Foreign income earned and converted in different FY

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..... Foreign income earned and converted in different FY
Query (Issue) Started By: - Shikha Mahawar Dated:- 11-7-2017 Income Tax
Income Tax
Dear Sir/Madam, I have a query related to taxation on .....

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..... foreign income if earned and converted in two different FY. If an individual has been out of India for employment purpose for 187 days in a FY, the status of individual turns to NRI. The salary incom .....

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..... e earned by that individual for that FY becomes exempt from tax. But what if the individual carries some amount of salary received in foreign currency itself and do not convert to INR and converts t .....

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..... he same in INR in next FY when the individual status will be Resident. Will that foreign currency converted to INR in next FY becomes taxable in that FY although the income earned outside India when .....

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..... the individual was NRI. Thanks, Shikha Mahawar
Discussion Forum - Knowledge Sharing .....

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