Income earned from abroad

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..... Income earned from abroad
Query (Issue) Started By: - Joe Kurian Dated:- 11-10-2015 Last Reply Date:- 29-9-2016 Income Tax
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Income Tax
Dear Sir, I am a resident Indian runnin .....

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..... g a sole proprietorship firm with a current account. I concentrate in facilitating international trade, goods from Europe to China, and get commissions from my Chinese buyers. Do advise whether I have .....

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..... to pay income tax in India. Again, do also advise if I invest the money here, will I get tax exemptions. Buying land or developing land etc. Reply By CA Surender Gupta: The Reply: Being a resident .....

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..... Indian, you are liable to Income for the income earned in India as well as abroad. However, you may get the credit of tax paid, if any, abroad for earning such income as per the provisions of Sectio .....

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..... n 90 or 91 of the Income Tax Act, 1961 as the case may be.
Discussion Forum - Knowledge Sharing .....

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