Taxation on foreign salary

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Subrata Bose (Querist)

06 October 2014 My friend received Salary in India of Rs. 10,50,0000 and in Bangladesh of Rs.10,65,000 in the F.Y 2013-2014. He stayed in India 142 days in the said financial year. What will be the taxation? Is the income from Bangladesh exempted ?

Nikhil Kaushik

Nikhil Kaushik (Expert)

07 October 2014 indian salary will taxable in India anyways.

for salary from Bangladesh, first finalize your friend's tax residency status.

Subrata Bose

Subrata Bose (Querist)

07 October 2014 He has been in India for 60 days or more in that year and 365 days or more in the 4 years preceding that year. So he is a ordinary resident. Now what will be taxation?

Nikhil Kaushik

Nikhil Kaushik (Expert)

07 October 2014 The whole of income will be taxed. Compute credit for taxes paid in bangladesh as per section 90/91

Subrata Bose

Subrata Bose (Querist)

07 October 2014 Thank you Sir for your valuable suggestion.

Nikhil Kaushik

Nikhil Kaushik (Expert)

07 October 2014 you are welcome.........

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