SALARY CREDITED THR NEFT IN NRE ACCOUNT FOR SALARY EARNED IN
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 July 2011
IF A PERSON IS not ordinary resident during the P.Y. and earned a salry outside india and the same was credited to HIS NRE Account through NEFT WHETHER IT IS TAXABLE OR NOT
15 July 2011
Here the place where the services were rendered is to be seen.
As per my understanding, if services have been rendered outside India then the salary even though RECEIVED in INDIA should not be taxable.
However the Department shall always try to tax the same in INDIA on RECEIPT basis under sec.5 of Income Tax Act.
there are few case laws which support the non taxability of such receipts.
Anuj
0-9810106211
As per my understanding, if services have been rendered outside India then the salary even though RECEIVED in INDIA should not be taxable.
However the Department shall always try to tax the same in INDIA on RECEIPT basis under sec.5 of Income Tax Act.
there are few case laws which support the non taxability of such receipts.
Anuj
0-9810106211
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