Self Employed income over 60Lakhs

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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

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On 22 February 2021 at 21:20 Report
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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.

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Chartered Accountant
16188 Points Posted on 22 February 2021
Please elaborate
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On 22 February 2021 at 22:28
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Ca articleship
265 Points Posted on 23 February 2021
Have you filled your IT return
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On 23 February 2021 at 08:30

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