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