salary
This query is : Resolved
sumitaggarwal
(Querist)
07 December 2009
My client was working with indian co. later in mid december 2008 he joined a co. in newzealand and newzealand income tax deducted. He was resident of india during f.y.2008-09. I have query
1. is his foreign salary taxabale in inida.
2. which rate of exchange to be taken for calculating the salary.
3. is double tax avoidance aggrement is with newzealand.
4. if yes, how the benefit is taken in indian income tax.
5.
1. is his foreign salary taxabale in inida.
2. which rate of exchange to be taken for calculating the salary.
3. is double tax avoidance aggrement is with newzealand.
4. if yes, how the benefit is taken in indian income tax.
5.
CA Anand Sarda
(Expert)
07 December 2009
1) Since he was a resident(stayed in India for more than 180 days) for the financial year 2008-09, for the purpose of Income tax, his foreign income earned from dec to march is taxable also in India at normal rates.
3) Ya there is Double tax Avoidance Agreement with Newzealand
4) The benefit can be taken by taking credit of tax paid u/s.90. For calculation u have to go thru procedure u/s.90
3) Ya there is Double tax Avoidance Agreement with Newzealand
4) The benefit can be taken by taking credit of tax paid u/s.90. For calculation u have to go thru procedure u/s.90
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
