Tax on Income earned in India

Tax queries 532 views 2 replies

Hi,

I'm currently working in Copenhagen. I would be returning to India in October this year.

My query is when claiming exemptions under Sections 80C to 80 U this year, can I show all the eligible investments and expenses for the entire year. For example, I'm repaying my education loan. Even when I'm in Denmark I'm paying the EMI.

Can I can claim the entire years interest repayment as exemption under Sec 80E or will I be eligible only for pro-rata amount?

The same goes for other investments as well (like PF, insurance etc).

Looking forward to a response. Thanks in advance.

Kind Regards,

Sumesh

 

Replies (2)

u can cliam the deductions..

Sir , pls understand one thing income tax is charged on basis of residential status not on source of income . if you are Resident the you will be allowed for all the deductions under chapter 6A


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