Can I claim foreign tax under section 44ADA?
I am a self employed consultant providing services to a UK based client from whom I get paid into a UK bank account. I pay UK tax on this amount. But as I have lived in India now for more than two years, I qualify as an Indian tax resident so I have to file my ITR here as well. I also get paid by some clients into my Indian bank account. Now for this year can I file under the presumptive tax section (44ADA) and claim tax relief for the tax I've paid in the UK? If so, do I still use ITR-4?
Asked 1 year ago in Income Tax from Mumbai, Maharashtra
I provide consulting services to clients in the sustainable development sector. Services include research and analysis, developing and managing websites, providing advice on projects and programmes. There seems to be no clear interpretation of the term 'technical consultancy' for 44ADA but I believe I fall under that.
Asked 1 year ago