22 July 2009
My friend is an Indian National and worked in overseas for morethan 12 years and holding Sigapore parmenant residence and now working for singapore company in india which is 100% indian company and subsidiary of Singapore company. He is getting his remunaration in two parts one in singapore and other in india. How do he declare his incometax.Is the income in singapore is taxable.Please advice
22 July 2009
Taxability of the entire income will depend upon his residential staus. If he is resident in India for the current year by perview of sec 6(1) for staying more than 180 days then his entire income wherever he is earning it from will be taxable in india.