Jatin Verma (72 Points)
20 July 2020
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 20 July 2020
Jatin Verma
(72 Points)
Replied 21 July 2020
CA Payal Gupta
(Chartered Accountant)
(154 Points)
Replied 21 July 2020
Dear Jatin,
In the case of Resident, Resident, and Ordinarily Resident (ROR) then his global income is taxable in India.
For converting salary in India Rupees, then you should arrange for the SBI TTBR rate on the date of Salary paid.
Further, you can take a foreign tax credit of such tax paid in foreign by filing form 67 under Income Tax and show the credit of tax deducted u/s 90 or 90A while filing Income Tax Return and you should have proof of tax deducted on salary (e.g. challan) in a foreign country because it needs to be uploaded while filling the form.
CAclubindia
