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Question ID : 40861

Income tax matters

Whether NRI (Indian origion recently went abroad in 2019-20) has got any tax exemption limit or has to deposit tax irrespective of income and whether his income abroad also has to be added in income

Posted by Mahesh Kumar on Oct 08, 2020

Filed Under DIRECT TAXES

Answer ID : 80766

Addition of income accrued and received in abroad to total income depends on his residential status. If he is resident for the current assessment year, his global income will be taxable. If status is non-resident, he is required to pay tax on income earned and received in India only.

Posted by CA. chunauti dholakia on Oct 08, 2020