Chargibility

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

22 January 2012 Is the differed salary is taxable, the following information are as follows.
-for current f.y. he is a resident.
-all past year he is NRI working in abroad.
-differed salary is received in current financial year in abroad and transfer to india
-differed salary pertaining to last financial year.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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22 January 2012 Please refer the DTAA between India and that country for availability of tax credit, in respect to the tax withheld on such salary.
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Since he is a resident, the income will form part of the total income. Further Salary is taxable in the hands of an Individual whether it has been received from former, present or prospective employer.
As the salary has become due this year, it is taxable income of current FY.
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