Taxabilty on foreign income
Querist : Anonymous
I am resident of India, will be receiving income from a US company as IT engineer(employee).
1. Is there any option to choose to deduct tax at source or pay by self assessment in India?
2. What would be the applicable tax in both the options?
3. What would be the beneficial way for me to save tax?
4. Besides this what all benefits or exemptions I can claim?
Would be thankful a lot to get any help!
02. If your Us Company is deducting any withholding tax from your salary, you can claim the same as double taxation relief while paying income tax in India.
03. You need to pay the tax in advance, 15/9/2014,(30%) 15/12/2014 (30%)and 15/3/2015(40%), if your income tax liability for the year is likely to exceed inr10000, after take into account the double taxation benefit if any
Querist : Anonymous
Whether i can apply for Advance Ruling??
Querist : Anonymous
If I get to choose to pay tax by myself den should i show it under Salaries or under contract/Professional??
Which would be the beneficial way for me to save my tax from above options??
Click here to login now
Similar Resolved Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- MSME disclosure and disallowance
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
