A Person Resident (Working in India in Forign Company) and earning salary in Swiss Franks. What is the Tax benefit?
Ashok Kelkar (B.Com) (143 Points)
17 December 2015A Person Resident (Working in India in Forign Company) and earning salary in Swiss Franks. What is the Tax benefit?
Abhishek Satam
(financial execetive )
(86 Points)
Replied 17 December 2015
no special benifits..as income is generated and received in india.........taxable as income from salary
Senu Reddy
(ca final)
(291 Points)
Replied 17 December 2015
As you are resident in india and earning in terms of foriegn currency no rebate will be allowed you will be taxedin terms after converting the foriegn currency into indian rupees..
Niraj Bista
(A/C)
(70 Points)
Replied 17 December 2015
Ankit Taprania
(CA FINAL )
(542 Points)
Replied 17 December 2015
RESIDENT + working in INDIA . you got to be kidding me . NO benefit . calculate tax as per slab rate .
Ramesh
(Student)
(90 Points)
Replied 18 December 2015
A Resident working in India having SALARY,no tax benefit at all.
Liable for tax under normal tax system.
CAclubindia
