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Sanjeev Govila |458 Answers |Ask -Follow

Financial Planner - Answered on Apr 02, 2024

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more

Asked by Anonymous - Mar 24, 2024Hindi

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Hi, I am employed in Maldives from last one year and while applying for a home loan, bankers are asking me if I have filed IT returns or not. Shall I file the same in Maldives or in India. My salary is around 6 to 7 LPA.

Ans: As an Indian citizen working in the Maldives, you may need to file income tax returns in both countries. If you've been in the Maldives for over 182 days, you're likely a tax resident there. However, you must file in India if your income exceeds Rs. 2.5 lakhs per year in India.

Utilize the Double Taxation Avoidance Agreement to avoid being taxed twice. When applying for a home loan in India, banks may request for proof of income and tax returns, so filing in India could support your application. Seek advice from a tax advisor well-versed in both countries' tax laws to ensure compliance and maximize benefits.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Anil Rego |388 Answers |Ask -Follow

Financial Planner - Answered on Jul 13, 2021

Question by Amit - Jul 13, 2021Hindi

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I am currently employed in the Maldives and my income is approximately USD 4000 a month. I am paying income tax in Maldives. I would like to know if I need to pay income tax in India as well because I will be sending my income back to India. And if I do not have to pay income tax in India do I have to file my ITR?

Ans: An NRI's income taxes in India will depend upon his residential status for the year. If your status is 'resident', you have to pay the income tax in India; if you are a non-resident, then you need not pay the income tax in India.

Any income that you get in India (eg. On investments, rental, etc) would be taxable in India. Whether you are a resident or non-resident you have to file ITR if your income exceeds Rs. 2,50,000 or if you have short term capital gains.

Hardik Parikh |106 Answers |Ask -Follow

Tax, Mutual Fund Expert - Answered on Jul 25, 2023

Question by A - Jul 24, 2023Hindi

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Dear Sir Greetings!! I am an NRI. I have taken a housing loan from my NRE account. I have income from Indian sources for which I need to file my IT returns which I am doing every year. However during the previous year 2022-23 I purchased a property where my family is staying. I have taken housing loan for the said property through NRE account. Is it necessary to show the interest and principal paid in my tax return under Income from House Property? Your guidance will be highly helpful to file my return. Thanks in advance. A V Rajan

Ans: Dear Mr. Rajan,

Greetings! I hope you're doing well.

To answer your question, as an NRI who has taken a housing loan from your NRE account, you can indeed claim tax deductions on the interest and principal paid for the property.

Under the Indian Income Tax Act, you can claim deductions under Section 80C for the principal repayment of your home loan, up to a maximum limit of Rs 1.5 lakhs. Additionally, you can also claim deductions under Section 24(b) for the interest paid on your home loan, up to a limit of Rs 2 lakhs.

However, please remember that these deductions can only be claimed if you have taxable income in India. Since you mentioned that you have income from Indian sources and you file your IT returns every year, you should be able to avail these benefits.

I hope this information helps you in filing your tax return.

Mihir Tanna |1043 Answers |Ask -Follow

Tax Expert - Answered on Dec 17, 2024

Asked by Anonymous - Jun 18, 2024Hindi

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Sir, I am an NRI. Besides my non resident salaries, I have some income of Rs 180k p.a. From rent and around Rs100k interest earning in India. I have a housing loan NRO where the interest payment is Rs 9 lakhs pa. Do I have to still file my returns . How much tax I have to pay.

Ans: You can opt for new tax regime and as per which your taxable income is below exemption limit of Rs.3 lacs, so you are not required to file income tax return unless any of the following conditions are applicable

Deposit > 1 Cr in Current A/c
Expense > 2 L for Foreign Travel
Expense > 1 L for Electricity
TDS/ TCS > 25K ( 50K senior citizen)
Deposit > 50 L in Saving A/c

Samkit Maniar |180 Answers |Ask -Follow

Tax Expert - Answered on Jul 25, 2024

Asked by Anonymous - Jul 02, 2024Hindi

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Hi Samkit, I have a question for you. I am freelancer (IT sector) and having contract with foreign customers. At the time of filling return for FY 23-24, what should I opt for? under section 44AD or section 44ADA. Thanks

Ans: Section 44AD applies to businesses except for professional services whereas section 44ADA is exclusively for specified professionals. Considering you are a freelancer you are more likely to fall under section 44ADA.

Please consult your CA before moving ahead.

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Asked by Anonymous - Mar 21, 2025Hindi

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Hello Sir, At present I am appearing Class 12 boards. I want to do research work in human psychology as my career. In which discipline I should do my Bachelors for the same? Is doing MBBS is the only way to reach out in research field? Thanks

Ans: Hi,
Kindly formulate your query in a detailed manner so that the experts on Rediff can provide you with better solutions. If you don’t provide enough information, it will be difficult for them to assist you, as the gurus need to make informed predictions to answer your question. This platform is more transparent than others because you can see the profiles of the experts available here. Therefore, be open and provide precise details. Please note that the platform does not require personal information, and you can post your questions anonymously if you prefer.

Undergraduate (UG) degrees provide foundational knowledge, including how to conduct research. In postgraduate (PG) studies, you generally build on those basics. After completing your PG studies, you can engage in research, either full-time or by pursuing a PhD.

An MBBS degree is also just a basic qualification and is not the only gateway into the research field. You can conduct research in a variety of fields, including arts.

If you are particularly interested in human psychology, gather basic information on the topic and proceed accordingly. There are various aspects of human psychology, so consider which area you would like to specialize in and plan your path from there.

ALL THE BEST

POOCHO. LIFE CHANGE KARO.

