Facts: X(female), a citizen of India, settled in us, Earning an income of 10lakhs/annum(in USD) apart from that she is getting royalty income of 162000( in Rs.) after deducting TDS of 18000(@10%)from an Indian Publisher ...
Question:
1.Whether She can get back the TDS amount by filing return....if yes? whether she got any obligation to show the income from US in Income tax return...If so, what will be the tax implications...
14 December 2011
It shall depend on her residential status u/s 5 of Income tax Act. From your details, i assume that she is not ordinary resident in India, hence her US income earned outside india shall not be taxable in India. She can file her return in India & get refund due, if applicable. In other words, if there is no other Indian Income then since 162000 falls below exemption limit & she can get entire TDS as refund.
CAclubindia
