29 October 2012
An Individual is engaged in the online work for an Individual abroad, He takes his incentives in his HDFC account directly, what statutory things are to be fulfilled?
29 October 2012
Global income of an assessee is to filed Income Tax return (ITR) with IT authority within due date U/s 139.
In the instance case, incentives received from foreign national is income of resident India and accordingly liable to income tax.
Ensure whether any tax has been deducted from foreign national. If tax / TDS is deducted on such income,then he can eligible to claim rebate subject to DTAA with foreign country.
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