Menu
Tax liability for a foreigner which is ror
A foreigner who is getting some money & shares by way of inheritance out of india in FY 2015-16, Also he/she is a Resident and Ordinarily Resident in india. How will the tax liability be computed? will his/ her global income be taxable? and also what are the details we need to disclose in ITR?
Replies (2)
Dear,
Global Income of "Resident Ordianrily Resident" is taxable in india.
Tax Liability shall be computed as per the normal provission of Income Tax.
Thanks for your reply.
Are there any disclosures requirements for this, say the money or shares received in foreign bank account and interest and dividend earned out of the said money.?
Recent Threads
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
- Received this confusing IT notice. How to reply
- Houston Sign Company For Custom Signs, Banners &am
- Refund due to change in GST Rate Tobacco Products
- Lease related query can we rent out lease ?
- Planning of Ceased a Business i.e Closure of Compa
- Property value in 26QB
- Form 26QB Multiple Buyer/Multiple seller
Related Threads
CAclubindia
