taxable income of Indian citizen out side india
This query is : Resolved
22 April 2011
Dear Experts,
Pl. guide about the incomes taxable in following cases -
1. income earned by Indian out side India when he/she completed more than 180 days out side India.
And the same money is brought in India thru banking channels. & case where kept the money there only.
2. When is the double taxation is applicable to NRI since any money earned out side India is not taxable. & they remit the same to India does it become taxable.
Pl. guide about the incomes taxable in following cases -
1. income earned by Indian out side India when he/she completed more than 180 days out side India.
And the same money is brought in India thru banking channels. & case where kept the money there only.
2. When is the double taxation is applicable to NRI since any money earned out side India is not taxable. & they remit the same to India does it become taxable.
23 April 2011
tHE CONDITION IS THAT IN THE FINANCIAL YEAR CONCERNED BEGINNING FROM 1 APRIL AND ENDING ON 31 MARCH THE PERSON SHOULD NOT BE IN INDIA FOR 182 DAYS OR MORE
IF THIS CONDITION IS FULFILLED THAN MONEY EARNED ABROAD WILL NOT BE TAXED IN INDIA WHETHER U BRING BACK OR NOT IS OF NO CONSEQUENCE
IF THIS CONDITION IS FULFILLED THAN MONEY EARNED ABROAD WILL NOT BE TAXED IN INDIA WHETHER U BRING BACK OR NOT IS OF NO CONSEQUENCE
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