Social security benefits received from out of india
This query is : Open
02 August 2013
RESPECTED SIR,
I WANT TO ASK A QUESTION THAT IF A PERSON RECEIVING SOCIAL SECURITY BENEFITS AND PENSION FROM USA WHICH WAS TAXED THERE ALREADY ...
1) DO WE NEED TO PAY INCOME TAX AGAIN HERE IN INDIA?
2) IF IT IS EXEMPT, DO WE NEED TO SHOW IT INCOME TAX RETURN? IF YES, UNDER WHICH HEAD AND HOW?
PLEASE HELP ME SOLVING THIS....
THANKING YOU IN ADVANCE...
SAGAR
I WANT TO ASK A QUESTION THAT IF A PERSON RECEIVING SOCIAL SECURITY BENEFITS AND PENSION FROM USA WHICH WAS TAXED THERE ALREADY ...
1) DO WE NEED TO PAY INCOME TAX AGAIN HERE IN INDIA?
2) IF IT IS EXEMPT, DO WE NEED TO SHOW IT INCOME TAX RETURN? IF YES, UNDER WHICH HEAD AND HOW?
PLEASE HELP ME SOLVING THIS....
THANKING YOU IN ADVANCE...
SAGAR
02 August 2013
pls mention about the source of income and whether the person is non resident or not and period of stay in india.
02 August 2013
THANX FOR QUICK REPLY SIR..
THE PERSON IS RESIDENT RETIRED SENIOR CITIZEN HAVING NO OTHER INCOME APART FROM FD INTEREST AND BANK INTEREST INVESTED IN INDIA...
THE PERSON IS RESIDENT RETIRED SENIOR CITIZEN HAVING NO OTHER INCOME APART FROM FD INTEREST AND BANK INTEREST INVESTED IN INDIA...
02 August 2013
if it is resident he will not have benefit for double taxation avoidance agreement.
further he needs to disclose all sources of income whether indian or foreign.
further he needs to disclose all sources of income whether indian or foreign.
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02 August 2013
SIR, THANK U... BUT THE SECOND QUESTION IS UNANSWERED THAT HOW TO SHOW SOCIAL SECURITY IN INDIAN INCOME TAX RETURN AND UNDER WHICH HEAD?
02 August 2013
if it was received on the basis of salary then it will be shown under income from salary.
the basis on which you received it will decide the head.
the basis on which you received it will decide the head.
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