salary in foreign currency with foreign bank a/c
This query is : Resolved
Ashok Soni
(Querist)
05 September 2016
F-1 visa holder get salay in foreign currency at USA with foreign bank a/c. what is the tax liability in India. he is a Indian resident?
Amol S Joglekar
(Expert)
05 September 2016
for indian "resident and ordinarily resident", as per income tax Act......the same is taxable.
For "resident but not ordinarily resident".....it is not taxable.
For "resident but not ordinarily resident".....it is not taxable.
Ashok Soni
(Querist)
05 September 2016
tax have been deducted by employers if it taxable in India there will be a double taxation?
Amol S Joglekar
(Expert)
05 September 2016
you can claim double taxation relief.....India is having DTAA (Double Taxation Avoidance Agreement )with USA
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Ito add credit side of bank
- GSTR9 Annual Return
- Employee secondment
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- Capital gain on commercial property and investment in residential property
- Rent agreement of House of deceased person
- Applicability of tax on invoice
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- 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
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
