20 August 2016
If someone is working in american company in USA and have salaried income on which tax deducted by the company and there is only interest income in India which is less than basic exemption limit, is it mandatory for him to file ITR in India and show his interest income which is earned in India with salary income which is earned in USA? For example Salaried income 10 lakh rs earned in USA Interest income. 1 lakh rs in india
21 August 2016
Salary income earned in USA is exempted. No need to file return disclosing that income. Return has to be filed only when interest income exceeds 2.50 lacs.
21 August 2016
India taxes on the basis of residence if the personal is non resident. Then his income earned outside India will not be taxed in India however his interest income will be taxed, but in this case his income in India is below taxable limit hence he is not required to file tax returns in India
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