Hi,
I work for an Indian company and have to travel abroad for a couple of months each year. When I'm abroad I get paid salary in the foreign country (mostly USA). For FY 2010-11 I way out of India in USA for a total of 4.5 months during which I received salary on which I payed tax in USA. I've transferred my savings in USD to my India bank account.
I wish to know
a. What is my India IT filing status for FY2010-11. (i belive it would be resident since I was in India for more than 182 days)
b. Should I show my US savings that I transferred to India in the India IT return?
c. If so will it be taxable or not?
d. If it were taxable will I be able to get tax credit for the amount paid by me as income tax in USA?
e. I also received my US tax refund for FY2010 in Mar 2011 which I transferred to my India INR account in July 2011. Should I show that as well in my FY2010-11 IT return?
Your response would help me file my return accurately.
Thanks a lot,
Satsang