Tax applicablity
This query is : Resolved
21 August 2015
My friend works in dubai.He is an accountant and earns 2lakhs per month.Will that income be taxable when it is transferred to india?
21 August 2015
If you qualify to be a resident in India, the entire income earned by you, including the salary income earned outside India but credited to your non-resident external(NRE) account, would be subject to tax in India. However, subject to the provisions of the applicable double taxation avoidance agreements (DTAA) you may be eligible to claim credit of taxes paid outside India against your Indian taxes.
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