Income of nri
This query is : Resolved
21 March 2017
Hi Experts,
An NRI has earned foreign income in USA and it has been taxed there according to US laws.
Further, some part of that already taxed income is received in India as INDIA Wages, Thus leading to Double taxation.
Q1. What part of Income will form part of Taxable income in INDIA.
Q2. How to claim tax relief.
Please help.
An NRI has earned foreign income in USA and it has been taxed there according to US laws.
Further, some part of that already taxed income is received in India as INDIA Wages, Thus leading to Double taxation.
Q1. What part of Income will form part of Taxable income in INDIA.
Q2. How to claim tax relief.
Please help.
21 March 2017
1 As entire income is taxed in US no need of further taxation in India. Receipt of income in India will not attract tax in India.
Message likes :
1 times
21 March 2017
If an individual is non resident in India, only income which is accrue or arise in India is taxable.
In your case income which is received in India is taxable.
Lower of Tax paid in foreign on doubly tax income or tax paid on doubly taxed income in india can be claimed as relief
In your case income which is received in India is taxable.
Lower of Tax paid in foreign on doubly tax income or tax paid on doubly taxed income in india can be claimed as relief
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- FORM 26A APPLICABILITY
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
