Are foreign remittances exempt if tax has been deducted in india?
Srishti Shetty (Final CA student) (89 Points)
12 July 2016Srishti Shetty (Final CA student) (89 Points)
12 July 2016
CA Mehul Chudasama
(Chartered Accountant)
(618 Points)
Replied 12 July 2016
Deduction Of TDS U/s 194J Itself reveal that his income is taxable india
CA Mehul Chudasama
(Chartered Accountant)
(618 Points)
Replied 12 July 2016
Mere remittance is not taxable
Srishti Shetty
(Final CA student)
(89 Points)
Replied 13 July 2016
Isn't TDS to cut u/s 195,since Payments are made by an Indian Co. to a Non Resident?
CA Mehul Chudasama
(Chartered Accountant)
(618 Points)
Replied 14 July 2016
Need To Confirm Residential Status Of That May Be He Is Resident
If He Is Non Resident And Working In Abroad And Not Providing Any Service To Indian Company Then His Income Is Not Accrues And Arise In India So TDS Not Applicable (Exception If He Is Received Professional Fees Directly In India)
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