Harshit Malviya (CA final student) (79 Points)
15 July 2010My Brother is Working in Japan & earning 250000 yen per month as salary from Japanese Branch of India based company,
and received salary net of tax, so whether he will be required to file his return of income in India , also he did'nt get salary certificate from that company , he have only employment contract and that too in japanese language . Please help me..
Amir
(Learner)
(4016 Points)
Replied 15 July 2010
Dear Harshit,
I loved the last statement in ur post -"that too in japanese language"..............:)
Try Google translator -
https://translate.google.com/#
Now, coming back to ur question first check the residential status of ur brother based on number of days of his stay in India as per Sec 6
Then go through the relevant clauses of DTAA with Japan -
If Residential status of ur brother happens to be "Resident" then his income will be taxable in India but benefit of tax paid in Japan can be obtained under DTAA.
On the otherhand if "Non Resident" then his income will not be taxable in India.
Pawan Sharma
(ACCOUNT MANAGER)
(100 Points)
Replied 17 July 2010
Dear Friends,
Please let me clear that the amount of bonus received form LIC after the maturity or beofre the maturity of Insurance is taxable or not
regards
Pawan Sharma
CAclubindia
