ITR for Foreign Income (Status - Resident and Ordinarily Resident)
This query is : Resolved
30 June 2022
Dear Experts,
How to compute and file Income Tax Return of Individual (Status - Resident and Ordinarily Resident) if have income from Indian Company as well as foreign income. Please guide.
How to compute and file Income Tax Return of Individual (Status - Resident and Ordinarily Resident) if have income from Indian Company as well as foreign income. Please guide.
30 June 2022
File ITR 2 in case of other than business foreign income.
File ITR 3 in case of foreign business income.
File ITR 3 in case of foreign business income.
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30 June 2022
All your global income will be liable to tax in India i.e., all the income earned during the FY will be liable to tax in India.
If you have paid any tax on the foreign income abroad then that will be provided as a tax credit while paying the tax in India depending upon the DTAA of India and that Country.
If you have paid any tax on the foreign income abroad then that will be provided as a tax credit while paying the tax in India depending upon the DTAA of India and that Country.
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