Taxation of income from outside india
This query is : Resolved
13 June 2013
Sir
We came across the following situation.
Our client is a resident in INDIA, and has received interest income(say 100000/-) from USA subsidiary.
TDS(say 15000/-) has been deducted on the same interest income.
Whether the net interest income(RS 85000/-) received would be taxable in INDIA,,,??
Thanks you
We came across the following situation.
Our client is a resident in INDIA, and has received interest income(say 100000/-) from USA subsidiary.
TDS(say 15000/-) has been deducted on the same interest income.
Whether the net interest income(RS 85000/-) received would be taxable in INDIA,,,??
Thanks you
Rupesh Jain
(Expert)
13 June 2013
you can calim td deducted in usa when file return .
show full intt as income
and claim tds on intt. as TDS
show full intt as income
and claim tds on intt. as TDS
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