Tax clarification

Tax queries 530 views 1 replies

stanley

Propreitor

86 Points Joined May 2013

Hi, I am an entrepreneur and travel across all GCC countries where taxes are exempted. All foreign exchange earned is transferred to my NRE account in India. I also generate revenue in India and have a separate account. Currently both revenues are being considered as income and taxes duly paid.

Is there any rule or means where the foreign income can be excluded from taxes ?

Replies (1)

Guest

if you are ordinary resident of India, means if all conditions speicified u/s 6(1) & 6(6) are satisfied, then all the incomes earned across the world is taxable in India.

But you are eligible for relief u/s 90 of 91, where taxes on same income is paid in more than 1 country