Income tax of non-resident

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DK TAX CONSULTANCY (Querist)

31 August 2018 One of my client Have Income from Foreign Countries as Salary Income.
He received the salary from that Foreign Companies to His NRE Account in India.
Is such salary taxable in India ? Is the Interest credited on Such NRE Account is taxable in India ?
Also what is the due date for his Income tax filing in India ? what are the incomes considered as taxable in India? Anyone Explain this ... kindly

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)

31 August 2018 All depends on the residential status of your client. Generally NRE deposits are not taxed as it is the account maintained by non residents for remittance from abroad.

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)

31 August 2018 Check your client's residential status - if he is a resident, then the salary income from his employer abroad, interest income in NRE accounts etc will be taxed along with his other income earned or accrued in India or abroad

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)

31 August 2018 Due date for return filing is 31/07 every year. For the current Assessment year, last date is today 31/08/2018

DK TAX CONSULTANCY

DK TAX CONSULTANCY (Querist)

31 August 2018 Thanks a lot for your reply sir.. useful suggession

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)

31 August 2018 You are most welcome

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