Income tax applicability
This query is : Resolved
14 December 2011
My self Ankur and i m working in a pvt ltd. co. in India, my query is that one of our client is situated in hongkong (NO DTAA available) and we are supposed to take payment around 30 lacs from them for our consultancy fee, but they are deducting tax @ 30%, so can we take credit this TDS (with holding tax)in our ITR, if yes than how....
14 December 2011
you can claim deduction as provided under
section 91 of income tax act 1961. Which
says that you can claim deduction on such
doubly taxed income at the Indian rate of
tax applicable to you or the rate of tax at which tax is deducted in such foreign country, whichever is lower.
section 91 of income tax act 1961. Which
says that you can claim deduction on such
doubly taxed income at the Indian rate of
tax applicable to you or the rate of tax at which tax is deducted in such foreign country, whichever is lower.
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
