Retirement benefits

Tax planning 336 views 1 replies

Hi,


I have a query,
The assessee is deceased and his Indian return is to be filed for AY 2012-13. His Indian income is above basic exemption limit. The assessee was a USA tax resident and paid tax on his global income in USA. The assessee has paid tax in USA on Retirement account as well as on Social Security account(both of these are income from USA only) Will he be able to take credit of these taxes in his Indian Income Tax Return as per DTAA???

Please reply

Regards

Replies (1)

There is DTAA with US and other 65 countries.

If he has paid tax on global income, including Indian income, then he will get tax credit.

Let others reply


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details