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Taxable Income in India or not

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Account and Tax consultant
124 Points Joined August 2012
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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On 30 May 2022 at 21:22 Report
Replies (6)
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790 Points Joined December 2020
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.
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On 30 May 2022 at 22:17
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Chartered Accountant
86505 Points Joined April 2011
Income is taxable in India.
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On 30 May 2022 at 22:25
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12244 Points Joined May 2017
When the assessee is resident in India , his global income is taxable in India, subject to the rebate claimed under section 90
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On 31 May 2022 at 01:15
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CFO- at NHTF
58280 Points Joined August 2012
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
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On 31 May 2022 at 08:27
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Profession Business
28196 Points Joined May 2017
There are several instances and connotation. incidence of taxation is a big term.
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On 31 May 2022 at 10:38
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Chartered Accountant
5010 Points Joined March 2020

Income will be taxable in India. 

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On 31 May 2022 at 11:20

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