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IT return of resident with salary income from singapore
An assessee is having salary income from 10 months in India. For remaining 2 months, he has earned salary income from Singapore. As he is resident in India, how the same should be reflected in his Indian ITR. Also, calendar year is followed in Singapore for tax filings and in India it is April to March. So how to claim tax credit ( currently we aren't aware if the salary is taxable in Singapore or not and if any taxes are paid.)
Replies (5)
The income which is accrued in India shall be reported in ITR. And for foreign income DTAA shall be considered
Wait until payment of tax in singapore.
after paying tax in singapore report your total salary(indian and foreign) in itr by claiming tax relief
after paying tax in singapore report your total salary(indian and foreign) in itr by claiming tax relief
Salary received by you during the period in which you were on an assignment in the US would be taxable in India. You may evaluate claiming foreign tax credits under the India-US Double Tax Avoidance Agreement, for the taxes, if any, paid in the US on the salary received during the assignment, subject to satisfaction of conditions.
Hi Sourav. Thanks for the reply. It's Singapore and not US.
Hi veerendar Singh ji. thankyou
Hi veerendar Singh ji. thankyou
You are welcome Raj Ji
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