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Can I get nit with 94%

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Insurance, Stocks, MF, PF Expert - Answered on Apr 18, 2025

Asked by Anonymous - Apr 17, 2025Hindi

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Hello sir i have taken lic of my son 17 years back with quaterly premium of 3825 and now its going to mature on october what amount i should expect

Ans: Hello;

You may expect a sum between 4-5 L.

Best wishes;

Ravi Mittal |577 Answers |Ask -Follow

Dating, Relationships Expert - Answered on Apr 18, 2025

Asked by Anonymous - Apr 17, 2025Hindi

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I accidentally called my current partner by my ex's name while having a private moment. The second time I yelled when we were watching a movie starring my ex's favourite actor. Things have got a bit weird since then. I don't know how to talk about this to my partner.

Ans: Dear Anonymous,
Whether it was a genuine mistake or there are lingering issues that led to this slip-up, it is natural for your current partner to feel uncomfortable and even sad hearing you repeatedly calling out for your ex. I hope this much you acknowledge. Now moving on to how we can fix this- first of all, apologize; mistake or not, you can still say you are sorry. Next, have a clear discussion with your partner- ask her how it made her feel and what can you do to make it better. This way she can see that you are owing up and taking initiatives. Then, I want you to reflect- why is this happening? Did you get into this relationship before you could fully move on? Or have you been thinking about your ex? If so, why and is that fair to your present partner? I hope if you are honest with your answers, by the end of it you will have some clarity.

Hope this helps

Ravi Mittal |577 Answers |Ask -Follow

Dating, Relationships Expert - Answered on Apr 18, 2025

Asked by Anonymous - Mar 05, 2025

Relationship

I have a crush on my colleague recently. We started as a friend but one day we get drunk on one of colleague house. We talk about life and love. I asked about his ex. He told his past relationship story how they break up. I also shared some of my past situationship. We live in a same colony. So we came back home together getting drunk I told him you can lean ur head on my shoulder. And he suddenly lean his head on my shoulder and he was sleeping and I wake him up when we reached our destination. He takes me to my house and I suddenly hold his wrist. I don't why did I hold him and next morning he yes hi (call my name)how are you I didn't respond properly I'm just like yeah good after that he seems to avoid me a lot he didn't talk to me much I caught him looking at me sometimes but it might be coincidence. I think he doesn't like me

Ans: Dear Anonymous,
I understand it must all be very confusing but I would suggest not jumping to conclusions. You think he doesn’t like you, but he might be thinking the same since you did not respond to him properly the next day. That could have triggered his current behavior. If you have feelings for him or if you even miss him as a friend, I would recommend you to clear the air with him. Just talk it out- you can explain how things got a little heavy the other day and that’s why you didn’t speak to him nicely and apologize if that made him feel bad. If even after that he continues to avoid you, then you will have better clarity.

Hope this helps.

Ravi Mittal |577 Answers |Ask -Follow

Dating, Relationships Expert - Answered on Apr 18, 2025

Asked by Anonymous - Mar 30, 2025

Relationship

Hey... Five years ago, I confessed my feeling to my crush. She declined my proposal politely and asked me to be friends. I respected her decision of putting down my proposal but i didn't want to in friendzone so I broke my contract with her. Since then we never encountered each other. After fuve years one of our mutual friends met her and she was asking him about me. On their 2nd meet, she initiated the conversation regarding and asking about me again in positive way. I know this can be her normal behavior. My friend told me that she was interested in talking about me and was kinda impressed from whatever my friend told her about me. I want to know about that if i am in her mind or if she wants to get connected with me or meet me ? I am kinda confused

Ans: Dear Anonymous,
Like you mentioned, it is very normal for old friends to enquire about each other, especially if they have not been in touch for a long time. It might be the same in this case. The only way to tell for sure is to ask her. If you are interested in reconnecting, you can think about the same and ask her once you are back in talking terms. But I would recommend not assuming anything and getting your hopes up.

Best Wishes.

Dr Dipankar Dutta |1147 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Apr 18, 2025

Asked by Anonymous - Mar 18, 2025Hindi

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Sir I got 90 Percentile in jee main can I get cse in any Nit's or IIIT'S ?

Ans: Yes. See previous years' cut off

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Question by Ravidamro - Mar 18, 2025Hindi

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My daughter got 89.41 NTA score under OBC category will she get any NIT

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Question by Manoj - Mar 18, 2025Hindi

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My son got 96.67 percentile in JEE mains in general category. I am from Kolkata. WB. Pl suggest where he can get CS.

Ans: Good Chances (esp. in CSAB rounds):
IIIT Bhagalpur – CSE

IIIT Ranchi – CSE / AI & DS

IIIT Bhopal – IT / CSE

IIIT Nagpur – CSE (Home state people have better chance, but still possible)

IIIT Kalyani (West Bengal) – CSE (you have a home state advantage here!)

NIT Mizoram / Nagaland / Meghalaya / Sikkim – CSE / ECE (CSE a bit tough, but possible)

GFTIs like:

GKV Haridwar – CSE

IIEST Shibpur – lower branches (but not CSE) – although being from WB, you may check home state quota branches

NIT Durgapur (Home state) – CSE cutoff usually closes around rank 20,000-25,000 (General) so not likely for CSE, but ECE, EE, or Mechanical might be possible.

IIIT Allahabad, IIIT Hyderabad, IIIT Delhi – out of reach at this rank for CSE (very high cutoffs)

You can go for IT also. Syllabuses are almost same

Dr Dipankar Dutta |1147 Answers |Ask -Follow

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Question by ATHARV - Apr 12, 2025Hindi

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can i get nit with 93.5 percentile with obc ncl category Maharashtra state

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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