A student goes to France for his studies for 2 years, gets STIPEND there. He has saved 9 lacs and wants to bring it back to India. What is the tax implication and procedure?
Kindly suggest....
3 Replies
Nikhil Kaushik
(Fellow CA)
(86479 Points)
Replied 17 June 2015
the stipend should have been included in income in the respective year or receipt and offered to tax.
C.A. Girish R Dalwadi
(C.A. practice)
(213 Points)
Replied 17 June 2015
Taxed as per dubble taxation agreement.
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 20 June 2015
Please check from where the Striped is received??????
Fom France or Bharat????
If received from France then taxable in France and the money saved after taxes can be brought to Bharat.
Anuj
femaquery @ gmail.com
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