Taxability of salary received in nre account
This query is : Resolved
16 April 2016
a person who work in merchant navy (singapore based company) and received salary in NRE ACCOUNT in india then what is the tax liability,
1.is it taxable in the hands of person.
2.is that different opinion for Resident and Non Resident
please advice
1.is it taxable in the hands of person.
2.is that different opinion for Resident and Non Resident
please advice
CA R SEETHARAMAN
(Expert)
16 April 2016
1 Not taxable as salary earned out side India being NRI and credited in NRE ac.
2 Such salary earned by resident is taxable in India but relief can be claimed on any tax on it paid out side India. Non resident such salary is not taxable in India.
2 Such salary earned by resident is taxable in India but relief can be claimed on any tax on it paid out side India. Non resident such salary is not taxable in India.
Murtaza I Bhagat
(Expert)
16 April 2016
agree with expert, 2. it is different opinion due person resident in india or not and if not then not taxable in the hands of that person.
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