Salary income income in uk by a resident individual-tax?
This query is : Resolved
19 July 2014
Hello everyone,
one of my client has following income
salary in india-500000 (Apr to dec 13)
salary in UK-400000 (jan 14 to march 14)tax deducted in UK-25000
How to compute tax liability for filing income tax return in india ?
one of my client has following income
salary in india-500000 (Apr to dec 13)
salary in UK-400000 (jan 14 to march 14)tax deducted in UK-25000
How to compute tax liability for filing income tax return in india ?
19 July 2014
Sir, how to present my answer in ca final theory paper....
agar qstn. like 4 marks, 8 marks ka ho....
plz tell
19 July 2014
the whole of the income is to be offered to tax in India.
after that you would claim credit for the taxes deducted in UK under section 90/91 to set off your Indian tax liability
after that you would claim credit for the taxes deducted in UK under section 90/91 to set off your Indian tax liability
Message likes :
1 times
23 August 2014
Thanks for your valuable reply.
I still have following query
1. How to convett salary & Tax in $ into INR
and
2. How to take credit. you have mentioned two sections 90 and 91 ?
I still have following query
1. How to convett salary & Tax in $ into INR
and
2. How to take credit. you have mentioned two sections 90 and 91 ?
23 August 2014
conversion should be done on the basis of SBI TT buying rate on the date on which the particular income was received.
the credit in your case would be under section 90
the credit in your case would be under section 90
Message likes :
1 times
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
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Loan by Partnership Firm
- Plot of land. Cost of Acquisition
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
