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Foreign income and income tax

Tax queries 194 views 1 replies

Prem Parkash

project engineer

33 Points Joined May 2016

Hello Dear All,

myself is prem parkash doing job in spain based company in Nepal as project engineer for last one year and 3 months. Here i get salary in salary accounts after deduction of income tax as per Nepal's IT Rules. I have PAN card issued by Nepal Department too.

Everymonth i remmitted my salary from my Nepal's salary account to Indian saving account.

Plz guide me wether now i have to file IT return in India or not.

If yes then how my income wil be treated as i already pays IT in Nepal.

With regards

Prem Parkash

Replies (1)

Anubhav

Chartered Accountant

429 Points Joined March 2008

Hi Prem Prakash,

Kindycheck your residential status in India in the year in which Income was earned. Once it is determined, then the next step is to determine the taxaility of income earned in Nepal in India. If taxable in India, then a computation of Income will have to be drafted, in which effect of double taxation relief as per Indian Law and the relief as per the agreement between India and Nepal is to be given.

In case of query, feel free to mail us at anubhav.jain @ skparekh.com

Anubhav Jain

SKP Direct Tax

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