Tax on income earned in foriegn country
This query is : Resolved
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?
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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
