Funds transfered in nre account

Others 412 views 1 replies

My Client is an Indian Citizen by birth and UK citizen by nationality. He is retired from UK and residing in India since last 6 years and thus ordinary resident. He is receiving pension from UK after tax deduction in his UK-London Bank account and getting it remitted to India in NRE-SBI account. The question is whether the amount so received is exempt. The amount is  about Rs.10 to 12 lacs per year. 

 

Replies (1)

Sir i think it should be exempted in India as UK govt. is already deducting tax and if it is not exempted in India it may attract double taxation.

For more details you may check this here 

https://law.incometaxindia.gov.in/DIT/File_opener.aspx?fn=https://law.incometaxindia.gov.in/Directtaxlaws/cbdt/dta/A1_UK.htm


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register