taxable income for tax dedution

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 September 2010 An individual works for a foreign co. earns in foreign currency. Should he pay tax in India for income earned in foreign currency while working in India and if he get the salary after deduction of tax from that country, still will the net salary be taxed in India. kindly guide

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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16 September 2010 Yes.. He is liable to pay tax.

Tax will be calculated on gross value & he will get the benefit of withholding tax deducted by the foreign company.