Hello
Hope you are doing well.
One of our clients providing IT SERVICES to outside India.He is in Resident Indian and providing services from India.He is receiving consultancy income in USA bank account.Is that income taxable in India?
Please share views.
Thanks in advance.
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Taxable Income in India or not
Replies (6)
Quick Summary
Since the person is Resident in India, the income will be taxable in India. However, he can take credit in India for the taxes paid in the foreign country on the income as per sec 90.
Income is taxable in India.
When the assessee is resident in India , his global income is taxable in India, subject to the rebate claimed under section 90
Income accrue or araise in India is taxable in India..
For Indian Indian resident (ROR) global income is taxable.
In few cases , place of effective control also has to be checked to ascertain residential status
For Indian Indian resident (ROR) global income is taxable.
In few cases , place of effective control also has to be checked to ascertain residential status
There are several instances and connotation. incidence of taxation is a big term.
Income will be taxable in India.
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