21 November 2010
If one assessee was work out of india april 09 to sep 09 he received salary from there rs . 566000 and then he was come india and doing business here and its income is 250000. how to compute the income for income tax purpose . the salary received is exempt or not. can u computation of income.
21 November 2010
The salary income of Rs. 566000/- earned during April 09to Sept 09, shall be taxable in India, If he is a resident of India, along with the business income of Rs.250000/-.
If based on the residential status, he is non resident for tax purpose, then salary would not be taxable in India.
Possibility of DTAA benefit is not ruledout. Moreover IF the salary earned from outside India, And there exist DTAA, you may get benefit from DTAA either in terms of tax credit or lesser rate.
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