Hi friends, Pls help . I am an indian employee.
Duribg PY 2015-16..i was sent to UK by my employer for four months..
I have earned 5 lacs in India for 8 months and 12 lacs in UK as salary income.
During PY 15-16, TDS deducted in India was 70k. No tax has been deducted in UK.
Since i am running short of time and due to lack ofknowledge, i am planning to file itr1 with 7 lac income in india..i m thinking not to mention foreign salary for the time being..and fill the return with zero tax payment.
If needed in future then i will recise return and will show total 17lacs as my income ( indian +abroad) and pay the balance tax liability..
Is this possible?? What may be the consequences of it..??
No tax deducted in UK.. so no double taxation relief wud be allowed..so itr1 is applicable or itr2?