Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

Salary received from company outside india

Gauthami (Student CA Final ) (431 Points)

14 July 2024

An employee has received salary from company located in Singapore in his Indian bank account. other than reporting under salary income, are there any annexures or forms to be submitted while filing ITR?

Reply
Follow
Share

3 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177771 Points)
Replied 15 July 2024

Whether he works from home in India?

Whether he gets form 16 from the company?

Any TDS deduction?

Upgrade to CAclubindia Pro. Subscribe Now!

Gauthami (Student CA Final ) (431 Points)
Replied 15 July 2024

Yes, he works from home. No, only salary pay slips denominated in foreign currency but amount received in Indian currency & no TDS deduction.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177771 Points)
Replied 15 July 2024

If you are appointed as employee of the company (and not under any business contract), then you can declare the income under salary head. No more forms needed to be filed.

1 Like