Tax on income earned in foriegn country
This query is : Resolved
GAJENDRA RANGOONWALA
(Querist)
17 June 2015
My client , a Singapore passport holder is staying in India since last 10 years.The client is having income from interest and rent in India and also earns income in Singapore and Hong Kong from business,interest and rent.My query is that the client is required to pay tax on income earned in Singapore and Hong Kong while filing of return of income in India.Whether he can bring this income in India?If yes, whether he has to pay income tax on money brought to India?
Nikhil Kaushik
(Expert)
17 June 2015
yes. he is a tax resident in India and his global income is to be taxed in India. Only incomes are to be taxed...not the remittances.
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