Whether Taxable or Not ?

Dear Harshit,

I loved the last statement in ur post -"that too in japanese language"..............:)

Try Google translator -

https://translate.google.com/#

Now, coming back to ur question first check the residential status of ur brother based on number of days of his stay in India as per Sec 6

Then go through the relevant clauses of DTAA with Japan -

https://law.incometaxindia.gov.in/DIT/File_opener.aspx?fn=https://law.incometaxindia.gov.in/Directtaxlaws/cbdt/dta/A1_Japan.htm

If Residential status of ur brother happens to be "Resident" then his income will be taxable in India but benefit of tax paid in Japan can be obtained under DTAA.

On the otherhand if "Non Resident" then his income will not be taxable in India.

Dear Friends,

Please let me clear that the amount of bonus received form LIC after the maturity or beofre the maturity of Insurance is taxable or not

regards

Pawan Sharma