Tax on foreign income
This query is : Resolved
01 May 2018
A PERSON (NRI STATUS) IS HAVING BUSINESS INCOME IN INDIA FOR RS.25,00,000/- DURING THE FINANCIAL YEAR 2017-18 AND INCOME OF 42000 AUSTRALIAN DOLLARS IN THE SAME YEAR AND PAID TAX ON THIS INCOME IN AUSTRALIA. WHAT IS THE TAX POSITION IN INDIA ON BOTH INCOMES.
01 May 2018
Since that person is NRI then his Indian income only is taxable in India and not the global income.
01 May 2018
Since that person is NRI then his Indian income only is taxable in India and not the global income.
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