19 June 2009
I am an Indian Citizen and presently working as MIS Expert(Consultant) in Asian Development Bank. I am posted in India. I want to know whether my salary is exempted from income tax or not. If yes than under which section and Act.
22 June 2009
As per the provisions of Indian income tax act every indian citizen if resident in India is liable to pay income tax in India on all his income ie, Indian as well as foreign income both.
24 June 2009
I am in know of an Expert retained by the World Bank who is a resident Indian based in India with salary income from the World Bank who has not been paying income tax over the years. Is his income exempted from income tax ? If yes, similarly, income by a resident Indian based in India with income from the multilateral agency like African Development Bank, Asian Development Bank or other similar UN bodies being engaged full time is taxable or exempted under the provision of the income tax act.
CAclubindia
