Section for foreign income

This query is : Resolved

Umesh Gulabchand Soni (Querist)
Follow

07 January 2012 HI,

Please let me know in which section should i show the foreign income exemption as my residential status is NRI

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

07 January 2012 Such Income do not form part of Total Income.
As I know, NRI need not to show exemption under any section as the said income is not being included in the total income.

Message likes : 1 times

CA. Krishna K Neeraj

CA. Krishna K Neeraj (Expert)
Follow

07 January 2012 Foreign income of NRI is not chargeable to tax under the provisions of Income Tax Act (Section 5)

Message likes : 1 times

Umesh Gulabchand Soni

Umesh Gulabchand Soni (Querist)
Follow

07 January 2012 So while filling the return i should not show that income in my returns

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

07 January 2012 You have to show -
Taxable Income & Income which is specifically exempt from Tax ONLY.
.
INCOME NOT FORMING PART OF THE TOTAL INCOME
MAY BE UNDERSTOOD TO BE DIFFERENT FROM EXEMPT INCOME AND SUCH IT IS NOT REQUIRED TO BE SHOWN IN THE RETURN BY AN NRI.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now