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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- GST on reimbursement of expenses
- Movement of goods by packers and movers - type of sale - Reg.
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Wrong CMPo8 file
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
