Income tax - nri status

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2011 I'm a salaried person & moving to USA at the end of Oct'2011 & planning to return toward end of next year. I've not gone to USA in last 2 years. I've following 2 questions based on the same -

1) How will my USA income be treated for F.Y. 2011-12 from Income Tax perspective?

2) Do I need to pay tax on the same?

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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17 October 2011 1. The same shall be taxable in india.

2. yes, if any Indian tax is payable after taking the credit of the US taxes.

Anuj
+91-9810106211
femaquery@gmail.com

Message likes : 1 times

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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18 October 2011 1. Yes, but only if you are changing job. If Indian Company pays salary in USA then no tax liability in USA.

2. Take credit of income tax deducted in USA in Indian return.

Anuj
+91-9810106211
femaquery@gmail.com

Message likes : 1 times

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