Taxation in case of resident having foreign income
This query is : Resolved
Mohit Singla
(Querist)
05 August 2015
Dear Experts,
One of my client is working in Indonesia. For the Assessment year 2015-16, he is a resident. Now he have income in the both the countries.
and As per DTAA he will get the relief of the Tax paid in the Indonesia.
My question is how i file his ITR for the foreign income?
Is their any separate form/procedure for this thing?
and which conversion rate should be adopted for showing Foreign income in the ITR?
Please advice
One of my client is working in Indonesia. For the Assessment year 2015-16, he is a resident. Now he have income in the both the countries.
and As per DTAA he will get the relief of the Tax paid in the Indonesia.
My question is how i file his ITR for the foreign income?
Is their any separate form/procedure for this thing?
and which conversion rate should be adopted for showing Foreign income in the ITR?
Please advice
CA R SEETHARAMAN
(Expert)
05 August 2015
File ITR 2, no separate form, fill the relevant schedules FSI and TR. SBI TT buying rate has to be adopted for conversion.
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