07 August 2012
Hi, My friend have a salary from HSBC Bank london U.k. in the month of april 11 - 2255.72, may 2011 - 2015.72, june 2011 - 2015.72 and july 2011-2015.72 and tax deduct on the same of 326.40, 278.40, 278.60, 278.40 respectively ( all in GBP) and N.I code A deduct 198.45, 169.65, 169.65 and 169.65 respectively . Thereafter he joined the HDFC In india.
Now please advise how to file the income tax return in india. Should we show the salary income which earned in U.K. in india income tax return or not? if yes then what is the procedure ?
An individual is considered as a ‘resident’ if he is
1.
in India for 182 days or more in a previous year
OR
2.
in India for 365 days or more in 4 years immediately preceding a previous year and 60 days or more in a previous year
Resident
World income liable for tax in India.
So for resident - all income taxable in India.
Better to contact for nearest tax expert for filing return.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
08 August 2012
Thanks for apply. He is resident and individual. I Know his foreign salary is taxable because of his period is only 130 days in U.K., But he paid the tax on the salary at u.k. also. So my actual question is that Should we consider the tax( paid in U.K.) amount in indian tax calculation? if yes then how?