Double tax adjustment
This query is : Resolved
18 November 2013
If a NRI Receive interest on fix deposit and TDS on interest is deducted by bank.Interest on FD is taxed in India and other cuntery also.
How to reduce tax liabilty of nri in double taxtion?
How to reduce tax liabilty of nri in double taxtion?
19 November 2013
Taxability of income across the world is mostly Source-based or Residency based.
Hence, in your case, please determine and expedite the Residential Status of the NRI in India. If a non-resident, then file Indian ITR for interest income and claim FOREIGN TAX CREDIT in the Other country.
Hence, in your case, please determine and expedite the Residential Status of the NRI in India. If a non-resident, then file Indian ITR for interest income and claim FOREIGN TAX CREDIT in the Other country.
19 November 2013
Taxability of income across the world is mostly Source-based or Residency based.
Hence, in your case, please determine and expedite the Residential Status of the NRI in India. If a non-resident, then file Indian ITR for interest income and claim FOREIGN TAX CREDIT in the Other country.
Hence, in your case, please determine and expedite the Residential Status of the NRI in India. If a non-resident, then file Indian ITR for interest income and claim FOREIGN TAX CREDIT in the Other country.
22 November 2013
a. File ITR in India.
b. Taxes paid/TDS shall be allowed as a credit in the Other Country.
b. Taxes paid/TDS shall be allowed as a credit in the Other Country.
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