Double Taxation - Malaysia
This query is : Resolved
Bharath Kishore
(Querist)
23 June 2011
I have an offer to work with a MSC company in Malaysia where I will be exempt from Income tax in Malaysia. I will be transferring most of my income there back to India every month for use by my folks. Will this money be taxed in India?
CA PARAS BAFNA
(Expert)
23 June 2011
Remmitances are not taxable for NRI. If you go out of India in a month or two and your stay in India will not be more than 182 days during the F Y 2011-12 then you will become an NRI.
For NRI foreign Income is not taxable in India.
For NRI foreign Income is not taxable in India.
CA. Anuj Gupta
(Expert)
15 July 2011
Money once received as income outside India shall loose its colour of income when the same is transferred to India.(SC in Keshav Mills Ltd.)
So there shall be no tax in India for the same.
Anuj
0-9810106211
So there shall be no tax in India for the same.
Anuj
0-9810106211
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