India-US taxation
This query is : Resolved
06 April 2010
Dear all,
Mr X is a resident of India and green card holder in US. He is back to India and working here. He gets investment income from both India & US. He pays taxes in US for other income. He also declares salary income but pays no tax on it.
In India he is supposed to declare whole of his income.
Under what sec can he claim relief in India?
Is there any limit on the amount of claim?
What amount should i claim?
Mr X is a resident of India and green card holder in US. He is back to India and working here. He gets investment income from both India & US. He pays taxes in US for other income. He also declares salary income but pays no tax on it.
In India he is supposed to declare whole of his income.
Under what sec can he claim relief in India?
Is there any limit on the amount of claim?
What amount should i claim?
06 April 2010
read section 90 to 91 of IT Act, 1961 along with schedule X11A
06 April 2010
Sorry read it as chapter XIIA
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