Income tax - nri status
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 October 2011
I'm a salaried person & moving to USA at the end of Oct'2011 & planning to return toward end of next year. I've not gone to USA in last 2 years. I've following 2 questions based on the same -
1) How will my USA income be treated for F.Y. 2011-12 from Income Tax perspective?
2) Do I need to pay tax on the same?
1) How will my USA income be treated for F.Y. 2011-12 from Income Tax perspective?
2) Do I need to pay tax on the same?
17 October 2011
1. The same shall be taxable in india.
2. yes, if any Indian tax is payable after taking the credit of the US taxes.
Anuj
+91-9810106211
femaquery@gmail.com
2. yes, if any Indian tax is payable after taking the credit of the US taxes.
Anuj
+91-9810106211
femaquery@gmail.com
Message likes :
1 times
18 October 2011
1. Yes, but only if you are changing job. If Indian Company pays salary in USA then no tax liability in USA.
2. Take credit of income tax deducted in USA in Indian return.
Anuj
+91-9810106211
femaquery@gmail.com
2. Take credit of income tax deducted in USA in Indian return.
Anuj
+91-9810106211
femaquery@gmail.com
Message likes :
1 times
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
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- LC charges in relation to Asset purchased should be Capitalised ?
- FORM 26A APPLICABILITY
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- 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
