Hi to All,
If any one is deputed for international assignment on work permit from his company and his resident status is RI (not NRI), then transferring money from foreign earning to Indian account will be added to current year income?
E.g.
An IT guy, worked till Oct in India and moves to Europe for company assignment on work permit, he is paying tax in European country for Europe salary and also tax in India on Indian salary. If he transfers his saving from Europe to India in Dec-Mar, then will that amount be added to his current year India income and liable for income tax?
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Income in foreign country
Replies (3)
No,You are liable to pay tax only on that income which have been accrued and received in india.
The salary income which you have earned from abroad will not be taxed in india as the salary income income is deemed to be accrued in that country where the services is given.
Also,If you send your outside income india then it will be remittence,not income and it is exempt from tax in india.
Salary of foreign country shall also be taxable in India but you should be able to get credit of taxes paid outside India.
Anuj
femaquery @ gmail.com
I agree with Anuj Gupta Sir based on common sense.
Does section 90 relief apply even to salaries?
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