International tax query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 December 2011
Hello,
Last year,my friend earned some income in Sweden. We filed income tax return without showing that income because the Swedish Govt.had deducted tax on it. And also, since on his Indian income he was already getting refund,he would have no tax benefit here for the tax paid in Sweden. Now, this month the Swedish Govt.refunded the tax. So I would like your opinion whether to revise last year's return and show the income or include in this year's income.Please guide
Regards,
Rachana
Last year,my friend earned some income in Sweden. We filed income tax return without showing that income because the Swedish Govt.had deducted tax on it. And also, since on his Indian income he was already getting refund,he would have no tax benefit here for the tax paid in Sweden. Now, this month the Swedish Govt.refunded the tax. So I would like your opinion whether to revise last year's return and show the income or include in this year's income.Please guide
Regards,
Rachana
09 December 2011
Respected Mam,
What is the residential status of assessee or how many days he was in India in that year in which income was earned if less than 60 days then please specify how many days in a year person was in India in Five year immediately preceeding the year in which income was earned in Sweden
What is the residential status of assessee or how many days he was in India in that year in which income was earned if less than 60 days then please specify how many days in a year person was in India in Five year immediately preceeding the year in which income was earned in Sweden
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 December 2011
He went to Sweden for two months.He is resident as per IT Act
09 December 2011
You are saying no tax benefit in India of tax paid in Sweden but we can take the credit of tax paid in India as per Section 91 of Income Tax Act, 1961, and if it is of F.Y 2009-10 only then u can revise upto 31st March, 2012 else you can't.
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
CAclubindia
