Taxability
This query is : Resolved
13 March 2009
1. LIC life policy being assigned for getting housing loan. Is the assessee eligible to claim deduction u/s 80C?
2. Indian citizen - Non resident. employee of private concern. If he receives any income abroad should he disclose the same in his IT return?
2. Indian citizen - Non resident. employee of private concern. If he receives any income abroad should he disclose the same in his IT return?
13 March 2009
DEDUCTION U/S 80C IS ALLOWED ON PAYMENT OF LIC PREMIUM.
FOR NON RESIDENT ONLY INDIAN INCOME IS TAXABLE.
FOR NON RESIDENT ONLY INDIAN INCOME IS TAXABLE.
13 March 2009
Exempted income is also to be disclosed in the Income tax return so as to comply with the true and fair disclosure requirement of income.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Should I report my US salary for January, February, March in Schedule FA?
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
