Hi,

I have a query. I have been employed in India from Mar 21 to 15 Nov 21 with my physical presence for all these days in India. From 15 Nov 21 onward I will moving to UAE as I have received an offer of employment from a company based totally in UAE. I am going to get salary in my UAE local account in local currency paid by a local employer from 15 Nov 21 to 31st March 2022 and so on for next coming years. In this Indian Financial year, I have been present in India for more than 182 days in India and I have a Indian income as well from my employment in India which will end on 15th Nov 21.

Now as I shift to UAE and will earn local salary there, I want to know what will be Indian tax implications for the salaried income earned in UAE. Note, UAE is a no tax country but has Double Taxation Avoidance Agreements with India.

I know that my Indian salary will be taxable as per Indian IT rules. But will there be any taxation on my UAE salary for this Financial year in India (01 Apr 21 to 31 Mar 22).

Note: Financial year in UAE is from 1 Jan to 31 Jan. I am going there to stay for next 1-2 years which means for UAE financial year (1 jan 2022 to 31 Dec 2022) I will receive my resident tax certification after spending 6 months (If I go on 16th Nov then will complete 6 moths on 15th May) in total in UAE.

ITR OF MY SPOUSE IS UNDER PROCESS SINCE 19.8.21 FOR THE YEAR 2021-2022, IT WAS SUBMITTED ON 26.7.2021.,CONSEQUENTLY REFUND OF RS 38000 IS HELDUP.
REFUND PORTAL INDICATES THAT AO HAS NOT SUBMITTED/PROCESSED ITR TO BANK.
IT IS CONFUSION,WHO IS AO? AS PER JURISDICTION,AO SAYS IT IS CPC AO TO DO JOB.
Can we refile itr or we should wait.
CAN ANYBODY GUIDE AT. narang.nath@gmail.com

I received notice u/s 143(1) which disallowed my HRA exemption for the assessment year 2020-21. HRA exemption is not allowed when we live in our own house. I purchase a house property in 2019 with housing loan. I claimed deduction u/s 80c as well as sec 24a. I also live in the same purchased house. Should i agree with the disallowance and file revised return. please suggest

Where to show the exempted interest received on FDR in ITR 1

One of my client is having a SEZ branch whose purchase and sales are in dollars. However, when accounting is done in tally it is done in foreign currency . When I will prepare Balance sheet, I will need to convert these figures into foreign currency, should the impact of foreign exchange difference be given?
And also for bank accounts, should the impact of foreign exchange difference be given?

Sir,
A professional income it returns filed person gross receipts rs:40 lacs as per books in f.y.20-21
Sft-003 cash deposit in bank current account rs:45 lacs as per 26as in f.y.20-21.
Question:
Assess show in it returns income rs:40 lacs or rs:45 lacs in it act.

Dear Sir,

Provided that the said restriction shall not apply where –
(a) the said person or the proprietor or karta or the managing director or any of its two partners, whole-time Directors, Members of Managing Committee of Associations or Board of Trustees, as the case may be, have paid more than one lakh rupees as income tax under the Income-tax Act, 1961(43 of 1961) in each of the last two financial years for which the time limit to file return of income under subsection (1) of section 139 of the said Act has expired; or

My question is (in case of company) whose income tax would be covered either paid by company or paid by Director personal file.
Kindly guide us.
Thanking You
Prem Chandra Thankur

Penalty Notice initiated u/s 272A(1)(d) of Income Tax Act due to failure of response u/s 142 (1) but the assessee has already submitted his response u/s 142 (1) its just he delayed by 15 days but he already submitted now what should i write to vacate the penalty

Sir,
It assess purchase of immovable property value rs:25 lacs
1.rs:20 lacs loan from bank
2.rs:4 lacs Repayment of loan in cash earlier give to mr .B
3.rs:1acs loan taken in cash from mr .C
Question:
Assess above transactions violation of sec 269 ss and 69 (un explaining income) applicable in it act.

I have purchased I phone by GST bill. Can I claim ITC on GST paid for I PHONE? PL ADVISE?