Resident indian and global income

This query is : Resolved

ANKUR DEGADWALA (Querist)
Follow

11 September 2014 PERSON A HAS BEEN TO ABROAD SERVICING THERE AND NOW HE HAS COME BACK TO INDIA AND STATUS OF THE PERSON IS RESIDENT RIGHT NOW.
NOW PERSON DERIVES INCOME FROM ABROAD IN FORM OF PENSION, CAPITAL GAINS AND OTHER SOURCES INCOME I.E INTEREST INCOME ETC. NOW WHICH KIND OF GLOBAL INCOME ATTRACTS TAX IN INDIA IN THE CASE OF RESIDENT AND WHICH KIND OF GLOBAL INCOME DOES NOT ATTRACT TAX IN INDIA IN CASE OF RESIDENT ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

11 September 2014 once he is resident for a year then all income whther foriegn or indian unless specifically exempted is taxable.

ANKUR DEGADWALA

ANKUR DEGADWALA (Querist)
Follow

11 September 2014 KINDLY SPECIFY WHICH INCOME ARE SPECIALLY EXEMPTED ?

Upgrade to CAclubindia Pro. Subscribe Now!

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

11 September 2014 only indian income is exempted like pension etc all foriegn income are taxable

gbalakrishnan

gbalakrishnan (Expert)
Follow

12 September 2014 u have to say what kinds of income u got then it is possible what is exempt. Else approach any CA who would help u but you need to clearly specify!