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Income from london
actually my cousin went to London on 23.10.2016 to work for a foreign co. and he is earning salary and it credits in his foreign bank account after deducting tax by employer..,..my doubt is whether to show foreign income in his itr-1 along with indian income or whether he can file returns in London by showing his foreign income there without showing in India....please clarify....
Replies (3)
For AY 2017-18, your cousin stayed more than 181 days in India, and hence for IT purpose s/he will be treated as 'resident'
So, he/she has to file return in India (ITR1 not applicable in this case), and declare all his/her global income for assessment in India.
As the employer has already deducted tax from salary at London, s/he can get tax residency certificate, and based on that s/he can claim rebate under IT act.
For more details refer: foreign-income-of-resident-indian
sir why is itr-1 not applicable in this case
Because your cousin had/has foreign bank account where the salary got credited..........
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