Dear all,
I have a query w.r.t an assessee who was resident in India till Oct'20 and later he moved to Singapore on employment basis. Since he has stayed more than 182 days in previous 2020-21 year he is to considered as resident of India and his global income will be taxed in India.
He has earned income from salary in Singapore from Nov'20-Mar'21 and have paid taxes for Nov'20-Dec'20 in Singapore as per the local laws. Can you please help me on the below:
1. Rate at which Singapore income to be converted in to INR
2. Is there any relief for the income earned in Singapore (as per DTAA)
3. Tax paid for Nov'20-Dec-20 can he take the credit for the same in India
4. Since the taxes in Singapore is calculated on calendar yearly basis Jan-Dec how about the tax credit for the period Jan'21-Mar'21 which will be paid in 2022
Thanking you,
Sandeep
CAclubindia
