Hi
A person residing abroad (Dubai) remmits an amount of Rs. 5 lacs to India. Please clarify if the same will be taxable in India.
The person is a Resident of India and has been living in Dubai for 2 years.
Thanks & Regards
Rohan
Ritzz (CA Final - Article ) (365 Points)
09 July 2013Hi
A person residing abroad (Dubai) remmits an amount of Rs. 5 lacs to India. Please clarify if the same will be taxable in India.
The person is a Resident of India and has been living in Dubai for 2 years.
Thanks & Regards
Rohan
Akshata
(CA Final )
(324 Points)
Replied 09 July 2013
Remittances are not taxable. But since he is a resident (assuming ROR) of India,his global income shall be taxable which would make Rs. 5 lac taxable by whichever source earned.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
