Income tax on fund trfd from foreign country
This query is : Resolved
16 February 2015
If a person earns some income in a foreign country (let's say dubai) and then send this amount to India in his saving a/c. If this income will be taxed in India, if yes then at what rate ? Status of that person in that particular year is Resident. And will it make any difference if the status is Non-resident.
17 February 2015
if the person is Resident then all income is taxable in the hand of person and it depends upon the Assessment year and the age of the person the amount forming exemption limit.
if NRI, then Income received,accrues, arise In India and Deemed to Accrues,Arise and received in india be only taxable
if NRI, then Income received,accrues, arise In India and Deemed to Accrues,Arise and received in india be only taxable
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
- Tax on Deemed Capital Gain
- TDS on property - Form 141 query
- Exiting partner in partnership firm in gst portal
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- TDS offline utility
- Due Date Clarity
- ITR-3 File/Error Found
- Taxability of credit in canara bank ET & T section (NRO)
- Difff in ais receipts and gst turnover
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- 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
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
