05 October 2013
Assesse is a Resident for AY 2013-14. During the PY he has salary from an indian Employer fro april 2012-jan 2103 on which no doubt TDS is deducted. But from FEb 2013 & March 2013 he is employed by a foriegn Employer say CHINA and is based totally in CHINA ,as a result of which tax is paid for last two months in CHina which nearly work out to 50% avg rate of tax. The issue is tax so payable in China is paid by employer say amountig to RS.600000/- & employee gets a tax free salary of Rs. 12,00,000/- (excl tax of 6,00,000/- so paid) so how to proceed ahead for filing ROI for 2013-14AY taking to consideration two crucial points Bilateral Tax relief & Tax Free Salary
CAclubindia
