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Income tax

Deepak awasthi (student) (182 Points)

17 March 2017

pension recd from USA govt .what will be the treatment

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (194305 Points)
Replied 17 March 2017

Taxable to Resident (ROR) Indian, subject to DTAA between India & US

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Deepak awasthi (student) (182 Points)
Replied 18 March 2017

She is in India since last 12 years n receiving pension then

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (194305 Points)
Replied 18 March 2017

As per Article 20(2) of the Double Tax Avoidance Agreement (DTAA) between India and the U.S., such Social Security Benefits and Public Pensions paid by the U.S., even to an Indian Resident and R&OR under Indian Tax Laws, are taxable only in the U.S. and not required to be offered for income-tax in India. and hence according to the article 20 (2) of DTTA pension from us need not be taxed in india again

Read more at: https://mukeshpatel.in/save-tax-the-smart-way/pensions-social-security-from-us-uk-tax-exempt/