Taxability of salary earned outside india & filing it return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2012
Reg: Your Valued Advice on taxability of Salary earned outside India and filing of IT Return
Dear Sir,
I had stayed in Lagos, Nigeria for 190 days during financial year 2011-12 i.e. from April 2011 to March 2012 and earned Salary in USD from a Ltd Company at Lagos and same was remitted directly from Lagos to my NRE account at Punjab National Bank, Nagpur besides getting reimbursements for local living expenses in local currency in Naira.
Kindly advise:
1. Whether my income earned in USD at Lagos and remitted to NRE account directly in India is taxable
2. Whether I am required to file the Income Tax return before 31st July 2012?
Your early Valued Advice will be highly appreciated.
Regards
Dear Sir,
I had stayed in Lagos, Nigeria for 190 days during financial year 2011-12 i.e. from April 2011 to March 2012 and earned Salary in USD from a Ltd Company at Lagos and same was remitted directly from Lagos to my NRE account at Punjab National Bank, Nagpur besides getting reimbursements for local living expenses in local currency in Naira.
Kindly advise:
1. Whether my income earned in USD at Lagos and remitted to NRE account directly in India is taxable
2. Whether I am required to file the Income Tax return before 31st July 2012?
Your early Valued Advice will be highly appreciated.
Regards
28 July 2012
ans1: No. Your status would be not ordinarily resident.. (with the assumption that you have gone outside India for the first time. Ans 2: Your quantum of Indian Income will decide the date of filing return.
28 July 2012
You were not resident in india during the Financial Year 2011-12 and salary earned outside India Hence is not taxable in india.
You are not required to file ITR in india in this case
You are not required to file ITR in india in this case
Message likes :
2 times
21 December 2012
I endorse the correct reply of CA Rahul Gupta.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Payment of bonus act - notice pay recovery
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
