Taxability of nri

547 views

Save Share

Join Us Follow Us Add as Source

AASHI

Pursuing articleship

870 Points Posted on 18 July 2014

I have a client who is an NRI.

He receives salary from Australia and tax is also deducted there. We have the TDS certificate of Australian Government.

My queries are-

1.Which form is to be filled with the income tax department if he receives salary from Australia and earns saving bank interest in an Indian Bank Account?

2.Will the salary received be exempt? If yes, under which section?

3.How can the TDS be claimed? I mean, like we import form 26-AS

4.Can two years return be filled together of such NRI?

Replies (2)

Siddharth

Article Assistant

114 Points Posted on 18 July 2014

first you have to check Is there a Unilateral agreement with Australia (I feel there is DTAA between India & Australia). If there is DTAA, then there are 2 methods of computing tax of NRI.

1. I don't have knowledge of this

2. Under exemption method under DTAA, the salary from Australia will be exempt & there is no section

3. TDS can be claimed in return & Indian Govt. will refund the amt. which has been deducted by Australian Govt. & not through 26AS

4. Yes, you can A.Y. 2013-14, A.Y. 2014-15