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Harsh Roongta
@harshroongta
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Joined: January 2, 2021 12:16 am
Topics: 18 / Replies: 46
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RE: Can I claim exemption of HRA received as well as deduction of interest payable on the home loan?

Yes. The only conditions for claiming HRA are that rent must actually be paid by the taxpayer for the rented premises which he occupies and the rented...

3 years ago
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RE: New tax regime for individuals?

Yes. The new tax regime for individuals is applicable to both residents and non-residents. However, the new tax regime does not allow the benefit of v...

3 years ago
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Replies: 0
Views: 349
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RE: A friend of mine is moving from US to India

Section 6(4) of FEMA permits a person resident in India to hold, own, transfer or invest in foreign currency, foreign security or any immovable proper...

3 years ago
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RE: An NRI (below the age of 60 years) has certain short term capital gains from debt mutual funds. He also has some NRO FD interest for which TDS has been deducted.

Rebate under section 87A is not available to non- residents. So the basic exemption limit for non-residents (below the age of 60 years) remain at Rs. ...

3 years ago
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RE: Can an NRI invest in preference shares of an unlisted company in India from his NRE account?

An NRI can invest in compulsorily convertible preference shares of unlisted company. Payment can be made from NRE account. It shall be subject to p...

3 years ago
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RE: I, alongwith my brothers, am selling a residential property. I am an NRI.

TDS will be deducted by the buyer at rate of 20% (plus applicable surcharge and cess) of the payment to the you. If you want lower TDS, you will need ...

3 years ago
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RE: Can an NRI can buy Agriculture Land?

No. If a person qualifies as resident outside India under FEMA, he can't buy agricultural land even when his passport is Indian.

3 years ago
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Replies: 0
Views: 334
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