Resident indian and global income
This query is : Resolved
ANKUR DEGADWALA
(Querist)
11 September 2014
PERSON A HAS BEEN TO ABROAD SERVICING THERE AND NOW HE HAS COME BACK TO INDIA AND STATUS OF THE PERSON IS RESIDENT RIGHT NOW.
NOW PERSON DERIVES INCOME FROM ABROAD IN FORM OF PENSION, CAPITAL GAINS AND OTHER SOURCES INCOME I.E INTEREST INCOME ETC. NOW WHICH KIND OF GLOBAL INCOME ATTRACTS TAX IN INDIA IN THE CASE OF RESIDENT AND WHICH KIND OF GLOBAL INCOME DOES NOT ATTRACT TAX IN INDIA IN CASE OF RESIDENT ?
NOW PERSON DERIVES INCOME FROM ABROAD IN FORM OF PENSION, CAPITAL GAINS AND OTHER SOURCES INCOME I.E INTEREST INCOME ETC. NOW WHICH KIND OF GLOBAL INCOME ATTRACTS TAX IN INDIA IN THE CASE OF RESIDENT AND WHICH KIND OF GLOBAL INCOME DOES NOT ATTRACT TAX IN INDIA IN CASE OF RESIDENT ?
11 September 2014
once he is resident for a year then all income whther foriegn or indian unless specifically exempted is taxable.
ANKUR DEGADWALA
(Querist)
11 September 2014
KINDLY SPECIFY WHICH INCOME ARE SPECIALLY EXEMPTED ?
11 September 2014
only indian income is exempted like pension etc all foriegn income are taxable
gbalakrishnan
(Expert)
12 September 2014
u have to say what kinds of income u got then it is possible what is exempt. Else approach any CA who would help u but you need to clearly specify!
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