13 July 2011
My client is employed with TCS in US. They have been paying his salary and deducting tds in USD. My client has filed his W-2 (ITR in US).
My client files his ITR regularly in India. How and to what extent do i claim the double taxation benefit in his ITR? Do i have to apply any conversion rate to convert the tds paid in USD to INR? Is there a formula for claiming this benefit and under what section? How will his total income in INR be computed in such a case?
15 July 2011
SALARY PAID IN USA WILL BE TAXABLE IN USA GENERALLY EXCEPT FOR CERTAIN CIRCUMSTANCES MENTUIONED IN ARTICLE 15 OF INDIA-USA DTAA SO NO QUESTION OF DOUBLE TAXATION ARISES