Forigen Income
This query is : Resolved
04 July 2011
I Have problem, the problem is that My friend is providing the servives in Rwand to Rwanda Development Board/Information Communications as Individual Consultant and raised monthly Invoice to Rwand Development Board and received as 14000/= USD monthly ixclusive of local taxes
So I want to know that what will be the tax liability in India,
So I want to know that what will be the tax liability in India,
05 July 2011
Assuming that your friend who has provided the referred services is a resident in India, such an income shall be taxable in India u/s 9.
However if any taxes are borne on the same income abroad then relief can be availed u/s 91.
However if any taxes are borne on the same income abroad then relief can be availed u/s 91.
06 July 2011
The first thing to be ascertained is whether the person providing the services is a resident of India or not.
Anuj
Anuj
06 July 2011
The Indian National if earning income from providing services from India then such income accrues in India and is chargeable under sec. 5 itself and there is no need to go to sec. 9.
Anuj
Anuj
Message likes :
1 times
06 July 2011
Agreed Sir.
Thanks for sharing the info.
Thanks for sharing the info.
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