Foreign salary taxation section 90
This query is : Open
chaitanya sharma
(Querist)
24 June 2015
Dear all
My brother received salary in newzealand, but he is resident(ordinary resident) person for A.Y. 2015-16. There was treaty between india and new zealand govt., on which relief u/s 90 can be claimed. Doubt is who can i convert foreign currency (salary) into indian rupee for tax calculation.
Please reply it is very urgent...
My brother received salary in newzealand, but he is resident(ordinary resident) person for A.Y. 2015-16. There was treaty between india and new zealand govt., on which relief u/s 90 can be claimed. Doubt is who can i convert foreign currency (salary) into indian rupee for tax calculation.
Please reply it is very urgent...
Nikhil Kaushik
(Expert)
24 June 2015
you should ideally convert the salary on the basis of SBI TT buying rate on each receipt date.
chaitanya sharma
(Querist)
25 June 2015
Respected sir,
Is this treatment shown in any section or rule, please give its reference.
Thanks for considering my problem
Is this treatment shown in any section or rule, please give its reference.
Thanks for considering my problem
Nikhil Kaushik
(Expert)
25 June 2015
refer Rule 115 of Income-tax Rules
chaitanya sharma
(Querist)
09 July 2015
who can i get relief u/s 90 for the same. please rely it is ugent
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