27 January 2011
Hello members, my query is regarding taxability of salary income in india. If a person is working in US company and is within us for every 2 month out of quarter and with one month stay in india is receiving salary in US Dollars, How is the taxability under IT Act, 1961 established. He has been indian resident prior to the F/Y 2010-11. What about the repatriation rules in which the quantam of income brought to indian in Foreign Currency is exempt. Please clarify in this regard.
CAclubindia
