Taxable income
This query is : Open
25 February 2014
Hello,
Receipt of Share of Profit frpm abroad firm (firm in abroad) is taxable to resident in india or not.
Share is accrued outside India and received out side India.
Thanks in advance.
Receipt of Share of Profit frpm abroad firm (firm in abroad) is taxable to resident in india or not.
Share is accrued outside India and received out side India.
Thanks in advance.
25 February 2014
It is not taxable in India as you have already paid taxes of that country and the income has been earned outside India but if no tax has been paid in that country then at the time of bringing that income minimum 20% plus SC is to be paid in India
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21 March 2014
Hello Sir,
Can you mention Section for above explanation?
Thanks in advance.
Can you mention Section for above explanation?
Thanks in advance.
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