Taxtion of us salary in india
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 August 2018
Hii Please Tell me Tax Treatment of US Salary Received by Resident and ordinary resident Person of Indian.
Adjusted Gross Income $ 19,055.00
Taxable Income $ 8,655.00
Total Tax $ 868.00
(Federal Tax Return) State Tax Paid in USA
Taxable Income $ 10,305.00
Total Tax $ 567.00
Total Payments/Credits $ 924.00
Pls. Tell me how this amount shown as tax return in India
Adjusted Gross Income $ 19,055.00
Taxable Income $ 8,655.00
Total Tax $ 868.00
(Federal Tax Return) State Tax Paid in USA
Taxable Income $ 10,305.00
Total Tax $ 567.00
Total Payments/Credits $ 924.00
Pls. Tell me how this amount shown as tax return in India
K Srinivas, CMA CS
(Expert)
29 August 2018
Since double taxation avoidance agreement is in place between India and the US, you can claim the benefit under Section 90 of the IT Act
K Srinivas, CMA CS
(Expert)
29 August 2018
Ensure to file Form 67 for the Income received from USA
K Srinivas, CMA CS
(Expert)
29 August 2018
For conversion rates, TT buying rate of SBI on date of payment of income will be considered
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