Should I include march foreign salary received in April in my income for FY 2023-24?
This query is : Resolved
27 November 2024
I am paid biweekly in foreign company in USA. Half of my March salary I received in March that I offered to tax. The second half I received in April, 2024. My CA told me that since the salary was received in April, and the tax was deducted in April 2024 in the foreign jurisdiction(Which is a different tax year in India), I won't be able to claim FTC on this amount and that's why I should not include it in FY 2023-24 income. Is my CA correct?
27 November 2024
Yes, you have option to declare the balance salary amount in next year ITR.
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27 November 2024
Thank you so much sir. So I consider it income for next year? I shall be a NRI next year and as such my foreign income is not taxable in India so how do I show that?
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