Foreign income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 March 2012
An individual resident in india has received rent income from Foreign country having DTAA agreement with india and also tax is pain in foreign country.
How the assessee can claim tax credit for tax paid in foreign country??
How the assessee can claim tax credit for tax paid in foreign country??
23 March 2012
Tax credit for taxes paid in a foreign country depends upon relevant DTAA. please share details of the foreign country
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
23 March 2012
No doubt Manoj is correct but if there is a DTA then you have to add both the incomes in India and you have to submit the proof of payment for taxes outside India. On satisfaction of the tax paid by you the rebate at the average rate of tax shall be allowed for the foreign income.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Is Aadhar PAN linking required for opening bank account?
- Form 26QB for TDS on property
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Amendment of September 2021 Invoice
- BLOCKED-INELIGIBLE GST CREDIT
- Payable outstanding for years disallowance
- GST Annual Returns filing due date
- Deemed to be University shall pay gst on Bus fee collection from students
- Section 194LBB
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
