Hi All,
I took up a job in UK starting Jan 2012. Since I was in India for more than 6 months, I am considered Indian Resident. As a result, I guess I have to pay income tax for UK income as well. I have paid tax to UK goverment for the income earned in UK.
I had a few questions?
(a) Can I claim deduction of any kind on my UK income? For example, is there a HRA eqvivalent that I can claim on UK income? I have been staying at a rented place and pay a substantial rent in UK.
(b) Under what head do I mention UK income? Would it be salary income or just other income?
(c) Do I need to take any letter from UK tax authorities to claim tax credit against tax paid to UK government.
(d) What is the conversion rate that I can use for converting UK pounds to INR?
Regards
Ashok
CAclubindia
