Very very very urgent (taxable details)

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 March 2014 If a Indian Person Stay Outside of india for particulars Days as per IT act he is a NRI so i want to ask if the salary received to him there is it taxable in india or not if taxable its condition.

26 March 2014 salary received in India shall be taxable in India...however he can claim credit for taxes paid in India in tax return in country of his residence.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 March 2014 thanks nikhil but he is indian resident

26 March 2014 the rule is simple...if the person is NRI as per indian tax act, income earned in India only shall be taxable in India. rest of the income (earned in any other country) shall be taxed in the respective country.


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 March 2014 if salary received there and remitted to india then?

26 March 2014 if you transfer the money directly from employer's account to the employee's account in India, then it shall be deemed to be received in India and accordingly taxable in India

however, if you receive salary in your personal account outside India and then transfer it to another account in India, it shall not be taxable.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 March 2014 Thanking You Nikhil....


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query