Income of resident and ordinarily resident...taxability
This query is : Resolved
09 January 2014
an assessee satisfies test for resident and ordinarily resident...
in fY 12-13 he has earned salary income outside (which has accrued and recived outside india)ie. foreign income
he has paid taxes in country of income..will he be taxable here in india again?????
country of job is mauritus
in fY 12-13 he has earned salary income outside (which has accrued and recived outside india)ie. foreign income
he has paid taxes in country of income..will he be taxable here in india again?????
country of job is mauritus
09 January 2014
1. yes, the total income would include the income earned outside India.
2. with reference to taxes paid in mauritius, you need to claim DTAA exemption. refer Section 90.
The section provides for two methods: exemption method and tax credit method. Please refer this article for further discussion on the same issue:
http://taxguru.in/income-tax/relief-case-double-taxation.html
2. with reference to taxes paid in mauritius, you need to claim DTAA exemption. refer Section 90.
The section provides for two methods: exemption method and tax credit method. Please refer this article for further discussion on the same issue:
http://taxguru.in/income-tax/relief-case-double-taxation.html
09 January 2014
also http://www.nehasinghi.com/foreign-tax-credit-%E2%80%93-a-discussion-from-indian-context/
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