dinesh (student) (38 Points)
08 June 2012One of my Client is NRI, Received Salary Income In USD in NRI Bank Account..which is accrued and arise outside India only...
and not having any other Income in India ...So Please help me whether to Show this Salary Income in ITR2 as Exempted income or not..??if Yes ...then in which Column of ITR??
shankar
(CA, CS Final)
(243 Points)
Replied 09 June 2012
Dear Dinesh,
if income received in India then the same will be taxable in india whether you are resident, or Non resident.
As per Section 5 - Taxability of Income
|
Resident |
World income liable for tax in India |
|
Non-resident |
Income which accrues or arises or deemed to accrue or arise in India and Income received or deemed to be received in India is liable to be taxed in India |
thanks & regards
Shankr
dinesh
(student)
(38 Points)
Replied 13 June 2012
thanx for your reply...but it's not wht i exaxtly want..
.just help me out whether to show that Non taxable income in ITR or not..???
CAclubindia
