Salary foreign income ks taxable or not
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 January 2018
My friend job at Mozambica for7 month. His salary in USD credit in indian bank. His Income in india is taxable or not. There is no tax and not any deduction. Expert Please advise.
ACS Gaurav Jain
(Expert)
30 January 2018
Income Received directly to Indian Account is taxable. It will come Income received in India. also look for Period for which he stay
Nupur Sharma
(Expert)
30 January 2018
Income will be taxable in India and will have to be shown in the Income tax return irrespective of the residential status of the person- whether NRI or RI.
Income will be taxable because it has been credited here although was due in some other country. Had it been credited in an overseas bank account, then it would have been exempt.
Income will be taxable because it has been credited here although was due in some other country. Had it been credited in an overseas bank account, then it would have been exempt.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Tax on Amount transferred in HUF Account
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- 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
- 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?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
