Dear All
A am working at Nepal for Indian Company since Nov,2011.and Iam getting salary in India in Indian currency only,
in this case, wether will i get any tax exemption
pleae give your valuable suggestions
R.Prabhakar
prabhakar (service) (36 Points)
07 January 2012Dear All
A am working at Nepal for Indian Company since Nov,2011.and Iam getting salary in India in Indian currency only,
in this case, wether will i get any tax exemption
pleae give your valuable suggestions
R.Prabhakar
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 07 January 2012
As per provision of Income tax Act,1961 Salary received in India is fully taxable...
Read Section 9(1) for more reference..........
Tanash Chakraborty
(KPMG)
(292 Points)
Replied 07 January 2012
yup....if you recieved it in india it is taxable...but if you can make any arrangement in which the amount is recieved by you in your nepal bank account in nepal...if you do so that amt will not be subject to tax...but for this tohappen your residential status needs to be either a resident and NOT ordinarily resident OR non resident durnig the previous yr 2011 12
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