As per Income Tax act,
Case 1: If one NRI person earned income in America but received from Indian bank means Taxable or non taxable in India?? he was in India for joining festival ceremony
Query : what income tax act clearly tells about foreign incomes and NRI tax ??
plse guide me
Menu
NON RESIDENT Person
Replies (5)
Firstly it should be received in India then taxable, when remitted to India then not taxable.
@ Thank you Soo much Shivam Bhatia sir......
The income was received in Indian account, but it was earned out of India,
& secondly he is NRI so only income earned or accrued in India will be taxable in India;
Thus the referred income is not taxable in India, even if credited to Indian bank account.
For Example, if one NRI receives income from it's services to Indian people's means taxable or non taxable??
Yes. taxable, because accrued in India.
Recent Topic
- TIS Glitch Alert : inflated summary
- IT returns of partners
- Challan status in Payment Failed but amount deduct
- Sec 54 exemption
- Query regarding retirement benefits
- TDS Payment and filing
- Capital gains exemption under sec 54
- Revamped traces portal, conso file download failed
- Due date of ITR for Option Trader
- Cancelled invoice entry
Related Topics
CAclubindia
