Taxability

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 October 2010 whether salary received outside India for services rendered outside India in foreign currency but credited to NRE account in India is taxable? (as per IT Act, Money received in India is taxable - whether this concept applicable here?)

Thanks in Advance

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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13 October 2010 If the foreign employer is directly remitting the salary to the employee's NRE account in India,then salary is taxable in India otherwise not.

taxindiaconnect

taxindiaconnect (Expert)
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13 October 2010 Dear BC Sir,

It will be nice If you can explain the concept of taxability of Salary income as expalined above by you

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