Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More


(Guest)

Indian resident with foreign income under dtaa

Dear All,

 
I want a suggestion on the following issue:
 
Assessee was in India during the PY for more than 182 days thus an Indian Resident. He was employed in France for 5 months and tax was computed as per the French laws.
 
He also earned salary in India and TDS was deducted as per Indian law accordingly (for the period he was in India).Now for ITR in India as per provisions of residential status and tax incidence,
 
1) Will foreign income come under perview of taxation (though there is DTAA existence with France)?
 or there is no need to show foreign salary in ITR in India as it has already been taxed in france?
 
2) What is the tax implication if assessee transfers certain amount of his income earned in France (which is already taxed) to his Indian bank account?
 
Plz suggest. Thanks in advance..


 2 Replies


(Guest)

Pls go thro and suggest the tax implication..

CA. Anuj Gupta

CA. Anuj Gupta (Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)     16 August 2012

Originally posted by : Member (Account Deleted)

Dear All,

 I want a suggestion on the following issue:

 Assessee was in India during the PY for more than 182 days thus an Indian Resident. He was employed in France for 5 months and tax was computed as per the French laws.

 

He also earned salary in India and TDS was deducted as per Indian law accordingly (for the period he was in India).Now for ITR in India as per provisions of residential status and tax incidence,

 

1) Will foreign income come under perview of taxation (though there is DTAA existence with France)?

 or there is no need to show foreign salary in ITR in India as it has already been taxed in france?

 Salary taxed in France shall be needed to shown in Indian Income Tax Return.

2) What is the tax implication if assessee transfers certain amount of his income earned in France (which is already taxed) to his Indian bank account?

No tax implication, except that amount is chargeable in India as explained in point no.1.

Plz suggest. Thanks in advance..

Anuj

femaquery @ gmail.com
 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading
Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:

Trending Tags