Taxation for foreign citizen (tax residents in india)
This query is : Resolved
17 June 2016
My client is Brit Citizen, employed by a registered charity in the UK. We are each granted a living allowance (in pounds Sterling), with some expenses paid. We work largely from home, travelling regularly within Bangalore for various meetings. He also receives rent on UK Property & interest from UK Account /Indian Acs. What would be the taxability in India for the Living Allowance, Rentals & Bank Interest from UK / Indian A/c.
17 June 2016
He is resident but not ordinarily resident hence his foreign income is not liable for tax in India till he completes 3 years resident in India. His bank interest and salary earned in India is taxable in India.
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