Income Tax Query

Tax queries 889 views 6 replies

Dear All,

I am working in an Indian Company (registered in India) and I am also working for the same company in Germany and the income is arising from Germany which is then further transfer to India.

I want to know that, how it can be taxed, whether the Income arise from Germany is taxed at the time of receving their at Germany or whether it will be taxed after transfering to India. Further whether it will be taxed separately or will be taxed after clubbing with the Indian income.

Are their any benefits available to us for the Income of Germany being transferd to India as it a foreign currency.

 

Kindly do the needful.

Thanks to all in advance.

Regards

Manish Kr. Joshi

Replies (6)

Just apply One formula i.e. If it is recd in india then it is taxable irrspective of origin. If it is accrued in india then also it is taxable. in case person is NR and income neither accrue nor arises in india then it would not be taxable in india.

If it is taxable in india then income would be clubbed with indian income and rest treatment would be same as we follow normally

 thanks ca-praksh somany -for fundas----

thanks for information sir

gud information in simpler form

 yahi hey dear ca-praksh somani ji ki pehchan

for indian resident there is no such formula..........
 

global income of indian resident is taxable in india


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