Salary taxable or not?
This query is : Open
CA Saba Naaz
(Querist)
18 September 2017
Hi friends,
Please help me on this issue:
A person working outside India in a German company receives salary in his NRE account or Indian bank account. What will be the tax consequences in India-
a) in case he is resident in India
b) in case he is non-resident in India.
18 September 2017
1. Fully Taxable irrespective where it received.
2.Taxable only if received in Indian Bank.
CA Saba Naaz
(Querist)
18 September 2017
Thank you. How can a person save tax in this case?
Message likes :
2 times
18 September 2017
Received same in Germany.
Message likes :
1 times
18 September 2017
Received same in Germany.
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1 times
K Srinivas, CMA CS
(Expert)
18 September 2017
Thank you. How can a person save tax in this case?
If he's a resident, you can use options like 80C,80CCD,80D etc to save tax from income earned .
If he's a non resident, apart from basic exemption limit, 80C benefits are not available.
If he's a resident, you can use options like 80C,80CCD,80D etc to save tax from income earned .
If he's a non resident, apart from basic exemption limit, 80C benefits are not available.
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18 September 2017
But any person who is resident outside India& income accrued & received outside India then same is not taxable in India.
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K Srinivas, CMA CS
(Expert)
18 September 2017
Yes. I just wanted to compare that non resident cannot claim deductiopns under 80C though irrelevant here,
Message likes :
1 times
18 September 2017
Ya agreed with you on that matter.
Message likes :
1 times
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