It payment
This query is : Resolved
17 November 2013
My friend is working from home for a foreign enterprise and he receive the salary of RS.50000 from US his he liable to pay the tax in India or he exempt for tax..
17 November 2013
As per the Income Tax Act, in case of a person RESIDENT in Indian, the global income is taxable.
Hence, in case of your friend, assuming that he stays in India only and receives any payment from US, the same is taxable in India.
However, please note that any taxes paid/ deducted in US can be claimed as Foreign TAx Credit.
Hence, in case of your friend, assuming that he stays in India only and receives any payment from US, the same is taxable in India.
However, please note that any taxes paid/ deducted in US can be claimed as Foreign TAx Credit.
17 November 2013
As per the Income Tax Act, in case of a person RESIDENT in Indian, the global income is taxable.
Hence, in case of your friend, assuming that he stays in India only and receives any payment from US, the same is taxable in India.
However, please note that any taxes paid/ deducted in US can be claimed as Foreign TAx Credit.
Hence, in case of your friend, assuming that he stays in India only and receives any payment from US, the same is taxable in India.
However, please note that any taxes paid/ deducted in US can be claimed as Foreign TAx Credit.
17 November 2013
If the income arise or accrue in India one is liable to pay tax on such income...
17 November 2013
Dear Ashish,
As suggested by other experts, this income shall be taxable in India. Plus, it is expected that US company shall also withhold certain taxes in US.
With respect to such taxes, credit can be claimed in Indian tax return. Please refer to this wonderful PPT by Rishi Halalkar.
https://www.bcic.org.in/Presentations-TaxConference-Sep12/Mr.%20Rishi%20Harlalka.pdf
As suggested by other experts, this income shall be taxable in India. Plus, it is expected that US company shall also withhold certain taxes in US.
With respect to such taxes, credit can be claimed in Indian tax return. Please refer to this wonderful PPT by Rishi Halalkar.
https://www.bcic.org.in/Presentations-TaxConference-Sep12/Mr.%20Rishi%20Harlalka.pdf
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
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- Bank details not Visible on Traces Portal
- Taxability of Partnership firm for FY 2025-26
- Journal entry of busniess expenses
- LIC maturity claim whether taxable
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
