Receipt of salary from Foreign Comoany, Income Tax

[Mukund Honkan]

Resident  Indian receive salary from foreign company for services rendered from India.

Pl. let us know TDS complainces foreign co should follow & tax implication of individual thanks

Posts / Replies

[Reshma kochar]

Hi Mukund,

In reference to your query, for salary remitance from Foreign Co.,Withholding of taxes would imply as per local laws of Foreign Co. If there is any provision for withholding of taxes before payment to a non-resident.

As far as Indian taxation is concerned, being a resident his global earning would be taxable in India. However he can claim examption of tax deducted by foreign Co. ( taking into consideration DTAA )