Income tax on amount received from Foreign company outside India
This query is : Resolved
21 August 2022
Hello,
How should one file income tax on amount received from foreign company outside India.
The amount is being transferred as NEFT and there is no form provided by that employer apart from payslip.
Should I just be calculating overall amount received and show it in income from other sources and pay tax according to my slab.
Note: Employer confirmed verbally that there is no tax deducted in foreign country. So there won't be any tax credit. There is no official document to prove this.
Thanks in advance.
How should one file income tax on amount received from foreign company outside India.
The amount is being transferred as NEFT and there is no form provided by that employer apart from payslip.
Should I just be calculating overall amount received and show it in income from other sources and pay tax according to my slab.
Note: Employer confirmed verbally that there is no tax deducted in foreign country. So there won't be any tax credit. There is no official document to prove this.
Thanks in advance.
21 August 2022
Yes Calculate overall amount received and show it under salary head in ITR and pay tax as per slab rate.
Keep the pay slip and NEFT transfer details.
Keep the pay slip and NEFT transfer details.
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