hardik
(article)
(37 Points)
Replied 25 July 2011
Dear Anuj Sir,
1 of my client was in US for period 01/01/2010 to 31/08/2010 having salary income. later on from 01/09/2010 to 31/03/2011 he is employed in India. So he will be resident and global income will be taxable.
So the salary of US from 01/04/2010 till 31/08 will be taxable na as indian income tax financial year starts from 01/04/2010?
whether he can claim relief under section 90 or 91?
Is there any exemption available for such salary income under dtaa between india & US?
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 18 October 2011
Yes, the salary of US from 01/04/2010 till 31/08 will be taxable as indian income tax financial year starts from 01/04/2010.
releif under sec. 90 is permitted.
No exemption, but if US salary was paid by Indian company then it may not be taxable in USA.
Anuj
+91-9810106211
femaquery @ gmail.com
KVS Rao
(CFO)
(26 Points)
Replied 28 December 2011
As per DTAA WITH US, Salary Income is Taxable in the other contracting state (USA), not taxable in India.
PRAKASH CHANDNANI
(PRESIDENT)
(84 Points)
Replied 14 February 2017
RATES TO BE TAKEN
SBI TTBR RATE - FOR EVERYMONTHS SALARY, CONVERT WITH LAST MONTHS / LAST DATE OF SBI TTBR RATE
JAN SALARY ----------- SBI TTBR RATE OF 31ST DEC .......LIKE THIS, ALL FOREIGN CURRENCY IS CONVERTED.
CAclubindia
