Income earned and a rised outside India but received in India will be considered as Indian Income or Foreign Income..?
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Origin of Income
Replies (5)
Foreign income but it is taxed in India as it is receiving in India
But the person whom it is received has worked from India as freelancer for a foreign company. it will still be foreign Income ..?
Yes it will be a foreign income and it will be taxable in India for Indian resident
Incidence of taxation
income deemed to arise or accrue in india .
there are Lots of other conditions.
income deemed to arise or accrue in india .
there are Lots of other conditions.
Ok as i mentioned the assesse is resident and is working for a foreign company based outside india his income is received is INR in indian bank account so is this income is required to be declared under Schedule FSI or FA of ITR 3 or filing an ITR-4 would be sufficient also the co is not deducting any tax.
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