Interest income of a resident in india
This query is : Resolved
15 July 2014
Interest income earned in U.K by an indian resident if is taxable or exempt in India? Pension received from U.K is exempt as per article 19(3) of D.T.A.A. If interest income on which tax payer code is available in U.K is taxable or exempt in India?
15 July 2014
kindly note that for a resident the whole of the income, earned anywhere in the world is taxable in India. it is after reporting the income the tax return, you claim deductions for DTAA benefits.
15 July 2014
Accordingly, Interest and pension both shall be included in the tax return and then you will claim deduction for DTAA benefit. I dont think there is any exemption for interest income.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS DEMAND.
- TDS-Fixed assets
- 139(4) for ITR-5- audit
- Joint Account Closure
- RCM PAID ON RENT IN RESTAURANT BUSINESS @ GST RATE 5%
- Registartion of trust
- TDS can We Adjust 194C Amount to 194J
- Regarding Claim of ITC of FY 2020-21
- Mentioned xyz as employer name instead of xyz LLC in ITR
- Reversal of unutilized ITC can be paid through ITC
- Ammended B2B invoice not displayed in GST2B
- GST Portal Log In
- TDS OR GST APPLICABLITY
- FORM SPL-02
- Complication in generating GSTR-2B
- Assesee supply services in RCM, above 2 crores turnover, is he applicable to file Gstr9
- Sale of liquidated company
- How to calculate tax as Income & Tax Calculator on e-Filing website is giving wrong results.
- Updation of UDIN for ROC forms AOC-4 and MGT-7
- Invoices not transmitted to ICEGATE because of non-authentication of Aadhaar
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
