Double tax adjustment
This query is : Resolved
18 November 2013
If a NRI Receive interest on fix deposit and TDS on interest is deducted by bank.Interest on FD is taxed in India and other cuntery also.
How to reduce tax liabilty of nri in double taxtion?
How to reduce tax liabilty of nri in double taxtion?
19 November 2013
Taxability of income across the world is mostly Source-based or Residency based.
Hence, in your case, please determine and expedite the Residential Status of the NRI in India. If a non-resident, then file Indian ITR for interest income and claim FOREIGN TAX CREDIT in the Other country.
Hence, in your case, please determine and expedite the Residential Status of the NRI in India. If a non-resident, then file Indian ITR for interest income and claim FOREIGN TAX CREDIT in the Other country.
19 November 2013
Taxability of income across the world is mostly Source-based or Residency based.
Hence, in your case, please determine and expedite the Residential Status of the NRI in India. If a non-resident, then file Indian ITR for interest income and claim FOREIGN TAX CREDIT in the Other country.
Hence, in your case, please determine and expedite the Residential Status of the NRI in India. If a non-resident, then file Indian ITR for interest income and claim FOREIGN TAX CREDIT in the Other country.
22 November 2013
a. File ITR in India.
b. Taxes paid/TDS shall be allowed as a credit in the Other Country.
b. Taxes paid/TDS shall be allowed as a credit in the Other Country.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Itr 1 processing
- Short Term Capital gain on shares bought and sold after 2018 onwards
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Bank Accounts in Balance Sheet for ITR 3
- ITR 1: Details for showing Exempt Income
- ITR validation error - Balance sheet is not filled
- ITR returnFY25-26
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
