Self Employed income over 60Lakhs

270 views
User Avatar

Consultant
187 Points Posted on 22 February 2021

Hi,

A self employed service exporter has income of over 60Laks in USD.

Does not take credit scrips.

2L home loan interest,

1.5L in 80C

50k in medicare

50k NPS

Claims depreciation on furniture and computers/phones.

That is all. Anything else that can be done?

Thanks

0 Reply Share Follow
On 22 February 2021 at 21:20 Report
Replies (2)
Quick Summary
This discussion focuses on tax optimisation for a self-employed service exporter with an income exceeding 60 Lakhs USD. The individual is exploring further deductions beyond home loan interest, 80C investments, Medicare, NPS, and depreciation on assets. The aim is to identify any other eligible claims or strategies to reduce their tax liability.

User Avatar

Chartered Accountant
16188 Points Posted on 22 February 2021
Please elaborate
Reply
On 22 February 2021 at 22:28
User Avatar

Ca articleship
265 Points Posted on 23 February 2021
Have you filled your IT return
Reply
On 23 February 2021 at 08:30

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. LTCG - SEC54
  2. Foreign remittance from our client for Co Working
  3. UDIN generation
  4. Reply plz guys
  5. Tax Deduction and Collection Account Number
  6. Where can students practice XAT PYQs effectively?
  7. Gst on Guest house 5% without ITC
  8. How do you collect documents from clients for ITR
  9. GST ITC on Construction/ Tenant Specific Renovatio
  10. GST Treatment and Reporting of Share & Mutual

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details