Poonawalla fincorps
Poonawalla fincorps

Taxation

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(Querist)
12 March 2014 Is there any benefit for assesse if the income earned abroad is taxed abroad? Can he get credit of taxes paid abroad? How?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
19 March 2014 1. In case of a Resident and Ordinarily Resident, global income is taxable in India.

2. Taxes paid abroad can be claimed as deduction in India.

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