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gigi (advocae)     16 February 2008

tax calculation

Dear All,

my question is whether one has to pay any kind of tax for the money earned abroad when he brings it to india.



Learning

 5 Replies

Guest (n/a)     16 February 2008

Income tax calulator for FY2007-08

Guest (n/a)     16 February 2008

IT Calculator

Guest (n/a)     18 February 2008

income tax

Sowmya Pillai (HR Executive)     18 February 2008

Hi Gigi, This is an information i got from a website.. Hope this will satisfy ur query.. For tax purposes, an individual may be resident, nonresident or not ordinarily resident. Non-Residents and Non-Resident Indians Residents are on worldwide income. Nonresidents are taxed only on income that is received in India or arises or is deemed to arise in India. A person not ordinarily resident is taxed like a nonresident but is also liable to tax on income accruing abroad if it is from a business controlled in or a profession set up in India. Capital gains on transfer of assets acquired in foreign exchange is not taxable in certain cases. Non-resident Indians are not required to file a tax return if their income consists of only interest and dividends, provided taxes due on such income are deducted at source. It is possible for non-resident Indians to avail of these special provisions even after becoming residents by following certain procedures laid down by the Income Tax act. Cheers, Sowmya

ASHAFAQUE AHMAD (LIBRARIAN)     12 October 2012

WHAT IS TDS ?HOW TO FILE IT ONLINE ?

 

ASHFAQUE AHMAD


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