Tax on foreign income

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 May 2012 Mr.X (resident in India)receiving remuneration in the capacity of director,in Hongkong (not having DTAA with India)and tax is not paid on such remuneration.

IS this amount equivalent to approx INR 2100000 taxable in India or not.

if taxable then,fully taxable or a pert.

thanks

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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24 May 2012 Fully taxable in India.

Message likes : 1 times

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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24 May 2012 Agree with Mr Siddhartha,

Income earned by resident is Always taxable in india irrespective of the country in which it is earned or received.

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