During Indian FY 2012-2013, I was deputed to US just for a period of 5 months(from Sep 12,2012 to Feb 10,2013). I had opted for Salary Option in USD. Later this money was transferred from my US bank account to my Indian bank account through ICICI moneytoindia.
Considering above scenario, I have following doubts/queries w.r.t. implication of this foreign income on my Indian income tax calculations:
1. What was my Resident status in India during FY 2012-2013? (I understand it was Resident and Ordinary Resident as I was in India for more than 180 days during FY 2012-2013)
2. Would this foreign salary income be treated as Indian income during FY 2012-2013 when money is transferred back to India?
3. Am I supposed to pay income tax in India on this money during FY 2012-2013 or later?
Request you to kindly clarify this asap as this concern is giving me sleepless nights.
CAclubindia
