banner_ad

Tax computation

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 September 2014 My earnings are 75 lakhs from overseas Consultancy and 20 lakhs from Indian Cosultancy.

Taxes deducted for overseas consultancy abroad is 19lakhs and I get certificate from the Finance ministry of that country.

Taxes deducted for Indian consultancy are 2.0lakhs.

Income from other sources like FD interest is 2.5lakhs.

How to calculate total tax liability?
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
18 September 2014 you compute the normal tax liability as done for any other resident Indian and then claim credit for taxes paid outside India under section 90
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
26 September 2014 yes you can calculate the tax m=normal way and take claim of TDS
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details