Salary from foreign nation
This query is : Resolved
Janak Varma
(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
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.
Message likes :
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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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