3 min read.Updated: 16 Oct 2018, 10:34 AM ISTSonu Iyer
The exemption from income tax is limited to the extent of amount of expenses actually incurred by the individual
I returned from Dubai in July 2017. My status is ‘resident’ for FY 2017-18. I need clarification for my overseas earnings. Under what sections, overseas allowances like house maintenance allowance, transport allowance earned in Dubai are exempted? Under what section, leave encash up to ₹ 3 lakh is exempted? Since I have calculated my tax liability after my repatriation to India, I paid advance tax in September and October. While filling up ITR2, it shows interest of ₹ 11,000 for late payment of advance tax. How can I avoid this interest?
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