I worked in US from Feb/26/2006 to Jun/16/2006 for approx 3.5 months. I paid taxes in US for the income earned during this period. The US income earned was transferred to my India regular Savings A/c after returning back. While filing my tax returns in India for the Year 2006-07, I did not report the US income. I had only reported the Indian income earned from June-2006 to Mar-2007. Recently, I received a email letter from income tax requesting to pay taxes on this income. Requesting your guidance:
- Is this income taxable in India?
- What is the process to clear this issue with the income tax department?
Regards
Vijay
Menu
Tax on us income
Replies (2)
Yes this income will be taxable here also if you are a resident in India for that year
Pay your taxes, See if you can get benefit of DTAA with US
yes.
you will have to pay tax on the income earned from foreign as you are an ordinary resident in indian.
for ordinary resident in india, global income is taxable.
Recent Topic
- TDS ON RENT BY TENANT
- Forward tax charge gst related
- SBI direct mutual funds ITR
- 44AE Section
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
- SBI gold bond interest
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
Related Topics
CAclubindia
