT IN USA FOR ONLY 4 MONTHS

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 October 2021 In such a case you are resident of India so the income earned in USA is taxable in India. Relief for tax paid in USA can be claimed.

SHIVAM JHUNJHUNWALA

SHIVAM JHUNJHUNWALA (Querist)
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15 October 2021 But sir as per section 9 it is said that if series are rendered in India then only it will be considered as Indian income

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 October 2021 Refer section 6, for resident global income is taxable in India.

SHIVAM JHUNJHUNWALA

SHIVAM JHUNJHUNWALA (Querist)
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29 October 2021 sir why is municipal taxes reduced from gross annual value of house property even if standard deduction of 30% on nav is allowed

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 October 2021 30% is for repairs and maintenance, hence municipal taxes allowed as deduction.

SHIVAM JHUNJHUNWALA

SHIVAM JHUNJHUNWALA (Querist)
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29 October 2021 but sir standard deduction is a flat deduction so as to cover all the expenses related to your house. so expenese on municipal tax should also come under this

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 October 2021 Municipal tax is outside this.

SHIVAM JHUNJHUNWALA

SHIVAM JHUNJHUNWALA (Querist)
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29 October 2021 ok. so for example in py20-21 i had one property status SOP and hadn't paid municpal tax of that year . so in py21-22 i paid my municpal tax. but in py21-22 the same property was let out. so will last year sop municipal tax be allowed to be deucted from py21-22 LOP calculations?

SHIVAM JHUNJHUNWALA

SHIVAM JHUNJHUNWALA (Querist)
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30 October 2021 sir i am an employee of a firm and for py20-21 salary was 20,000 pm. so due to poor financial conditions of firm, salary of 5 months was not given to me i.e. 1,00,000. but recieved that 1,00,000 in py21-22. so it will be taxed in ay21-22 or ay22-23 i.e is it arrears of salary

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 October 2021 It's arrears of salary claim 89(1) relief.
Last year municipal tax can't be claimed this year.

SHIVAM JHUNJHUNWALA

SHIVAM JHUNJHUNWALA (Querist)
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30 October 2021 but will it be taxable in py 20-21 or py 21-22

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 October 2021 It will be taxable in current year but relief will be given.

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