Social security benefits received from out of india

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SAGAR (Querist)
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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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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.

SAGAR

SAGAR (Querist)
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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...

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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.

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SAGAR

SAGAR (Querist)
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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?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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.

SAGAR

SAGAR (Querist)
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02 August 2013 THANK YOU SIR.....

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