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Your Income Tax Queries: Which ITR form should I file to claim TDS deducted from NRO account?

In the absence of facts, we shall not be able to guide you as to the inclusion of the amount of refund in the pre-filled form.In the absence of info, we will not have the option to information you as to the inclusion of the quantity of refund within the pre-filled form.

By Chirag Nangia

I am a seafarer. I had accomplished my Non-Resident External account days throughout FY2019-20. I obtained my wage in my NRE account. Which ITR form should I file to claim TDS deducted from NRO account?
—Vagesh Chhabra
Non-residents, not having revenue from enterprise or career, might declare India-sourced revenue in ITR-2. Any extra of TDS over the ultimate tax legal responsibility shall be refunded by the revenue tax division after processing the return.

I am an everyday ITR filer. In 2018-19, I bought a flat for Rs 72 lakh. The purchaser deducted TDS of Rs 72,000 and it’s reflecting in my ITR. As the property was bought for loss after indexation, the IT division refunded this quantity. AY2020-21 prefilled ITR2 form reveals the IT return inclusive of this TDS quantity. My complete revenue will improve due to the refund. Is this appropriate? Or can I present this quantity as carry ahead loss?
—Ramadoss Sekar Chandrasekaran
In the absence of info, we will not have the option to information you as to the inclusion of the quantity of refund within the pre-filled form. However, word that the pre-filled ITRs have been offered by the I-T Department to make submitting simpler for taxpayers. The identical might not be error-free. One should match all particulars of revenue, exemptions, and so forth. with the precise data and make corrections, if any, earlier than submission of ITR form. Seek the providers of a tax practitioner to be sure that appropriate particulars are submitted to the division.

How can I get tax advantages on training loans for my son’s increased training overseas?
—A Ok Pandey
As per Section 80E, anybody taking mortgage from any monetary establishment or permitted charitable establishment for pursuing increased training, whether or not in India or overseas, can claim deduction equal to all the quantity of curiosity paid on the borrowed sum for a consecutive interval of eight years, starting from the evaluation yr wherein the person has began paying the curiosity on mortgage or till the evaluation yr wherein the curiosity is paid by the person in full, whichever is earlier. The mortgage may be taken for the training of self, partner, kids or the scholar for whom the person is the authorized guardian.

The author is director, Nangia Andersen India. Send your queries to [email protected]

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