Income from abroad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 July 2011
One of my client is partner in the firm in Malaysia, the firm paying him a salary after paying the tax for him in Malaysia, and it send the draft in his name in India, will this income taxable in India again
Pl clarify
Pl clarify
30 July 2011
Hi,
What ever income earned out of FOREX fully excempted from INCOME TAX ACT. But subject there is no business connection in india
What ever income earned out of FOREX fully excempted from INCOME TAX ACT. But subject there is no business connection in india
30 July 2011
It depends on the Residential Status of the person concerned. If he is Resident in India then the Income earned in Malaysia is to be added to his income and rebate for tax paid in that country is allowed provided that there is any DTA.
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