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Salary Income outside India later brought in to India is taxable?

shrikant (student) (24 Points)

10 January 2021

If i Received Salary in Qutar (Tax free), and later i transferred to my Parents Account in India is taxable in Parents hand?? or can i transfer to My own India Account is taxable?

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6 Replies

Yash Bhutra (14 Points)
Replied 10 January 2021

Depends upon the residential status

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Kapadia Pravin (17259 Points)
Replied 11 January 2021

Here there is use of salary amount and any transfer to his or parents account in India will not attract Income Tax.

The incidence of tax is at the time of earning salary income which will be taxed depending upon his residential status.

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sabyasachi mukherjee (27413 Points)
Replied 11 January 2021

Incidence of taxation. and The querist is a NRI.
HE IS A NRI .
NOW ANY.MONEY SENT TO PARENTS IS NOT TAXABLE.
Becoz that is governed by Quatar laws .
The income is deemed to accrue or arise outside India.

ayusmita (Tax consultant) (5885 Points)
Replied 11 January 2021

In both cases it is tax free
if you transfer money to your passbook or your parents
but if they futher invest that money then taxable in their hands as per rules and regulations
similarly if interest in your passbook crossed 10000 then you need to report as per Indian itr
as in quatar salary employees are fully exempted from taxation but in india interest exemption is only 10000