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Resident Indian Income Earned From Abroad

Tax queries 190 views 1 replies

Manik

831 Points Joined February 2008

Hi Experts,

I have some query regarding Tax applicable on foreign income. One of my Indian Friends has gone abroad on 05th Feb 2023 and will return on 31st August 2023. So he is still basically resident Indian.He went abroad on job and was receiving UAE Dirham. I want to know Taxation impact on following scenerios ; -

1. In case my friend directly transferes 10000 Dirham from abroad directly into his Savings Account in India.

2. In case my friend first gets these Dirhams transfered to someone else NRI Account and that person then transferes the amount from his NRI Account to my friends Savings Account.

With Regards,
Manik

Replies (1)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

197776 Points Joined July 2016

In either case there is no tax savings. Being Resident Indian, his aggregate global income is taxable in India. So, after tax payment he may utilize or transfer the said amount in any mode to his account in India.