Income tax on fund trfd from foreign country
This query is : Resolved
16 February 2015
If a person earns some income in a foreign country (let's say dubai) and then send this amount to India in his saving a/c. If this income will be taxed in India, if yes then at what rate ? Status of that person in that particular year is Resident. And will it make any difference if the status is Non-resident.
17 February 2015
if the person is Resident then all income is taxable in the hand of person and it depends upon the Assessment year and the age of the person the amount forming exemption limit.
if NRI, then Income received,accrues, arise In India and Deemed to Accrues,Arise and received in india be only taxable
if NRI, then Income received,accrues, arise In India and Deemed to Accrues,Arise and received in india be only taxable
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