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Salary from foreign nation

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(Querist)
05 February 2014 An Assessee was employed abroad where he got his salary in foreign currency. now after 5 months he returned to India and doing his own business. How his Income will be computed? In case his salary income to be converted into Rupees, what rate of exchange to be considered
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CA. Brijesh Baranwal

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CA. Brijesh Baranwal (Expert)
08 February 2014 This amount may not be taxable in India. However, it depends upon his residential status for the relevant year.
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Janak Varma

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Janak Varma (Querist)
08 February 2014 Assessee is Resident in India. In case such income is exempt please convey under which section or chapter
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