Double taxation
This query is : Resolved
yogesh bhanushali
(Querist)
23 February 2008
Can any one solve the following
I am an employee of an Company in Singapore & deputed in Mumbai for project related work.My company is not registered in India and is registered in Singapore. I don't get any salary nor any allowances in India from Mumbai office. I get my salary in Singapore $ and is credited in my Singapore bank account, which i remit to India online as per need. My Salary Details are as follows.
My Basic Salary : 1500 Singapore $
Allowances anywhere in the world : 250 Singapore $
Total 1750 Singapore $.
In case of any further details needed please let me know.
Regards
yogesh
I am an employee of an Company in Singapore & deputed in Mumbai for project related work.My company is not registered in India and is registered in Singapore. I don't get any salary nor any allowances in India from Mumbai office. I get my salary in Singapore $ and is credited in my Singapore bank account, which i remit to India online as per need. My Salary Details are as follows.
My Basic Salary : 1500 Singapore $
Allowances anywhere in the world : 250 Singapore $
Total 1750 Singapore $.
In case of any further details needed please let me know.
Regards
yogesh
S.Srinivasaraghavan
(Expert)
23 February 2008
What is your question? What do you want to know?
25 February 2008
Dear Yogesh, r u resident Indian as per Income Tax?
25 February 2008
If the answer to my ques. is YES then you have to pay taxes on the income earned from the services rendered in India
yogesh bhanushali
(Querist)
25 February 2008
but what about the Taxation policy of Singapore ? what will be the effect of such receipt in Singapore ?
26 February 2008
As you are resident of India for FY 2007-08, your GLOBAL income is taxable. Therefore all of your income whether you earn n India or abroad , shall be liable to tax . However, you may claim tax relief u/s 90 of the I T Act if any tax is paid abroad.there is a double taxation avioidanece agreement (DTAA) WITH Singapore by govt. of india vide notification no GSR 610(E) DT 08-08-1994 AS AMENDED VIDE NOTIFICATION NO SO 1022(E)
DT 18-07-2005.
R.V.RAO
DT 18-07-2005.
R.V.RAO
yogesh bhanushali
(Querist)
27 February 2008
How can i reconcile the tax paid in Singapore ? B'coz financial year is in case of Singapore, calendar year & in the case of India, "previous year" as defined under section 3 of the Income-tax Act, 1961?
S.Srinivasaraghavan
(Expert)
27 February 2008
You will have monthwar details from your Singapore employer which can be used for reconcilliation
yogesh bhanushali
(Querist)
27 February 2008
what do u mean by month war ? & how can i solve that?
27 February 2008
whatever the tax paid by u in singapore u will get the releif in india.
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