Foreign Income

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 August 2010 Hi

The assessee is a doctor and at present he is in USA .He wants to remit the money to India. The following is the query:

1) whether the remittance is taxable in India, if the money received in USA is
(a) Salary (b) Stipend

2) If it is not taxable, so how can the same be demonstrated to the Income tax officer's

[The reason for posting this query is , recently when the assessee remitted the money in his father's a/c the ITO demanded tax on the same]
Require a details answer

Thanks in Advance

Jitender

Jitender (Expert)
Follow

12 August 2010 1) money is not taxable if he is non-resident as per income tax act.
2) if he is NR then any income having no source in India can't be taxed in India.

Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2010 Hi

thanks for the reply and the assessee is a NRI.

Upgrade to CAclubindia Pro. Subscribe Now!