Indian resident with foreign income under dtaa

744 views

Save Share

Guest

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..

Replies (2)

Guest

Posted on 30 July 2012

Pls go thro and suggest the tax implication..

CA. Anuj Gupta

Practices in NRI Int.Tax FEMA TP FD

6092 Points Posted on 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..