Resident - foreign consulting services

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Chittimalla (Querist)
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29 December 2015 Dear Sir,

I have a consulting services agreement for a foreign company. I travel every alternate month for 28 days this will not earn a NRI status.
I get 400 euros as a daily consulting service charges for the day i work in a foreign country.
Is this income taxable in India ??
I get a day rate consulting charge not a salary outside India

Nikhil Kaushik

Nikhil Kaushik (Expert)
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29 December 2015 yes it will be taxable in India. doesn't matter if it is salary or consulting charge.

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Chittimalla

Chittimalla (Querist)
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30 December 2015 Thanks a lot for a quick reply.
How the tax rate is calculated for the consulting service i provide outside India and I am a resident.
I pay 10% tax in the foreign country also.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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30 December 2015 normal tax rate will apply for you as a resident. You can claim credit for the taxes paid outside India

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