Nri tax
This query is : Resolved
17 August 2018
I returned from US on July 17th after staying there since Oct 2011. That makes my stay for US Financial year as 197. As India follows Apr to March financial calendar, i will also satisfy 186 days plus rule for India. My US income tax has already been withhold and my company Pay dept. is saying that they will deduct my tax for salary in US in India also. I should be a RNOR i.e. nonresident but ordinarily resident and earning in US should not be Taxed. Please let me know what are my options.
I work for TCS which is Indian Company and also registered and Traded in USA.
I work for TCS which is Indian Company and also registered and Traded in USA.
18 August 2018
Dear Jay,
If you are sure of your RNOR status, you need to explain to your accounting team that US income wont be taxable in India. In case they don't agree (which is quite possible), you will have to make adjustments in the tax return itself.
If you are sure of your RNOR status, you need to explain to your accounting team that US income wont be taxable in India. In case they don't agree (which is quite possible), you will have to make adjustments in the tax return itself.
20 August 2018
Thanks Nikhil, what will be the process to apply for Tax return in this case. DO i need to submit an ITR-1 or ITR-2 and what all additional document do i need to submit.
20 August 2018
ITR-1 is only for resident tax payers, So you gotta file ITR-2
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?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
