As per Income Tax act,
Case 1: If one NRI person earned income in America but received from Indian bank means Taxable or non taxable in India?? he was in India for joining festival ceremony
Query : what income tax act clearly tells about foreign incomes and NRI tax ??
plse guide me
5 Replies
shivam bhatia
(231 Points)
Replied 25 July 2022
Firstly it should be received in India then taxable, when remitted to India then not taxable.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177864 Points)
Replied 25 July 2022
The income was received in Indian account, but it was earned out of India,
& secondly he is NRI so only income earned or accrued in India will be taxable in India;
Thus the referred income is not taxable in India, even if credited to Indian bank account.
MPR Sanjay Kumar
(3118 Points)
Replied 25 July 2022
For Example, if one NRI receives income from it's services to Indian people's means taxable or non taxable??
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177864 Points)
Replied 25 July 2022
Yes. taxable, because accrued in India.
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