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Inland Revenue

Tax queries 543 views 1 replies

Dear Sir,
My client is an Actress.She was perform the stage show in UK dt 13/02/09.
I have the foreign entertainers tax deduction certificate stating her income as below in pound:
Gross amount paid : 5000.00 Pound
Tax Deducted : 1100.00 Pound.
Her bank book show Rs.274028.00 INR entry.

Kindly give me detail about any the Income Tax Exmeption and Account book entry for that transaction.

Regards,

Shrikant Velekar

Replies (1)

Hie,

See first of all you have to confirm the receipt from the banking channel that how much amount has been credited in her account by way of stage performance. once you confirm the earning you should know the status of your client i.e. Resident, Non Resident etc. In case your client is proved to be a Resident, then calculate the amount of tax payable by considering the Articles conferred by the DTAA agreement that have been signed by the Indian Govt with the foreign govt.

The amount of tax that has been deducted outside is known as Withholding Tax and has to entered in the same way as TDS.


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