Tax on foreign income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 May 2012
Mr.X (resident in India)receiving remuneration in the capacity of director,in Hongkong (not having DTAA with India)and tax is not paid on such remuneration.
IS this amount equivalent to approx INR 2100000 taxable in India or not.
if taxable then,fully taxable or a pert.
thanks
IS this amount equivalent to approx INR 2100000 taxable in India or not.
if taxable then,fully taxable or a pert.
thanks
24 May 2012
Fully taxable in India.
Message likes :
1 times
CA CS Amit S. Kedia
(Expert)
24 May 2012
Agree with Mr Siddhartha,
Income earned by resident is Always taxable in india irrespective of the country in which it is earned or received.
Income earned by resident is Always taxable in india irrespective of the country in which it is earned or received.
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