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Consultancy Income from United Nations

Querist : Anonymous (Querist) 21 June 2011 This query is : Resolved 
Is Consultancy Income from UNO received by an individual exempt from Income Tax?And,if so,under what section/rule?
A V Vishal (Expert) 22 June 2011
Under section 2 of the United Nations (Privileges and Immunities) Act, 1947, read with section 18 of the Schedule, thereto, exemption is granted from Income tax in respect of salaries and emoluments that are paid by the United Nations and other notified international organizations to its officials. Pension is also covered under this provision and no tax is payable. The nature of payment received by you does not fit into the description of the income earned by you, hence you are liable to tax.



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