Nre taxation
This query is : Resolved
10 December 2011
I am holding an NRE account in India and working in Qatar. My salary is getting credited in my account from my UK head office though my work place is Qatar. Do my income is taxable in India? I am an NRI as per the definition of non resident. Appreciate your support
10 December 2011
In NRE A/c proceeds are remitted through banking channels so as to reach in your NRE A/c. These proceeds are in Foreign Exchange .
It is in respect of salary earned outside India. The salary received through NRE A/c is not taxable. It can be treated as remittance only.
It is in respect of salary earned outside India. The salary received through NRE A/c is not taxable. It can be treated as remittance only.
Message likes :
2 times
10 December 2011
Thank you so much. The IT act says income accured and recieved in India is taxable. In my case the salary is debited directly from my headquarters in UK and I am working in Qatar and hold a work permit. Is this taxable? apologies for repeating the question..
11 December 2011
If convenient, you may open a Bank A/c in Qatar also. Here, place of receiving salary is the main concern. It is deemed that the amount brought through NRE A/c is received first in foreign exchange by an agent (Bank)
who remits the same to you. You may envisage other experts opinions also.
who remits the same to you. You may envisage other experts opinions also.
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- Consolidated financials
- Section 50-fixed asset-->building ceases to exist
- TDS on TRUST
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
