taxable income for tax dedution
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 September 2010
An individual works for a foreign co. earns in foreign currency. Should he pay tax in India for income earned in foreign currency while working in India and if he get the salary after deduction of tax from that country, still will the net salary be taxed in India. kindly guide
16 September 2010
Yes.. He is liable to pay tax.
Tax will be calculated on gross value & he will get the benefit of withholding tax deducted by the foreign company.
Tax will be calculated on gross value & he will get the benefit of withholding tax deducted by the foreign company.
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