Income earned and a rised outside India but received in India will be considered as Indian Income or Foreign Income..?
5 Replies
Tanuj Chandra Saxenaa
(Company Secretary)
(7075 Points)
Replied 15 December 2021
Foreign income but it is taxed in India as it is receiving in India
Vinay Jaindani
(188 Points)
Replied 15 December 2021
But the person whom it is received has worked from India as freelancer for a foreign company. it will still be foreign Income ..?
Tanuj Chandra Saxenaa
(Company Secretary)
(7075 Points)
Replied 15 December 2021
Yes it will be a foreign income and it will be taxable in India for Indian resident
sabyasachi mukherjee
(27574 Points)
Replied 15 December 2021
Incidence of taxation
income deemed to arise or accrue in india .
there are Lots of other conditions.
income deemed to arise or accrue in india .
there are Lots of other conditions.
Vinay Jaindani
(188 Points)
Replied 15 December 2021
Ok as i mentioned the assesse is resident and is working for a foreign company based outside india his income is received is INR in indian bank account so is this income is required to be declared under Schedule FSI or FA of ITR 3 or filing an ITR-4 would be sufficient also the co is not deducting any tax.
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